Saad Ullah
XRP has taken a beating over the past few days, dropping sharply from recent highs. The selloff has been one of the steepest in months, leaving traders on edge. But there's a silver lining: the coin is now sitting on top of a major support zone that could either spark a recovery or crack under pressure.
What the Chart Shows
Trader Le²vis flagged the $2.08 level as the line in the sand—and right now, that's where all the attention is. The recent price action tells a clear story. XRP tumbled from around $2.80, a level that had been acting as support but quickly flipped into resistance once it broke. The drop was fast and brutal, sending the coin down toward a key demand zone between $2.08 and $1.95. That green box on the chart marks the area where buyers might finally show up and push back against the sellers. If they do, we could see some consolidation before the next leg—up or down. But if they don't, things could get uglier fast. The $2.80 zone isn't going to be easy to reclaim either. It's now a wall, not a floor, and it'll take serious volume to break back through.
What's Driving This
XRP isn't alone in its struggles. The broader crypto market has been shaky, with Bitcoin sucking up liquidity and leaving altcoins like XRP to fend for themselves. Bitcoin dominance has been creeping higher, which usually means alts bleed. Add to that the lingering regulatory uncertainty around Ripple and the crypto space in general, and you've got a recipe for fragile rallies and nervous traders. Short-term bounces keep getting sold into, and momentum is hard to sustain.
Everything comes down to whether XRP can hold the $2.08 support. If it does, there's a decent shot at a bounce back toward $2.50 or even $2.80. Buyers stepping in here would signal that the worst might be over—at least for now. But if $2.08 cracks and the price slides below $1.95, the mood will shift fast. That would likely trigger more selling and open the door to deeper losses. Right now, it's a waiting game. Bulls need to defend this zone, or sentiment could turn decisively bearish. The next few sessions will tell the story.
Saad Ullah
