Saad Ullah
XRP is hanging by a thread at the critical $2 level, and frankly, things aren't looking great for the bulls right now. The token has been getting hammered for the past two days, and every attempt to bounce back has been shut down pretty quickly.
XRP (Ripple) Charts Paint a Grim Picture as Bears Take Control
Let's be honest – XRP is in serious trouble. The token keeps sliding toward that make-or-break $2 level, and it's been a painful ride for anyone holding bags. Over the last 48 hours, XRP has lost one support level after another, and the bulls just can't catch a break.
Looking at the hourly chart, the momentum has completely shifted. XRP has crashed through both the 26 and 50 EMAs and now sits stuck underneath the 100 and 200 EMAs. Every time the price tries to push higher, it gets smacked down between $2.13 and $2.15. There's basically a brick wall up there that nobody can break through.
What's really concerning is the declining volume during these weak bounce attempts. When you see that, it tells you the bulls have basically thrown in the towel. They're either out of ammunition or waiting on the sidelines for a better entry point.
XRP's Missing Oversold Bounce Signals Trouble
Here's where things get really interesting (and not in a good way). The RSI has dropped to around 36 – screaming "oversold" territory. But guess what? Nobody's buying. That's a massive red flag.
Usually when a crypto gets this oversold, you'd expect bargain hunters jumping in. But with XRP right now, everyone's just watching from the sidelines. When oversold conditions don't bring buyers, it means people have lost faith, at least for now.
The $2 level is basically XRP's last stand. This isn't just any random price level – it's a big, round psychological number that traders have been watching like hawks.
XRP's Make-or-Break Moment at $2 Support
If XRP loses the $2 support, all hell could break loose. We're talking potential panic selling, forced liquidations, and weak hands getting shaken out. For a token betting big on a 2025 comeback story, losing this level would be absolutely brutal for sentiment.
The liquidation cascade could get ugly fast. Stop-losses would trigger, leveraged positions would close out, and before you know it, you've got a full-blown selling frenzy. It's the kind of scenario that turns a bad day into a really bad week.
But here's the thing – this could also be XRP's moment to prove it's got some fight left. If the bulls can step up and defend $2, it might just be the foundation for a turnaround. The battle lines are drawn, and both sides are gearing up for what could be the fight of the year for XRP holders.
Saad Ullah
