Peter Smith
⬤ XRP fell under $2.05, a price that had stayed firm after multiple recent tests. After each drop the market has steadied near $2.02 showing that traders are guarding that price. The token now trades inside a narrow band - momentum gauges show hesitation while the last support still holds.
⬤ The token now carries rising downside risk as it nears the round $2.00 mark - that price is the final buffer before a possible slide to $1.92, the next major demand area on the chart. XRP has failed to rise above $2.28 on repeated attempts, a sign that buyers are running out of force. The present sideways pattern shows that participants are waiting for a decisive cue in either direction.
⬤ Short-term moves are now ruled by technical levels. XRP's inability to move back above $2.05 shows that sellers dominate beneath that ceiling. The chart shows the same zones tested again and again without a sustained rebound and the tight clustering near $2.02 hints that a larger move may arrive soon. Holding the $2.00 floor is essential to stop additional losses.
⬤ This situation matters because XRP stands at a crossroads of major technical points that may decide its next stage. A fall under $2.00 would mark a break of multi day support and would probably hasten the decline. To turn sentiment bullish again, the price must first recover $2.05 and later $2.28. The way XRP deals with this tight range may influence the wider altcoin market during the present volatile spell.
Peter Smith
