XRP Moves Toward Major Support as Chart Signals Sharp Pullback

XRP moved lower toward key support after a sharp breakdown below $2.07, and the chart on the weekly timeframe showed a corrective structure forming while the token traded near $2.1950 during the latest session.

Corrective Structure Develops on Weekly Chart

The latest XRP price chart presented a broad ascending channel that began after the late-2024 breakout. Price action continued to interact with the channel boundaries through 2025 as the trend advanced.

XRP then slipped below a shorter rising trendline that held earlier support into mid-2025. This move created a steady downward sequence marked clearly as “DOWN,” and it signaled a controlled slide into a deeper demand zone.

The chart featured a support box between $1.50 and $1.70. The analyst labeled this area as the “TARGET,” and a circled point indicated the projected location of a potential reversal. Could this zone become the next pivot for a major upside move?

A curved projection extended sharply upward from that level. It outlined a path toward $3.4825, which equaled a 250.62% rise in 105 days, and the move stretched further toward $4.8720 by May 18, 2026.

The analyst also noted that XRP bounced from the lower boundary of the ascending channel on the two-day chart. The remark aligned with projected steps toward $2.30, $2.60, $3.00, $3.57, and $4.10.

Intraday Action Shows Momentum Loss

XRP attempted to hold the $2.07 support zone across the session. The tape showed repeated lower highs, signaling weakening buyer control across several attempts to recover lost ground. Volume rose on each rejection from $2.11 to $2.13. The behavior showed increasing pressure near overhead resistance, with sellers reacting strongly to each short-term retest.

A decisive shift came in the final trading hour. The $2.07 XRP support level failed, and volume expanded sharply. Another burst at 03:24 GMT pushed XRP near $2.00, confirming the continuation of the move lower.

Momentum readings pivoted into a bearish stance. RSI moved downward from mid-range, and MACD went deeper into negative levels. The former support at $2.07 has now become immediate resistance as the structure has changed.

XRP Price Action Summary and Forward Levels

XRP price fell from $2.20 to $2.10, with trading covering a $0.13 range that generated nearly 6% volatility. Reclaim attempts near $2.11 stalled repeatedly as volume weakened and momentum rolled lower.

At 19:00 UTC, volume increased to 94.0M, which exceeded typical levels by 68%. The rejection at $2.13 confirmed that the market had entered a continuation phase after earlier pressure signals.

Later declines pushed XRP toward $2.09 as another volume spike topped 1M in a single minute. Price then settled in the $2.10 to $2.12 range, sitting below all intraday resistance. XRP now trades near a decisive technical point. The loss of $2.07 opened a direct route toward $2.05, and a further break could expose the $1.90 to $1.97 demand region noted by analysts.

ETF inflows stayed firm, yet institutional spot demand did not shift the near-term trend. A move above $2.07 and $2.11 with rising volume would be the earliest indication of regained momentum.

A strong reaction from $2.05, combined with a reclaim of $2.11, would signal a return of buyers. Failure to do so could pull XRP toward the November lows and extend the current cycle into December.

Also Read: Will XRP Price Break Out Soon? Check the Signs of a Potential Rally

Conclusion

XRP approaches a critical support zone after breaking below $2.07, and its weekly chart signals a deeper pullback before any potential recovery. Traders now watch $2.05 and $2.11 as decisive levels that may shape the next major move. Close monitoring of volume and structure remains essential.