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XRP faces renewed pressure after breaking below a key support zone while the broader market reacts to strong Bitcoin-driven volatility. The weekly candle closed without direction, and the monthly candle has turned bearish.
XRP and X3RBT also ended the week without a clear structure, showing slightly lower prices as Bitcoin weakened. XRP is trading inside the $2.00–$2.20 support zone, which remains a critical area for short-term stability. Traders now watch how XRP reacts near $2.00 as deeper volatility tests the market.
XRP fell sharply during intraday trading after tracking Bitcoin’s decline. Price movements remained choppy through the session, and the $2.00 zone became the main focus. Traders expect further weakness if XRP loses that level. A move above $2.77 could open the path toward the next resistance.
The chart shows XRP trading below a descending trendline that stretches from earlier multi-month highs. A major breakout level sits at $3.65, identified as the point that could unlock a rally toward $4.60–$4.70. A separate target between $4.80 and $5.00 sits above it and remains the next major technical objective.
Support areas appear at $1.72 and $1.50. XRP now trades near the $2.00–$2.10 zone and may retest the descending trendline in December. This raises one key question: Can XRP reclaim momentum before deeper downside tests the lower demand band?
Short-term sentiment shifted as institutional flows weakened while ETF demand failed to offset heavy sell-offs across derivatives markets. Large-lot selling continued through the afternoon session as liquidity thinned across other crypto benchmarks. As a result, the breakdown below $2.16 confirmed a clear rejection of the recent consolidation structure.
The $2.16 level served as a pivot during the last three weeks. Losing that level showed that sellers had gained control again. XRP then slipped back into a descending channel marked by lower highs at $2.38, $2.30, and $2.22. Each bounce produced a smaller follow-through, shaping a structure controlled by sellers.
Trading volume reached 309.2M, which stood at more than four times the rolling average. This volume often suggests institutional exit flows across major spot and derivatives markets. Traders observed repeated intraday retests of $2.05, each producing spikes above 3M in volume. Buyers protected the $2.05 level, yet no reversal pattern formed.
Momentum indicators now show short-term oversold readings; still, they do not confirm a completed corrective wave. The $2.05–$2.00 zone remains vital. Losing that area exposes the wider November demand band between $1.80 and $1.87.
XRP trades under growing pressure as it slips below key support and returns to a bearish channel. Volume spikes signal strong selling, while the $2.00 zone acts as the final barrier before deeper losses. Traders now watch whether XRP can reclaim structure or risk further declines. Stay alert for decisive moves.
Read More: Bitcoin Price Plunges 6.5% to $85,857, Solana Tanks 7%, XRP Drops 7.6%
