What Next For XRP as Bitcoin Loses $90,000 Level Again

Core Viewpoint - XRP experienced significant selling pressure, breaking through the critical support level of $2.10, indicating potential for further declines in the near term [1][5]. News Background - XRP traded within a volatile range of $2.03 to $2.15 as the broader crypto market faced macroeconomic pressures [2]. - A sharp bounce from $2.03 was noted with a 28% surge in trading volume, suggesting active dip-buying before momentum waned [2]. - Multiple attempts to reclaim the $2.14 to $2.15 zone were unsuccessful, capping upside potential [2]. - Market sentiment remains fragile, influenced by Bitcoin's death-cross and significant ETF outflows impacting altcoins [2]. - Institutional trading activity decreased sharply in the final trading hour as XRP fell below the $2.10 support level [2]. Price Action Summary - XRP declined by 1.0% from $2.13 to $2.11 over the latest 24-hour session, navigating a choppy range [3]. - Initially, XRP showed resilience against broader market weakness, but bullish momentum gradually deteriorated [3]. Significant Volume Movements - A notable volume spike of 177.9 million, 28% above the 24-hour average, occurred at 21:00 UTC, aiding a rebound from $2.03 [4]. - However, recovery attempts stalled at the $2.14 to $2.15 resistance band, leading to a pattern of lower highs as sellers absorbed breakouts [4]. Technical Analysis - The chart structure for XRP has shifted to a bearish outlook, with breakdown signals evident across intraday timeframes [6]. Support & Resistance Dynamics - The breach of the $2.10 support has turned it into immediate resistance, while the market is now focused on the cycle low at $2.03 [7]. - The inability to reclaim the $2.14 to $2.15 zone keeps the near-term ceiling well-defined, with risks skewed to the downside [7]. Volume Behavior - The surge of 177.9 million during the rebound confirmed strong market participation, but the lack of follow-through volume indicated exhaustion [8]. - The final-hour breakdown occurred on 4.4 million units in a single interval, triggering algorithmic momentum selling [8]. Trend Structure - XRP is now exhibiting a clear sequence of lower highs and lower lows, consistent with early-stage continuation structures that often precede retests of major swing supports [9]. - The broader trend remains under pressure from an unresolved medium-term downslope that began after repeated failures above $2.48 [9].