XRP Breakdown: XRP Slips Below $2 After Failed Rally, What’s Next?

Core Viewpoint - XRP has slipped below the $2 level due to market reactions to Trump's tariff comments, indicating shaky confidence but not necessarily a bearish trend [1][2] Price Movement and Market Sentiment - XRP experienced a 4% drop in the last 24 hours, but trading volumes surged by 170%, indicating increased interest from both bullish and bearish traders [2] - The recent selloff suggests that the previous high was met with heavy supply, leading to a reset in price [3] Support and Resistance Levels - The primary support level to monitor is $2.00; if this level fails, subsequent support levels are at $1.97 and $1.80 [5] - Resistance levels are identified between $2.30 and $2.50, with a significant prior high zone around $3.10 to $3.30 [5] Future Outlook - A bullish scenario requires XRP to hold above $2.00, form a higher low, and reclaim the $2.30 to $2.50 zone, otherwise a deeper pullback may occur [5] - A healthier outlook for XRP would involve a push above $2.05, supported by rising volume and open interest, indicating stronger market participation [4]