XRP Risks Deeper Correction if This Key Level Breaks

Source: CryptoDaily Original Title: XRP Risks Deeper Correction if This Key Level Breaks Original Link: XRP is showing signs of renewed weakness after underperforming the broader crypto market. A failed breakout attempt and the loss of a key support zone have shifted short-term structure back in favor of sellers, increasing the risk of a deeper pullback.

XRP Breaks Below Key Support

XRP declined 2.85% to around $2.12, failing to sustain momentum after a brief bullish attempt. Price action broke below the $2.05–$2.10 support zone, an area that had previously acted as a base for continuation.

This move followed a failed breakout from a bullish descending triangle pattern. Once upside confirmation failed to materialize, selling pressure accelerated, pushing XRP back into a vulnerable technical position.

Momentum indicators do not yet suggest exhaustion. The 7-day Relative Strength Index currently stands at 61, indicating that XRP is neither oversold nor positioned for a technical bounce based on momentum alone.

This lack of oversold conditions leaves room for further downside if sellers continue to press price below nearby support levels.

XRP Key Levels to Watch

The immediate support to monitor is $2.02, which aligns with the 61.8% Fibonacci retracement. A sustained close below this level would confirm a breakdown of the current structure and could open the door to a deeper correction.

If $2.02 fails to hold, downside risk extends toward the $1.80 area, which represents the next major support zone on the chart.

On the upside, resistance sits near $2.26, corresponding with the 23.6% Fibonacci retracement. Reclaiming this level would be required to neutralize near-term bearish pressure and stabilize price action.

XRP Price Outlook

XRP’s failure to hold above the $2.05–$2.10 zone has weakened its short-term outlook. With momentum still elevated and no clear oversold signal, the risk of further downside remains. A confirmed break below $2.02 would likely validate a deeper correction, while bulls must reclaim $2.26 to regain control of the structure.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.