XRP Faces Increased Pressure: Analysts Predict Further Setbacks for Investors
XRP shows signs of struggle as it dips below key support levels, raising concerns of further price declines.
XRP is currently trading at approximately $1.93, having fallen around 10% in the last 24 hours and nearly 16% for the week. With a previous high of $3.65 in July 2025, XRP is feeling pressure as it drops below the $2.00 mark, supported by an increase in selling activity.
Shift in Market Momentum
Analysts from Alpha Crypto Signal confirmed a breakdown below a crucial support level on the 4-hour chart, indicating a surge in selling volume.
“As long as price stays below this broken trendline support, the bearish bias remains intact.”
XRP is now under both the 20-period EMA and 50-period SMA, showing no signs of immediate recovery.
XRP Chart
Source: Alpha Crypto Signal/X
Monitoring Key Price Levels
ChartNerd highlighted that XRP is at a crucial point, resting on the 20-month EMA at $1.90—a level pivotal in past cycles. This support must hold to avoid further decline.
“We MUST see November close out above this key moving average, or down we go kids.”
Failing to maintain this level could reset the price trajectories.
Meanwhile, crypto interest remains in focus as the Bitwise XRP ETF recorded $26 million in trading volume on its first day, stimulating market activity amidst transactional volumes from significant stakeholders.
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The market remains cautious, waiting for strong buying signals to reclaim higher levels.
