XRP is currently priced at around $1.88, having breached a significant support level that had been maintained throughout the year. This drop places the cryptocurrency under scrutiny as traders observe the weekly candle’s closure.

Over the last week, Ripple’s token has experienced a decline of nearly 8%. The daily trading volume stands at over $3.4 billion, with a price decrease of about 2% in the past 24 hours.

XRP Breaks Below Significant Support Zone

For the first time this year, XRP has fallen below its multi-month support trendline. This zone had previously served as a launch point for multiple substantial recoveries earlier in 2025.

Despite this recent downturn pushing prices below $2, analysts identify this as a technical breakdown. As noted by ChartNerd:

$XRP is sweeping below its multi-month support trendline. It must reclaim this level by this week’s candle close or risk deeper water. Bulls have to step in soon 😤

Pattern Breakdown or Setup for Recovery?

Veteran trader Peter Brandt has pointed out a potential double-top formation in XRP’s weekly chart, warning that failure to regain the $2 level could lead to a further decline towards $1. Nevertheless, the Relative Strength Index (RSI) is near 37 on the weekly chart, often indicating a range for short-term rebounds.

Historical Signals and ETF Interest

According to Steph Is Crypto, XRP has previously shown strong rallies after prolonged periods below the 50-week simple moving average. Using historical data from past cycles in 2017, 2021, and 2024, he emphasized that XRP typically spent between 49 to 84 days under this average before seeing rebounds ranging between 70% to 850%.

Institutional interest continues to rise, with spot XRP ETFs reporting net purchases of $19 million, showcasing the market’s ongoing investment despite fluctuations. For XRP to regain momentum, it needs to surpass the recent high of $2.27 recorded last November, while the next significant support level is near $1.