XRP has seen its trading price dip below $1.90 recently. The question on many investors’ minds is whether it will recover or continue to slump in the next week.

Ripple’s token has had an eventful year, including a significant legal victory over the US SEC, but its price has struggled since reaching new highs in July. Here’s a look at what to expect:

Possible Outcomes

ChatGPT’s analysis indicates that XRP entered this period on shaky ground.

• Key Support Level: Currently, the $1.85 - $1.90 support level is critical. If it breaks below, it may slide to $1.70 or even further to $1.00, which some analysts have pointed out.
• Recovery Potential: However, if XRP can hold the support, a rise towards $2.05 - $2.15 is possible, leading to a major resistance point around $2.40.

“The $1.90 zone has held multiple times, but XRP’s inability to generate strong bounces from this region shows weakening demand. Meanwhile, volume on down days has been consistently higher – a sign that sellers remain dominant.” — ChatGPT

Expected Market Activity

Historically, the crypto market experiences lower volatility in the final weeks of the year, suggesting that XRP might trade within a range of $1.85 and $2.05. In a bullish market resurgence, it could reach the macro resistance of $2.40.

However, analysts warn that a drop to $1.70 represents a severe risk if market conditions worsen.

Conclusion

With the current lack of demand for XRP, the cryptocurrency market seems to be heading towards a consolidation zone or possibly a decline by the end of the year, unless it decisively breaks the $2.05 resistance.