Ripple’s native cross-border token has seen a decline to $1.93 after failing to sustain itself above $2. This recent downturn has raised concerns about potential further declines, while some technical indicators suggest future trends could shift.

XRP Stalls Below $2 as Support Weakens

XRP lost its upward momentum shortly after reaching above $2, with sellers quickly stepping in. The former support level of $2 has now turned into resistance, hindering any further gains. Currently, XRP is positioned around $1.93, with $1.90 acting as immediate support. A fall below this could lead to further losses, whereas a stable rise past $2.05 would be crucial for recovery.

The MACD on the weekly chart indicates signs of compression, with the histogram bars diminishing, hinting at a possible momentum shift in the near future. Technical analyst ChartNerd shared that:

“$XRP could be a few weeks away from forming a bullish cross on its weekly MACD and breaking its descending resistance.”

XRP Price Chart 1.20
Source: ChartNerd/X

Although historical data suggests that past crossovers have led to significant upward movements, XRP has consistently traded below its long-term descending trendline. For a significant upward push, a confirmed breakout above this trendline is essential.

Analysts Caution on Weak Buyer Support

Earlier this month, XRP saw a peak of $2.41, reflecting a 30% rise since the start of the year, yet it was unable to maintain this level. Market analyst Dom noted:

“The order flow analysis showed no strong buyer support and rather a push that was possible due to low liquidity.”

Since the peak, XRP has decreased by 18%. Dom has observed XRP testing the $1.80 zone multiple times, describing it as a final strong support. A breach below this level may initiate more significant losses, and the asset must stabilize above $2.05 to regain footing.

Furthermore, other crypto assets are being impacted by escalating tensions between the U.S. and the EU. Recent military activities involving EU nations in Greenland resulted in the U.S. imposing tariffs, creating additional pressure on risk assets, including digital currencies.