The cryptocurrency market has faced significant challenges in recent days, with Ripple’s token suffering alongside it.

Despite the recent spike when XRP surged to a high of $3.65, it has now retracted nearly 40%, reflecting a troubling trend as it loses its position among the top cryptocurrencies.

According to the latest analysis by ChatGPT, the sentiment surrounding XRP is notably pessimistic, suggesting a market shift away from slower assets like Ripple’s token. Predictions indicate potential resistance levels at $2.20 and $2.10, which could inhibit its price from falling further to the $2 level, although some analysts feel a drop to that figure is imminent. If XRP does breach this level, stronger support might be found at the price established during the spring of 2025.

Should an unlikely price recovery occur, the first targets would be at $2.40 to $2.50, with a stronger resistance point at $2.80.

Additionally, after a 19% drop over the past week and a 24% decline over the month, confidence in a bullish turnaround is waning. ChatGPT has assigned a 45%-50% possibility of further bearish trends in the coming week, emphasizing the need for XRP to maintain its price above $2.00 to avert another plunge to $1.60.

Highlights:

• Current state: XRP has seen substantial declines in the past week.
• Future projections: Expect continued bearish trends with an emphasis on price stability.
• Resistance points: Key levels to watch are $2.40 and $2.80.

“The momentum and sentiment favor a bearish outlook, yet the asset appears technically oversold. Expect a mild downward trend early in the week, with potential stabilization around $2.00 unless substantial developments arise.” (Translation: More declines are likely unless significant improvements or announcements from Ripple occur.)

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