XRP is trading near a critical technical level that could define its next significant move. The digital asset has dipped to $2.30 and is approaching the $2.25–$2.26 support zone, closely monitored by market analysts.
According to crypto strategist CasiTrades on X, this support range aligns with the macro 0.382 Fibonacci retracement level. Supporting its significance in recent months, it has provided a backbone during the periods of volatility we have seen in markets.
The recent price drop is due to broader market reactions caused by more news on macroeconomic issues, including headlines about tariffs that triggered fast selling. XRP refused the chance to grow at the top of its C wave and lost support at near-higher prices.
CasiTrades’ hourly chart shows that XRP fell through a symmetrical triangle. This bearish breakout increases the likelihood of the $2.25 zone being tested soon, as key momentum indicators confirm the bearish outlook.
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The Relative Strength Index (RSI) reveals a bearish divergence, with lower highs on the RSI contrasting with equal or slightly higher price highs. This signals weakening buying interest before the breakdown occurs, suggesting bears are gaining control.
The $2.25–$2.26 support area is now a crucial line in the sand for XRP. Should bulls hold this level, the asset could target $2.70 next. This resistance sits above the 0.236 Fibonacci extension and could challenge recovery efforts.
Source: CasiTrades
If the support fails, deeper retracement levels become clear. The next significant support is near $1.90, aligning with the 0.5 Fibonacci retracement level. A further decline could push XRP toward $1.55, the bottom of prior consolidation zones.
CasiTrades emphasized the importance of these levels, noting their past relevance and potential to resurface if bearish momentum continues.
XRP faces mounting pressure as it tests the $2.25 support zone. The asset’s immediate future depends on whether bulls can defend this level or if a deeper correction is imminent.
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The post XRP Breakdown Looms as It Tests Crucial $2.25 Support Level appeared first on 36Crypto.
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