The price of XRP has been under pressure lately, with the token stuck in a bearish trend. The price recently broke under an important support zone, and although it found temporary support between $ 2.10 and $ 2.20, the total momentum remains weak.
Short -term attempt
In the short term, XRP tries a small leap from this support area. If the price manages to climb, it is first confronted with resistance around $ 2.30 to $ 2.34. A stronger resistance level is higher at $ 2.44, with a large resistance between $ 2.55 and $ 2.62. But so far no clear signs of a strong recovery on the charts have appeared.
Potential bearish pattern formation
There is also a risk that a main and shoulder pattern formation, a classic bearish signal that the price can push lower if it completes. For now this pattern has not yet been confirmed – but traders have to look forward to it in the coming days.
Main support levels to view
Looking at the disadvantage, if XRP is not above $ 2.10, the following support would be almost $ 2.05 and then at $ 2.00. A decisive decrease of less than $ 2.00 can send the price to $ 1.80, a crucial level of support.
What should happen for a bullish shift?
The general market mood is still cautious. While XRP shows short -term drawing of trying to stabilize, the trend bearish remains unless it can break from $ 2.21 to $ 2.28 above the resistance zone. If that happens, it would be the first hint that bulls try a comeback.