Ripple price broke above the critical support level of $2, refocusing on its stability in a tight trading zone between $1.76 and $1.80, which is currently the last structural support zone for the upward trajectory. As momentum wanes and sellers continue to dominate the market, XRP’s next price movements will determine whether this zone is the starting point of a recovery or the start of a deeper correction.
Currently, Ripple price is positioned near $1.92, representing one of the most pressured positions in recent months.
Growing market pressures
Ripple coin price predictions remain unpromising as long as it remains stable below the $2.06 barrier, as its recent movements have formed a clearly defined descending channel since August, during which all attempts to cross the descending trendline failed, thus reinforcing the structure of gradually descending highs and exposing the price to continued bearish pressure. The recent failure of price to regain its position above the 20-day exponential moving average (EMA-20) indicator and the breakdown of the $2.06 support level as sellers continue to take the lead.
Trading candlestick patterns are also starting to reveal pressure points; Over the course of several sessions, Ripple’s price movements formed trading candles with elongated tails and short candles, a clear indication of slowing selling pressures as the price approached an extended and strong demand range.
Indicators illustrate this change. The relative strength index (RSI) at 30 reflects the currency going through an oversold wave, and the recent flattening of its bearish trajectory suggests the possibility of an early divergence if buyers intervene.
Ripple Price Prediction: Why is $1.80 a Critical Level?
The $1.76-$1.80 range is of critical technical importance for three reasons:
- It served as a critical base of support during recent waves of relative stability that lasted several weeks.
- This corresponds to recurring historic rally zones on trading ranges in 2024.
- It represents the minimal structure of the current descending path
If buyers manage to push the price towards stability above, Ripple price could reverse its downward trend, which is the first positive sign since September. The price may be able to retest the $2.21 level if it manages to rebound from this range, or even the $2.57 range, which the selling pace accelerated by breaking earlier this month.
On the other hand, price breaking through the $1.76 support level could reveal its aim to continue the correction towards $1.55 and perhaps $1.36, where previous liquidity pools stabilize.
Recovery Scenarios and Suggested Trading Setups
A sustainable rebound requires clear evidence of buyer engagement, and the most reliable signals include:
- A bullish reversal candle forms after touching the support range
- Restoration of broken support level of 2.06 and daily close above
- Breaking the barriers of the downtrend lines and the EMA-20
For new traders, a favorable investment situation typically emerges following the formation of a classic reversal pattern, allowing a trade to be opened if price action forms a promising hammer or bullish engulfing candle after touching $1.80, with a stop loss below $1.76 and staggered sell orders placed at $2.21, $2.57 and $3.12.
If the general mood stabilizes, a reversal in Ripple’s price could allow it to retest the $3.64 resistance barrier in the medium term, especially if liquidity rates recover and the currency regains institutional investment. Under this scenario, investment recycling into alternative currencies could provide additional opportunities, including new currencies moving through subscription stages and seeking to benefit from improved risk appetite.
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Post Ripple (Ripple-XRP) price expectations after losing the $2.00 support level, and why did the $1.80 level become the last line of defense? appeared first on Cryptonews Arabic.