XRP Price Awaits Volatility Explosion That Could Save It From Slipping Below $2

XRP's price action mirrors Bitcoin's weakness, causing it to struggle near the critical $2.00 threshold. Investor sentiment, measured by the Net Unrealized Profit/Loss (NUPL) indicator, has entered the Fear zone for the first time in over a year, suggesting significant unrealized losses, which historically can precede accumulation.

Technically, the Squeeze Momentum Indicator shows a tightening squeeze that has been developing for nearly a month, suggesting an impending strong directional breakout. If this resolves upward, XRP could see a sharp volatility expansion.

Currently trading around $2.06, XRP needs to hold the $2.02 support level to target a rebound toward $2.20 and potentially $2.26. However, a breakdown below $2.02 risks pushing the price toward $2.00 or even $1.94, signaling a deeper correction.

(Source：BeInCrypto)