XRP Price Recovery Rejected Again, Can It Avoid Falling Below $2?
XRP price is struggling amid market deterioration, holding above critical $2.03 support despite significant long liquidations near $2.02.Summary
XRP's price recovery attempts have been rejected as broader crypto market conditions worsen, keeping the token under pressure near $2.06. Liquidation data shows significant downside risk, with a dense cluster of long liquidations around $2.02 (about $25.4 million), which could amplify selling pressure if breached. Conversely, on-chain data indicates improving underlying demand, evidenced by net outflows from exchanges, suggesting investors are accumulating XRP into private wallets rather than preparing to sell. The immediate critical support level is $2.03; holding this level, defended by continued accumulation, could allow XRP to bounce toward $2.10 and break its downtrend. However, a decisive break below $2.03 would invalidate the bullish outlook, trigger liquidations, and potentially push the price down toward $1.93.
(Source：BeInCrypto)