Ripple Price Alert: Is XRP Headed for a $2.10 Crash Following Breakdown?

XRP teeters on the edge—will bulls step in or let it plunge?

After a failed breakout, Ripple's token faces a make-or-break moment. The $2.10 support level looms large as traders brace for volatility. Here's the breakdown:

Technical Tension Mounts

XRP's chart paints a precarious picture. Resistance held firm, and now the bears smell blood. A drop to $2.10 isn't just possible—it's becoming probable unless buying pressure materializes fast.

Market Psychology at Play

Crypto traders love drama, and XRP's giving them a front-row seat. The same 'to-the-moon' crowd that fueled its rise now watches nervously as the technicals turn sour. Typical.

Last Chance for Bulls?

Either XRP finds its footing here or risks a cascading sell-off. In crypto, sentiment shifts faster than a Wall Street analyst changing price targets. Place your bets.

XRP Price Technical Analysis

By ShayanMarkets

The USDT Pair

The XRP/USDT pair’s daily timeframe shows indecisiveness and fear amongst XRP investors, as the price has failed to continue beyond the $3.40 resistance level, while other competitors have rallied and created new all-time highs. Yet, with the $2.80 support level still intact, and the 100-day and 200-day moving averages located just below this area, the bullish structure is still in play.

Meanwhile, the RSI has been dropping rapidly since showing overbought values in July, and has recently dropped below 50. This is a clear sign of a bearish momentum shift, which indicates a probable drop toward the $2.80 support zone.

In case this level is broken to the downside, XRP creates a lower low and is likely to also go through the mentioned moving averages and experience a much deeper pullback toward the $2.10 zone in the NEAR future.

The BTC Pair

Moving on to the XRPBTC chart, things look a bit more optimistic for XRP. The asset has broken out of a multi-month descending channel following an almost vertical rally in July, also leaving both the 100-day and 200-day moving averages behind. These DMAs are now converging around the 2,400 SAT support level, creating a significant area that could potentially push the price higher once again and put an end to the recent decline.

Yet, it is noteworthy that, unlike the USDT pair, the 100-day and 200-day moving averages have not yet created a golden crossover, and with the RSI dropping below 50, the market structure is not yet fully in favor of the buyers.

So, holding the 2,400 SAT zone is more important than ever, as this level can either initiate the next rally, or its breakdown could cause a significant crash that could even pull XRP below 2,000 SAT in the short term.