XRP News Today: XRP's Support Level Faces Pressure Amid Analyst Disagreements on Potential Decline

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XRP News Today: XRP's Support Level Faces Pressure Amid Analyst Disagreements on Potential Decline

Bitget-RWA2025/11/23 10:40

By:Bitget-RWA

- XRP tests critical $1.90–$1.91 support zone amid intensified selling pressure, with whale dumping of 200M tokens exacerbating downward momentum. - Technical indicators show conflicting signals: Ichimoku Cloud bullish bias contrasts with RSI neutrality and bearish Fibonacci retracement risks. - Analysts split between potential 50% rebound if bulls reclaim $2.08–$2.26 levels or 55% slump to $1.00 amid deteriorating network activity and stalled user growth. - Market uncertainty amplified by Bitcoin weakness

XRP has entered a crucial support region as selling activity increases, leaving analysts divided over whether the asset has stabilized or is poised for further losses. The token recently regained the $1.96 mark—a previous resistance from 2021 that

now serves as an important support level

. Nonetheless, both on-chain metrics and technical signals indicate ongoing risks, with

some analysts warning of a possible 50% correction

down to $1.25.

Recent price movements reveal both strength and vulnerability. XRP’s consolidation above the $2.02–$2.06 range

corresponds with a historical order block

established during the 2021 breakout, lending statistical support to this area. However, significant whale selling has intensified the downward trend,

with nearly 200 million XRP offloaded

in just 48 hours, creating substantial supply pressure. This selling spree drove

XRP

to a three-day low of $1.91,

challenging the $1.90–$1.91 support band

XRP News Today: XRP's Support Level Faces Pressure Amid Analyst Disagreements on Potential Decline image 0

Technical analysis presents mixed signals. The Ichimoku Cloud points to a bullish tendency (with price above the cloud), but

short-term weakness is apparent

as XRP remains below both the Tenkan-Sen and Kijun-Sen. The RSI, hovering near 58, indicates the market is neither overbought nor oversold, suggesting a potential pause in momentum rather than a reversal. Fibonacci retracement levels further complicate the picture:

a move above $2.18–$2.36 could open the way to $3.00

, but losing the $2.02 level could send prices down to $1.90.

Bearish outlooks are reinforced by weakening network activity.

Daily active addresses have dropped by 91%

since mid-June, and new user growth has stagnated. These patterns highlight declining participation, adding to the strain on liquidity and price steadiness. At the same time, short-term holder data signals capitulation.

Net unrealized profit/loss for short-term holders has fallen to –0.30

, the lowest point in 2025, and a recovery is still out of reach as spent coin data shows the washout is incomplete.

Expert opinions remain sharply divided.

Some believe XRP’s underlying strength could spark a rebound

if bulls manage to reclaim $2.08 and $2.26, overturning the current bearish momentum. Conversely, others caution that further losses are possible,

with one analyst predicting a 55% fall

to $1.00 in a “capitulation” scenario. The 100-day EMA nearing the 200-day EMA also raises the risk of a bearish crossover, which could accelerate selling.

Broader market dynamics add to the unpredictability. Bitcoin’s weakness below $90,000 has increased volatility among altcoins, and institutional investment flows remain inconsistent.

Bitwise’s new XRP ETF recorded $25.7 million

in trading volume on its first day, indicating demand, but overall crypto outflows continue. Traders should keep an eye on crucial levels:

a daily close above $1.96 would break

the downward channel, while a drop below $1.90 could lead to a swift move down to $1.73.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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