Category: general

The post XRP price eyes $2. 00 as rejection confirms growing weakness appeared com. XRP price selling pressure after a strong rejection from $2. 72 resistance, with price now trending lower toward $2 support as momentum weakens below the 200 EMA. Summary XRP rejected at $2. 72 resistance aligned with the 200-day MA. Price trends toward $2 support amid declining momentum. Consolidation likely between $2. 00 and $2. 72 before next directional move. XRP (XRP) price has entered a corrective phase after failing to break through the $2. 72 resistance zone, a highly technical level reinforced by the 200 EMA. The rejection from this confluence area has shifted market sentiment bearish, with price now trending toward the $2 support, a level that has not been retested since the last major rally. The current setup suggests that XRP is likely to trade within a defined range between $2. 00 and $2. 72, as the market consolidates and absorbs recent volatility before deciding its next directional move. XRP price key technical points Major Rejection: Price failed to break the $2. 72 resistance level, aligned with the 200 EMA. Critical Support: $2 remains the next key high-timeframe support to defend. Range Formation: Price likely to consolidate between $2 and $2. 72 before next breakout. 72 resistance region represents a major pivot zone for XRP. The confluence of this level with the 200 EMA made it a significant area of supply, and the recent rejection confirms that sellers remain in control around this region. RP has slipped below the 200 EMA which increases the probability of a continuation move toward $2. 00. This support zone marks a structurally important level that served as the base of the last impulsive rally. Despite the bearish tone, there remains a potential for range development if price can stabilize at or above $2. A period of sideways movement between $2. 00 and $2. 72 could emerge, providing time for momentum to reset before the next major expansion.