Ripple’s cryptocurrency, XRP, faces significant resistance levels while experiencing over a 2% decline in the past 24 hours. In contrast, the altcoin has risen by more than 5% on a weekly basis, showing signs of weakness alongside Bitcoin’s (BTC) downturn. As Bitcoin $81,682 trades below $96,000, most cryptocurrencies in the top 10 have entered the red zone. The future price trajectory of XRP remains uncertain, heavily influenced by Bitcoin’s movements.
XRP Price Analysis and Commentary
Experts indicate that XRP closely follows Bitcoin’s price trends. As Bitcoin declines, XRP also exhibits a weak outlook. If the resistance level between $2.58 and $2.73 is not breached, the price may experience further declines. A daily candle close for XRP below $2.58 could reinforce this level as resistance once again.

Nonetheless, if a dip region above previously observed lows forms, a positive outlook may persist. The support level between $2.25 and $2.30 is critical for XRP’s potential rise. A break below this support could see the price drop to $2.
Moreover, smaller support areas for the altcoin also exist. If the region between $2.46 and $2.47 transitions from previous resistance to support, it could provide XRP a temporary respite. Price movements at these levels could be decisive for XRP’s short-term trend.
Short-Term XRP Price Movements
Currently, the bearish trend in XRP’s price remains intact. This ongoing trend may push the price closer to local lows. Approaching the oversold zone on 2-hour charts could introduce the possibility of a temporary recovery soon.
However, XRP may need to drop slightly more before finding support. In the short term, the price is expected to exhibit volatile and sideways movement. The risk of decline will persist until significant bearish indicators are invalidated. Therefore, it is crucial for traders to monitor key support levels closely.