XRP Alert: Key Support Levels at $2 and $1.20 Identified by Market Analyst

XRP bulls are eyeing the charts as analysts map out critical price floors.

The $2 Lifeline

Market watchers have flagged the $2 zone as a major battleground. A hold here suggests institutional confidence—a break below signals trouble. It's the level where long-term believers are expected to step in, wallets ready.

The $1.20 Safety Net

Further down lies the $1.20 support, viewed by many as a stronger foundational base. This isn't just a number; it's a psychological anchor. If tested, the reaction could define the medium-term trend—will it bounce or crumble?

Remember, in crypto, 'support' is just a fancy word for 'hope with a spreadsheet.' The real test comes when the bids get hit.

$2 Emerges as the Key Support to Hold

The latest analysis by Ali identifies the $2 level as the most important support zone for XRP. This area has been a strong defense in the corrective phases of the asset, presenting a clear entry point for buyers and averting deeper breakdowns in the markets.

Ali’s chart highlights that the XRP is, at the moment, close to this level after a multi-month downtrend. Chances are that bulls will once again try to defend this region.

Below $2, the Next Major Support Lies at $1.20

Should XRP fail to hold above $2, Ali identifies $1.20 as the next major support level. That zone represents a high-volume, high-interest range where long-term holders previously accumulated XRP.

A drop towards $1.20 WOULD signal a deeper correction but also present what some analysts call a “generational entry”, as noted in the replies to Ali’s post, especially if the broader market conditions stabilize.

Market Outlook: Tracking Trend, Resistance, and Support Levels

XRP currently has a market capitalization of approximately $131.11 billion, with a trading volume of about $4.23 billion in the last 24 hours. At press time, the altcoin is trading at $2.17, having increased by 1.15% over the past 24 hours.

The price is moving in a bullish trend and is currently testing a resistance level NEAR $2.1556. If it breaks above this, the next target could be $2.5000. On the downside, the support level is around $2.0361. If the altcoin falls below this level, we might see a drop towards $1.5000.

The blue line indicates the resistance level at $2.1556, while the yellow line represents the support level at $2.0361.

Price Structure Indicates a Macro Pullback

The chart shared in the post showcases: A clear multi-month decline from local highs. A retest of lower trendline zones. XRP approaching levels not seen since earlier in the year.

The pattern indicates a controlled macro pullback, not a collapse, aligning with common behavior in pre-breakout or consolidation phases in large-cap altcoins. While sentiment across the crypto market remains cautious, analysts argue that XRP’s current retracement is healthy and expected.