XRP is now trading below $2 mark for a few days in a row – first time since April. Aside from a brief panic-driven dip earlier this year, the token has held above $2 for most of 2025, even reaching above $3 multiple times. The current move signals a shift in short-term momentum, with key technical levels now being tested.
The breakdown follows a 6.8% weekly decline and a loss of the 61.8% Fibonacci retracement at $1.99. Price is now sitting near the lower Bollinger Band at $1.85, while RSI(7) and MFI are both in oversold territory, at 29 and 28, respectively. The broader RSI(14) has also dropped to 35, suggesting momentum has weakened significantly.
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Can the $2 Level Be Recovered?
The $2 level has acted as a psychological and technical anchor for most of the year. Reclaiming it would be the first signal that selling pressure is easing. The next resistance lies at VWAP near $2.44, which has rejected every rebound attempt since late November. It is also still below the middle Bollinger band:
If selling continues, the 78.6% Fibonacci retracement at $1.67 may come into focus as the next major support zone. Whether XRP can avoid that level will depend on whether current oversold signals turn into actual buying volume, or if short-term traders continue to exit.
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Conclusion
XRP’s drop below $2 marks a shift in its recent trading structure. Technical indicators suggest a rebound is possible, but confirmation would require reclaiming $2 and building momentum above VWAP. Until then, the risk of further downside remains in play.
