As the crypto market recovers from the latest pullback, XRP is attempting to climb up from its recent lows. Some analysts have suggested that the cryptocurrency must defend its current levels or risk a 50% drop to levels not seen since 2024.<\/p>\n
Amid the start-of-week market correction, XRP recorded a 6% drop toward its lowest level in weeks. The price lost $2.00 support on Monday morning and continued to lose key levels despite uninterrupted institutional interest.<\/p>\n
The cryptocurrency has been trading within the $2.00-$2.25 price range over the past month, only losing its lower boundary during the late November pullback. Monday\u2019s correction<\/a> sent the altcoin below the range\u2019s lower support again, hitting a multi-week low of $1.88 before bouncing around an area that has been crucial for the past year.<\/p>\n Notably, XRP has bounced from the $1.85-$1.90 support zone after every major correction since the November 2024 breakout, climbing back above the $2.00 level each time. However, some market observers have suggested that the price risks a significant correction if it is unable to hold the current levels.<\/p>\n Ali Martinez pointed<\/a> out that the cryptocurrency has fallen below its one-year price range, between the $1.92-$3.27 levels, which could lead to a 50% drop below this area. To the analyst, XRP\u2019s price must secure a daily close above $1.92 to prevent a drop to the $1.00 support, which has not been seen in over a year.<\/p>\n Similarly, Cheds Trading affirmed<\/a> that XRP is \u201cflirting with a high time frame breakdown.\u201d Per the chart, the altcoin appears to be forming a high-timeframe rounding top or double top pattern with a higher high.<\/p>\n The analyst noted that in the case of the latter, the M formation would be confirmed if the $1.88 level, where the pattern\u2019s neckline is situated, is lost. This could lead<\/a> to a \u201cmeasured move to roughly [the] MA 200 area\/$1.00 range.\u201d<\/p>\n Despite the warnings, other market watchers shared a positive outlook for XRP in the coming months. Trader Niels affirmed<\/a> that the leading altcoin is \u201clooking good\u201d at the current levels.<\/p>\n According to the post, the cryptocurrency is \u201csweeping the $1.8 support zone again\u201d while showing a bullish divergence on the daily timeframe, which suggests that the price could soon move to higher levels<\/a>.<\/p>\n To the trader, once XRP breaks above $2.20 resistance, it could surge 27%-37% towards the $2.80-$3.00 area \u201cwithin a month.\u201d<\/p>\nPrice Ready For 2026 Markup Phase?<\/h2>\n