XRP Faces Continued Downtrend as Price Nears Key Support Levels

XRP continues its downward trend as buyers fail to sustain recent market growth, according to CoinStats data. The popular altcoin is down 2% in the last 24 hours and has declined by 3.95% over the past week, signaling growing bearish sentiment.

Despite a bullish close yesterday, XRP’s hourly chart remains weak. If momentum doesn’t shift soon, the price may dip toward the $2.05 support zone. The bearish outlook becomes more apparent on higher time frames, where bulls have struggled to maintain control.

If the daily candle closes below $2.10, the market could face a deeper correction targeting the psychological $2.00 level. This area has previously acted as a key support and could determine XRP's next move. On the weekly chart, the overall structure suggests a potential continuation of the downtrend. A confirmed breakdown below $1.90 would open the door for a further decline toward the $1.70-$1.80 range.

XRP remains a closely watched asset among crypto traders, but without stronger buying pressure, it risks revisiting lower price levels. Traders and investors should monitor daily closes and support zones carefully to assess short-term market direction.

At press time, XRP is trading at $2.09. The next few sessions will be crucial in determining whether the bulls can regain control or if bears will push the price lower.