XRP Price Outlook: Can It Reclaim $2 or Is Further Decline Ahead?

XRP is currently navigating a sustained downtrend, with price action reflecting persistent selling pressure and weakening momentum. After failing to hold above the $2 mark earlier in the cycle, the asset has since dropped into a consolidation zone between $1.20 and $1.30 — well beneath key resistance levels that previously offered support.

The broader chart structure tells a bearish story. A consistent sequence of lower highs and lower lows confirms that the dominant trend remains negative. Although a short-term ascending support line briefly formed, its rapid breakdown signals that even minor recovery attempts are struggling to gain traction. Adding to the bearish case, XRP trades below its 50-day, 100-day, and 200-day moving averages, all of which are sloping downward — a classic confirmation of a weakening asset.

On the resistance side, the $1.35–$1.40 range has emerged as the nearest overhead barrier. Price recently failed to break above this zone, printing yet another lower high in the process. Until XRP can decisively reclaim this area, any upside move is likely to face significant headwinds. To the downside, $1.20 is acting as near-term support, though repeated tests of this level increase the probability of a breakdown toward the $1.00–$1.10 range.

Trading volume remains relatively subdued, and the RSI sits in neutral-to-weak territory with no clear bullish divergence — two indicators that suggest buying interest has yet to materialize in any meaningful way.

A return to $2 remains a distant possibility rather than a near-term probability. Achieving that target would require a decisive structural breakout above $1.50–$1.60, a recovery of key moving averages, and a broader crypto market upswing. Until those conditions align, XRP appears more likely to continue consolidating or gradually declining rather than staging a meaningful rally.