XRP Price Prediction: $2 Support Under Pressure — Will the 20-Month EMA Trigger the Next Rebound?
The post XRP Price Prediction: $2 Support Under Pressure — Will the 20-Month EMA Trigger the Next Rebound? appeared on BitcoinEthereumNews.com.
XRP is approaching a critical juncture as it hovers near the $2 support level while testing its long-term 20-month EMA, a key gauge of market trend health. Traders and institutional investors are closely observing these levels, as historical behavior around this EMA has often preceded notable price moves. Despite a 3.35% pullback over the past 24 hours, XRP’s technical structure and on-chain metrics suggest accumulation pressures are in play. If support holds, XRP could stabilize, but a breach below the $2 level might prompt further short-term weakness. XRP Faces Key Technical Levels Technical analyst ChartNerd (@ChartNerdTA), known for long-term XRP/USD pattern analysis, notes that XRP is sitting on a flipped support/resistance trendline near $2.01 and is testing the 20-month EMA at $1.93. Historically, retests of this EMA have preceded upward moves, signaling potential bullish continuation if support persists. ChartNerd emphasized, “Hold the line!” as XRP navigates this level, highlighting its relevance in past market cycles. XRP tests the monthly 20 EMA at $1.93 on its flipped S/R trendline, signaling a critical support level. Source: @ChartNerdTA via X TradingView analyst DeGRAM, who specializes in structural pattern analysis, observes that XRP is forming a bullish base between $1.98 and $2.03. Multiple rebounds from this zone confirm strong demand, and recent price stabilization after a capitulation wick suggests that XRP may begin building higher lows. If this scenario holds, DeGRAM identifies potential recovery targets near $2.06–$2.09, contingent on buyers regaining short-term control. From our own analysis, this support zone is particularly important in the current macro and liquidity context. XRP’s repeated rejections of lower levels indicate that market participants are willing to step in near $2, creating a concentration of buying interest that could define near-term price dynamics. Accumulation Signals Highlight Supply Scarcity On-chain data from CryptoQuant shows that over 1.32 billion XRP…
