Ripple Strong Buy Zone at $2, as XRP Price Rebounds 15% Off Support Again

MARKETS TREND

Ripple coin sank below $2 earlier today as the crypto sentiment deteriorated, but the XRP price bounced to $2.20, facing the resistance level which used to act as support.

Ripple XRP Chart Daily
Ripple XRP Chart Daily

XRP Finds Strong Buying Interest at $2

The cryptocurrency market has been under pressure for the past two months, with Ripple (XRP) repeatedly testing the $2 support level several times. Despite increasing XRP transfers, the price continues to fall back to this key level, however, buyers consistently keep stepping in at this zone.

Earlier this year, XRP surged from $0.50 to $3.40 by the end of 2024, but since then, it has been in a steady decline. However, the $2 support zone remains a major accumulation area, with price bouncing strongly whenever it reaches this level.

Trump’s Crypto Comments Spark Volatility

In early March, XRP  staged a sharp recovery from $2, climbing $1 in a single move to nearly $3, driven by optimism following Donald Trump’s remarks about key cryptocurrencies like XRP, Solana (SOL), and Cardano (ADA). Speculation grew that Ripple could be added to the proposed U.S. National Cryptocurrency Reserve, but without official confirmation, XRP quickly pulled back, mirroring broader market weakness.

SEC Case & Future Outlook for XRP

If XRP is officially included in the U.S. National Crypto Strategic Reserve, the SEC may be forced to withdraw its appeal, which would be a major victory for Ripple. Such a development could send XRP surging past its January highs.

For now, buyers must push XRP above $2.20 to regain momentum. The next few days will be crucial in determining whether XRP can sustain a recovery or faces further downside.

Would you like key technical levels to watch for a potential breakout?

Ripple XRP Live Chart

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Skerdian Meta
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Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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