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$XRP has moved lower again, slipping below $1.89, as weakness across the broader crypto market continues. The drop comes amid rising uncertainty ahead of global economic events, including U.S. non-farm payroll data and growing expectations of a Bank of Japan interest rate hike, both of which have pressured risk assets.
Bitcoin and other cryptocurrencies have also traded lower, adding to the selling pressure on $XRP.
$XRP Slips Below Short-Term Support
The drop to $1.89 shows that an important short-term support level has been lost. However, analyst Casi Trades says this alone does not confirm a full bearish breakdown.
On higher timeframes, attention remains on the $1.97 area, which is viewed as a critical level for maintaining $XRP’s broader structure. As long as this level is not decisively broken on a daily close, the risk of a deeper sell-off remains contained.
Downside Levels to Watch
If $XRP fails to reclaim the $2.03 level, which previously acted as macro support, selling pressure could persist. A confirmed break below $1.97 would strengthen the bearish case and could open the door to a move toward $1.64, the next major support zone.
Is a Short-Term Bounce Still Possible?
Despite the recent dip, the analyst points to slowing downside momentum and short-term bullish divergence signals. These often support brief relief rallies if overall market conditions stabilize.
For any meaningful recovery, $XRP would need to move back above $2.03 and hold that level as support. A successful reclaim could allow a retest of resistance near $2.14–$2.16.
What Happens If $XRP Turns Higher?
If market sentiment improves and $XRP breaks above its next major resistance near $2.41, the outlook would turn more positive. In that case, price targets around $2.75 to $2.90 could come into focus.
However, the broader market environment remains fragile, and $XRP’s next move might depend on macro signals and overall crypto sentiment.