XRP is hovering near critical support at $2. Analysts suggest a rebound could push it toward $2.80, but failure may open the door to short setups and deeper pullbacks.
Ripple's XRP witnessed a substantial resurgence on March 19 when the legal battle with the US SEC ended. However, the price fell afterwards, nearing the psychological level of $2.
Analysts predict that if XRP reverses from the current position, it may reach the $2.80 resistance level. A further drop below $2.10 could lead to short setups.
Whale sell-offs of 1.12 billion XRP in 48 hours raise concerns about a deeper correction and potential price slump due to increased circulating supply.