XRP price has shown volatile movements, raising concerns among traders about a potential crash back to $0.50.
On the hourly chart, XRP faces immediate bearish pressure as it struggles around $2.39, with signs of weakness including a descending channel formation.
The daily chart indicates a possible retracement after hitting a local top near $2.60, testing support levels around $2.29–$2.30 area.
While a crash to $0.50 is unlikely in the short term, XRP could consolidate between $2.00 and $2.60 before the next breakout attempt, barring major external risks.