XRP's daily candlestick chart indicates a potential major move following a breakdown in its daily RSI trendline signaling weakening momentum.
The RSI breakdown implies a shift in short-term momentum dynamics for XRP, despite its price holding above key levels near $2.13.
XRP's RSI had been forming a tightening wedge pattern, suggesting an upcoming volatility expansion and a potential push to lower supports before a reversal.
Crypto analyst CasiTrades highlighted support levels to watch, including $2.01, $1.90, and $1.55, which could act as rebound levels amid the current test phase.
These support zones are expected to hold until XRP breaks above $3, indicating a potential pivot if a V-shaped recovery occurs at these levels.
However, a failure to hold above these levels could lead to a deeper low before a true reversal begins, with short-term risk currently skewed to the downside.
XRP is currently trading at $2.11, showing a 2% decline over the past 24 hours.