XRP price remains near $2.09 support: bounce or breakdown next?

XRP has declined by nearly 8% over the past month and is now trading at a major confluence of support levels. The current price action sits at a make-or-break level that could determine the next major move, either a bullish bounce or a deeper breakdown.

After a period of consolidation, Ripple (XRP) is now sitting just above a key support zone, marked by multiple technical indicators that could provide the foundation for a reversal. However, repeated testing of this level weakens the zone, and bears may be eyeing a liquidity sweep lower if this support gives way.

Key technical points

• Key Support: $2.09 (value area low, daily SR, 200 MA).
• Price Structure: Consolidating at support for an extended period.
• Bullish Scenario: Bounce from support toward next resistance level.
• Bearish Scenario: Breakdown through support targeting liquidity lower.

The current price zone around $2.09 is highly significant. It includes the value area low, the daily support/resistance level, and the 200-day moving average, all converging in the same region. This alignment strengthens the probability of a bullish reaction, at least in the short term. If XRP can hold this region and push back above recent intraday highs, a rotation toward the next resistance could play out.

However, there’s also risk on the table. The longer price consolidates at this support level, the more vulnerable it becomes to a breakdown. Repeated touches often weaken a support zone, making it easier for bears to flush through it. In this scenario, liquidity sitting below the current structure becomes a target.

If price does sweep the lows and fails to reclaim the support with an impulsive candle, this would confirm a bearish shift and increase the likelihood of continuation toward deeper levels. However, if the sweep is followed by strong buying and a reclaim of the level, it may form a swing failure pattern, a bullish reversal trigger. This puts XRP at a true inflection point. Both bulls and bears have valid arguments, and the next few candles will likely provide clarity.

What to expect in the coming p rice Action

XRP is poised for a decisive move. If the support at $2.09 holds, expect a rebound toward the next resistance. If it breaks down without recovery, the bearish floodgates could open. Traders should remain cautious and watch for confirmation before entering directional trades.