XRP rebound stalls, weekly warning of downside risk

Ripple(XRP) latest market data indicates that this rebound may face challenges. According to real-time data, XRP is currently priced at $2.06, with a decline of -4.18% over the past 24 hours, and market participation has noticeably decreased.

Short-term Dilemma: Multiple Resistance Levels

On an hourly basis, XRP encountered a pullback after reaching the key level of $2.1053, indicating insufficient momentum for the rebound. This false breakout signal suggests that the bullish forces are clearly weakening. The shrinking trading volume further confirms market hesitation—current price ranges are likely to continue consolidating with bottoming and oscillation, and traders should be cautious of further downward testing.

Medium-term Outlook: Weekly Chart Signals Danger

On a broader time scale, the weekly candlestick shows a weak closing trend. If this pattern persists until the end of this week without reversal, the probability of XRP retracing to the $1.80-$2.00 range significantly increases. This adjustment could be a risk signal that seasoned analysts like Raoul Pal are paying close attention to.

Trading Recommendations

At present, the price neither meets clear bullish conditions nor exhibits strong bearish features. Traders are advised to remain cautious for now, focusing on the support at the $2 level—once this line is broken, the next target will become clearer.