XRP’s Descent: Bears Eye $2 with a Wink 🐺💸

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Ah, my dear readers, prepare your tea and your nerves-XRP is once again playing the role of the tragic heroine, teetering on the edge of a cliff (or a $2.00 support level, if you prefer). The bears, those dashing villains of the crypto world, have seized control with the flair of a Shakespearean villain, their eyes set on the elusive $2 mark. A most dramatic performance, if I do say so myself.

While the macro structure still clings to a faint glimmer of optimism, the recent breakdowns have left us all in a state of breathless suspense. Buyers, those valiant heroes of the market, must now reclaim key levels with the urgency of a man chasing a train. Failing that, we may witness a deeper dive into the $1.00 – $1.30 demand zone, which is as thrilling as a rainy Tuesday.

Technical Analysis

By Shayan, who clearly has a flair for the theatrical.

The USDT Pair

XRP is on the verge of breaking below the ascending channel it had been respecting for most of the year-a rather elegant ascending channel, if I may say so. The price dipped sharply toward the $2.00 area, as if taking a bow, before showing signs of recovery, now trading around $2.46. The 100-day and 200-day moving averages (blue and orange) have also now turned into resistance elements above the price at around the $2.90 and $2.60 levels, respectively. A most inconvenient turn of events, I’m afraid.

The altcoin needs to reclaim these moving averages quickly to avoid further bearish continuation. If the current rebound fails and price rolls over again, the $2.00 level may be retested, with a deeper drop into the $1.00 – $1.30 demand zone becoming more likely. A plot twist worthy of a soap opera.

The BTC Pair

XRPBTC has also undergone a breakdown below key moving averages and structure, much like a poorly rehearsed play. The price fell sharply below the 2,400 SAT and is currently trading around 2,280 SAT, testing the lower support zone around 2,000 SAT. The RSI is also around 40, reflecting bearish momentum-like a gloomy Monday morning. How dreary.

This move marks a significant shift in momentum, as XRP has now lost both 100-day and 200-day moving averages. If the 2,000 SAT area fails to hold, the next support rests near the 1,500 SAT orderblock, followed by the 1,150 demand zone. On the upside, any recovery attempt would first need to reclaim the 2,400 SAT level and close above the moving averages to signal strength. A most arduous task, I’m sure.

Overall, XRP is at a critical juncture on both charts. The coming days will determine whether this is a short-term shakeout or the beginning of a deeper corrective phase. One can only hope it’s a short-term shakeout, lest we all be left in tears.

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2025-10-20 17:31