XRP Bulls Face the Critical Price Ceiling Test—Will the $2.00 Level Hold?

Latest Price Action and Market Positioning

XRP has staged a recovery from its $1.850 support level, mirroring the broader market rally seen in bitcoin and ethereum. The token climbed above $1.88 and $1.90, breaking through the 23.6% Fibonacci retracement level of the decline. However, bears reasserted control near $1.950, causing a pullback that has left traders watching the next move with caution. The latest data shows XRP trading at $2.08, suggesting the coin has already surpassed the critical $2.00 resistance that previously capped the recovery.

The Price Ceiling Challenge

The major inflection point remains at $2.00. This level represents the first significant barrier for sustained upside momentum. Currently, the price hovers below the 100-hour simple moving average, and a descending trend line has formed on the hourly chart with resistance near $1.9520. The 50% Fibonacci retracement level also aligns with this area, creating a confluence of technical resistance that bulls must overcome.

If XRP successfully establishes a daily close above $2.00, the narrative shifts bullish. The next targets would materialize at $2.050, followed by $2.120. A break above $2.120 could open the path to $2.20 and eventually $2.250—the next major resistance zone for bulls seeking extended gains.

Technical Indicators Paint a Mixed Picture

The hourly MACD for XRP/USD is slowing down within bearish territory, suggesting momentum may be waning. The Relative Strength Index (RSI) sits above the 50 level, indicating neither overbought nor oversold conditions—a neutral stance that could sway either direction depending on the next price impulse.

Downside Risks Loom

Should XRP fail to break through the $2.00 price ceiling, sellers will likely target $1.90, the initial support level. A breakdown below $1.850 would confirm a new downtrend, potentially triggering a cascade to $1.820, and ultimately testing $1.80. If that level fractures, $1.7650 becomes the next downside target.

Support and Resistance Summary

Upside obstacles: $1.950, $2.00, $2.120, $2.250

Downside foundations: $1.90, $1.850, $1.80, $1.7650

The recovery’s fragility hinges on whether XRP can convincingly breach its price ceiling at $2.00. Currently trading at $2.08, the coin appears to have already tested this critical level—the real question is whether it can hold and consolidate above it.