XRP Fails to Hold Steady Above $2.00, Drops to $1.87 After Failed Breakout

XRP is unable to maintain its momentum above $2.00, resulting in a sharp decline toward $1.87 at present. The failure of this breakout attempt has shifted the short-term structure to bearish and opened the door for deeper selling.

The XRP price is now steady around the $1.87 level, raising the question of whether this zone can hold as the main support. The surge in aggressive selling volume has pushed the price through previous support, indicating that the previously built bullish structure is beginning to collapse.

Why Can’t XRP Stay Steady at the Key Level of $2.00?

XRP’s breakout attempt to surpass $2.00 faces significant resistance. The previous support around $1.972 failed to hold for long after a flood of selling pressure entered the market. The $2.00 level now acts as a tight resistance, limiting upside momentum in the short term.

Traders are observing this movement not as a confirmed reversal but as a re-adjustment after the breakout failure. If the price remains steady at $1.87, this support could serve as a platform for a recovery attempt toward $1.90 and beyond. However, if this level is broken downward, the $1.80 zone becomes the next target.

Technical Analysis: Short-Term Bearish Structure

The XRP chart shows a clear formation of a bearish structure on the short-term timeframe. The peaks formed are progressively lower below $1.98, confirming ongoing selling pressure. The surge in volume accompanying this decline indicates that the selling is not just a minor correction but a structured movement.

Although broader consolidation is still visible on higher timeframes, the short-term momentum remains downward. XRP’s failure to reclaim $2.00 reinforces bearish sentiment and deepens trader doubts about a continued rally.

Trader Scenarios: What’s the Next Steady Level?

There are two main scenarios that could unfold from XRP’s current position:

Bullish Scenario: If the $1.87 level remains steady and selling diminishes, traders will target a return to $2.00. A breakout back above this level opens opportunities toward $2.05, a level that defines the bullish structure on higher timeframes. This condition would confirm that the breakout failure was only a temporary adjustment.

Bearish Scenario: If $1.87 cannot hold steady and is broken downward, the market opens to potential further declines toward $1.80 and the $1.75 zone. The support floor begins to collapse in this scenario, creating room for a deeper pullback.

For now, XRP is caught in a transition zone between short-term bearishness and broader timeframe compression. Binary movement awaits after one side signals clearly whether momentum will return above $2.00 or continue to weaken further downward.