Once the breakout attempt stalled, sellers pressed the tape, triggering a sharp reversal that cleared out late longs and flipped short-term structure bearish.

What to know:

  • XRP failed to hold a move above $2.00, triggering a sharp reversal that turned the short-term structure bearish and cleared out late long positions.

  • Price has stabilized around $1.96, now key support, while former support near $1.972 and the $2.00 level act as resistance capping upside momentum.

  • Traders see the current action as a failed breakout and reset rather than a confirmed trend reversal, with a break of $1.96 opening room toward $1.90 and a reclaim of $2.00 pointing toward $2.05 and restored bullish structure.

$XRP

XRP
XRP
1.9186
-0.14%