Ripple’s XRP has experienced a significant drop of over 13% this week, driven by market uncertainty. After briefly exceeding $2.11, the cryptocurrency dropped to approximately $2.03, leaving its future trajectory unclear. 35% higher trading volume, reaching $4 billion, is prompting some analysts to speculate on whether this activity could signify a potential price recovery. Will XRP be able to hold onto the support level at $2.03 and break through the $2.30 resistance? Analysts believe that if so, it might herald a new upward trend. However, legal challenges between Ripple and U.S. regulators continue to influence market fluctuations. Some traders are skeptical about the lack of significant announcements until August, while others counter this with varying opinions. While trading activity has shown signs of volatility in the near term, XRP price remains under pressure due to these ongoing legal issues. The market continues to watch for key support and resistance levels that could determine its next movements amid fluctuating investor sentiment.