XRP Faces Potential Correction: Will It Dip Below $2?

Ripple’s XRP price continues to exhibit a downward trend, struggling to break through the resistance near the $2.45-$2.55 level. While analysts believe expanding DeFi applications and increased institutional investment are driving the recent price increase, this could falter if XRP fails to maintain momentum above crucial support levels. The key zone separating a controlled correction from a deeper sell-off lies between $2.05-$2.15. Analysis suggests that failure to break through resistance may lead to another rejection, potentially dropping XRP back towards the previously mentioned support zone around $2.3-$2.2.