XRP Faces Crucial Decision Point as Price Enters Consolidation

Analyzing the XRP 4-hour chart reveals an intense battle between bulls and bears, with the price hovering near $2.06 after recent downward pressure. Currently, XRP trades at $2.06, down 2.32% according to analysis conducted at this time. A significant horizontal support level has been identified at $2.0066. This area has held multiple times, forming a base for buyers who have previously launched rebounds. However, a confirmed breakdown below this level could expose XRP to a slide towards $1.90 or even $1.75.