The XRP price has spent the past several days in a fragile position after falling from $2.20 and retesting $2, which has now become the most closely watched level on its price chart. The weekly candle has managed to close slightly green for the first time in more than a month, yet the rebound has not erased the weakness created by the recent sell-off.
The latest technical analysis from Guy on the Earth focuses on this exact moment, noting that XRP’s entire structure now depends on whether this $2 zone can keep functioning as the pivot that stops further downside.
Holding $2 As The Important Bull Support
Guy on the Earth describes the $2 price level as the line separating resilience from a potentially long period of stagnation. His analysis shows XRP holding this level despite several weeks of bearish candles, a sign that sellers have not managed to gain full control even after the broader market’s pullback.
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The weekly chart he shared displays a cluster of past support zones roughly aligned between $2 and $1.95, making this area the foundation of the current trend. According to the analyst, losing the $2 price level could leave XRP drifting for months or even years with little upside movement, aside from isolated opportunities when temporary lows form. For now, the fact that XRP ended the past week in the green, even slightly, keeps the structure intact.
XRP’s reaction around $2 cannot be understood without watching Bitcoin. In his view, the best scenario for XRP is for Bitcoin to bounce back above $100,000, and a subsequent fall in BTC dominance. The chart’s declining RSI on the XRP weekly timeframe also hints at momentum changing, but its path will ultimately follow whatever direction Bitcoin chooses next.
XRP Price Chart. Source: @guyontheearth On X
Two Diverging Paths From Here
Guy on the Earth outlines two possible outcomes as the market enters a critical phase. The first is a recovery from current levels that allows altcoins to outperform again, opening the door for XRP to revisit the mid-range zone around $2.60 before making any attempt at its previous highs.
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The second is a deeper market drop that drags XRP below the $2 price level. This move would flip its most important support into resistance and set up a prolonged stretch of declining price action. Nothing inspiring will happen below there except well-timed buys when the lows appear to be in.
Both scenarios are realistic, and $2 is the dividing point that will determine which one unfolds. The analyst’s bias leans toward a move higher, but he warns that traders must be aware of the risks if Bitcoin does not stabilize soon.
At the time of writing, XRP is trading at $2.02 after a 1.2% fall in the past 24 hours and is at risk of losing this $2 support level.
Featured image created with Dall.E, chart from Tradingview.com
