With Bitcoin forming a “death cross” and market sentiment weakening, XRP loses a key support zone, pushing the asset toward a critical demand region.
XRP extended its downside move after losing the $2.15 support, a level that has acted as a major structural floor throughout the past quarter. The drop comes without any direct fundamental catalyst for XRP itself, but broader market pressure — amplified by Bitcoin’s emerging death cross pattern — has intensified the selling environment across large-cap altcoins. As technical momentum weakens, traders now look to deeper support zones to determine whether the current leg down will stabilize.
XRP Price Structure Weakens as Support Gives Way
The chart shows a clear deterioration in XRP’s market structure, marked by repeated Breaks of Structure (BOS) and Change of Character (CHoCH) signals since late October. The rejection from the $2.80–$3.00 supply zone created a cascading effect, pulling the asset back toward the mid-range before finally breaching the $2.15 demand area highlighted in green.
This breakdown confirms that bullish momentum has faded, leaving XRP vulnerable unless buyers re-establish control at the lower boundary of the current trading range.
BitXJournal market analyst noted that “losing $2.15 shifts the bias heavily toward the downside. Unless buyers reclaim that level quickly, the market is likely to explore deeper support.”
Macro Pressure: Bitcoin Death Cross Adds Fuel
Although XRP has avoided major project-specific news this week, macro sentiment remains fragile. Traders are increasingly reacting to Bitcoin’s forming death cross, a bearish technical event where the 50-day moving average dips below the 200-day moving average.
BitXJournal derivatives strategist explained that “death crosses don’t always trigger immediate sell-offs, but they reinforce existing weakness, making altcoins especially vulnerable.”
This broader environment has intensified XRP’s decline, with liquidity thinning as traders exit high-risk positions.
Key Levels to Watch
- $2.15 — now acting as resistance; reclaiming it would signal early bullish recovery
- $2.00–$1.95 — current major demand zone where buyers may attempt a defense
- $1.80 — next downside target if selling continues
- $2.80–$3.00 — upper supply zone capping mid-term rallies
Current price behavior suggests that the $2.00 region is critical, as multiple past reactions make it a strong historical demand area.
XRP’s fall below $2.15 confirms a shift toward a more pronounced bearish structure, driven largely by broader market weakness rather than direct catalysts. The next few sessions will be crucial: holding the $2.00 support could offer a base for stabilization, while further declines may expose XRP to deeper downside exploration. Traders should monitor whether bulls can reclaim $2.15, as it remains the clearest early sign of a potential trend reversal.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.