XRP Price Prediction: $2 Support Under Pressure — Will the 20-Month EMA Trigger the Next Rebound?

XRP is approaching a critical juncture as it hovers near the $2 support level while testing its long-term 20-month EMA, a key gauge of market trend health.

Traders and institutional investors are closely observing these levels, as historical behavior around this EMA has often preceded notable price moves. Despite a 3.35% pullback over the past 24 hours, XRPs technical structure and on-chain metrics suggest accumulation pressures are in play. If support holds, XRP could stabilize, but a breach below the $2 level might prompt further short-term weakness.

XRP Faces Key Technical Levels

TradingView analyst DeGRAM, who specializes in structural pattern analysis, observes that XRP is forming a bullish base between $1.98 and $2.03. Multiple rebounds from this zone confirm strong demand, and recent price stabilization after a capitulation wick suggests that XRP may begin building higher lows. If this scenario holds, DeGRAM identifies potential recovery targets near $2.06–$2.09, contingent on buyers regaining short-term control.

From our own analysis, this support zone is particularly important in the current macro and liquidity context. XRPs repeated rejections of lower levels indicate that market participants are willing to step in near $2, creating a concentration of buying interest that could define near-term price dynamics.

Accumulation Signals Highlight Supply Scarcity

Market Fundamentals Support Medium-Term Strength

Ripples institutional partnerships and adoption trends provide additional context. Publicly announced collaborations and liquidity inflows contribute to improved sentiment, supporting the structural bullish setup.

XRP is holding strong in the $1.98–$2.03 support zone, showing bullish momentum with potential targets at $2.06–$2.09 amid growing institutional accumulation. Source: DeGRAM on TradingView

DeGRAM notes that these developments underpin medium-term accumulation, reinforcing technical signals. From our observation, the combination of low exchange reserves and institutional involvement creates a scenario where XRPs near-term trajectory is increasingly sensitive to buyer activity around key levels.

What Traders Should Watch

For traders, the $1.98–$2.03 support zone is a critical pivot. If this zone holds, XRP may target $2.06–$2.09, though a break below $1.98 could signal further downside risk. Analysts are also observing the 20-month EMA at $1.93, as its support may define the cryptocurrencys structural trend in the weeks ahead.

Its important to balance this outlook with broader market considerations. While accumulation supports potential upside, XRP still faces resistance from a descending trendline and sector-wide volatility. Monitoring exchange reserves and market liquidity will help contextualize whether the support can hold under increased trading activity.

Final Thoughts

XRP is navigating a delicate balance between support and resistance. Its $2 support level and 20-month EMA are crucial in determining whether recent accumulation patterns translate into a sustained rebound.

XRP was trading at around 2.00, down 3.35% in the last 24 hours at press time. Source: XRP price via Brave New Coin

Investors should track XRP price live, exchange reserve changes, and key technical levels for informed decision-making. While the technical and on-chain indicators show promise, broader market dynamics and policy factors may still influence outcomes, underscoring the importance of scenario-based analysis.