XRP (XRP) is down approximately 35% over the last 30 days

as US President Donald Trump's tariff wars continue to shake the market.

The price of XRP has fallen sharply over the last 30 days, as US President Donald Trump's tariff woes continue to shake the market.

The Importance Of Reclaiming $2.20 For A Sustainable Recovery

According to crypto market analyst Egrag Crypto, XRP is trading above a key support zone in the daily timeframe, as shown in the chart below.

The analyst notes that the price has dipped into the support level just below $2 (blue zone in the figure below) four to five times since December 2024, "and each time, bulls have stepped in to defend it."

He adds that when an asset retests a support level multiple times, it increases the chances of an "eventual breakout."

The key levels to watch on the upside, according to Egrag Crypt, are $2.20, $2.60, $2.80 and finally, $3.10. However, investors should be aware of a potential breakdown if $2.20 doesn't hold.

Egrag Crypto also notes that the 21-day exponential moving average (EMA) has produced a "bearish cross with the 100 SMA." He concludes: "The lower timeframe is showing signs of recovery as the 20 EMA crossed above the 50 EMA."

[Chart].

The 21-day EMA crossed below the 100 SMA.

The lower timeframe is showing signs of recovery as the 20 crossed above the 50 EMA.

Key support is holding on the daily timeframe.

The price dipped into this support level 4-5 times since December 2024, and each time, bulls have stepped in to defend it. Usually, when an asset retests a support level multiple times, it increases the chances of an eventual breakout.

The key levels to watch on the upside are:

🔸 $2.20

🔸 $2.60

The price of XRP has fallen sharply over the last 30 days, as US President Donald Trump's tariff woes continue to shake the market.

According to crypto market analyst Egrag Crypto, XRP is trading above a key support zone in the daily timeframe, as shown in the chart below.

The analyst notes that the price has dipped into the support level just below $2 (blue zone in the figure below) four to five times since December 2024, "and each time, bulls have stepped in to defend it."

He adds that when an asset retests a support level multiple times, it increases the chances of an "eventual breakout."

The key levels to watch on the upside, according to Egrag Crypt, are $2.20, $2.60, $2.80 and finally, $3.10. However, investors should be aware of a potential breakdown if $2.20 doesn't hold.

Egrag Crypto also notes that the 21-day exponential moving average (EMA) has produced a "bearish cross with the 100 SMA." He concludes: "The lower timeframe is showing signs of recovery as the 20 EMA crossed above the 50 SMA."

[Chart].

The 21-day EMA crossed below the 100 SMA.

The lower timeframe is showing signs of recovery as the 20 crossed above the 50 EMA.

Key support is holding on the daily timeframe.

The price dipped into this support level 4-5 times since December 2024, and each time, bulls have stepped in to defend it. Usually, when an asset retests a support level multiple times, it increases the chances of an eventual breakout.

The key levels to watch on the upside are:

🔸 $2.20

This post was originally published on December 28, 2024, at 12:35 PM.

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A few days ago, a pseudonymous analyst known as Dark Defender shared his thoughts on the price action of XRP. According to the analyst, the price of XRP is likely to rebound from a key support level.

The analyst highlighted that the price of XRP has dropped to a support zone, which lies between the Fib 0.618 at $1.88 and the 100-hour simple moving average at $1.91.

"Short-term support is no Fib 0.6