[Analysis] "XRP, reversal if it recovers to $2.05, further decline possible if it falls below $2.00"

XRP (XRP) was briefly pushed below $2, reinforcing technical bearish signals, and the short-term direction now depends on whether it breaks out of the $2.00~$2.07 range.

On the 2nd (local time), CoinDesk said, "XRP temporarily fell below $2.00, showing a clear weakening of the trend. Volume surged during the decline, confirming that active selling, not merely a lack of liquidity, pulled the price down."

It added, "Meanwhile, the $2.05~$2.07 zone acted as strong resistance throughout the day, stopping all rebound attempts. Failure to break this zone has been the factor keeping it trapped in a narrow box around $2.02."

However, signs of weakening selling pressure have also appeared. It did not continue to fall below $1.99, and repeated demand has flowed in the early $2.00 range, forming a short-term bottom demand area. As a result, analysts say a typical 'two-way pivot' structure is appearing.

CoinDesk analyzed, "Technically, reclaiming $2.05 would open the possibility of a short-term trend reversal and resumption of gains, while if $2.00 breaks, the decline could extend to $1.95 and further to $1.90."