XRP (XRP) tests key support at $1.82… McGlone: "Further correction if it breaks below"

As the broader digital asset (crypto) market remains in a corrective phase, an analysis suggests XRP is gauging direction near a key support level. Views are split between warnings of additional downside if major support gives way and forecasts that still point to room for a medium- to long-term advance.

According to crypto-focused outlet Bitcoin Sistemi on the 27th, Mike McGlone, Bloomberg Intelligence’s commodity strategist, recently assessed that XRP’s price could again test the key support near $1.82. He explained that the area has repeatedly served as support since the rally in November last year.

McGlone said that if XRP closes below $1.82 on a closing basis, the prevailing bullish outlook could lose validity, noting that a break of support could intensify downward pressure. In the near term, he added, whether XRP can reclaim $2.06 is pivotal; if it rises above that level, he also mentioned the possibility of a technical rebound into the $2.35–$2.50 range.

A more optimistic view was also raised. Crypto analyst CryptoBull said XRP is showing a price structure similar to past bull markets, interpreting the current zone as an accumulation phase ahead of an upswing.

He said, “XRP may trade sideways near the prior high before a directional move emerges,” adding that “over the medium to long term, it could rise to around $11.”

Meanwhile, XRP was trading at $1.8846, up 0.12% from the previous day, as of 18:45, based on Binance’s USDT market.