"XRP (XRP), possibility of retesting the $2 level from a technical perspective"

JH Kim

Summary

The analyst said XRP (XRP) could retest the $2 level from a technical perspective.
He said that if the major support around $2.1 holds, the possibility of a rebound is also open.
He reported that despite the past black swan event, it has generally maintained price levels above $2 over the past four months.

Cryptocurrency trader and analyst Ali Martinez recently wrote on X (formerly Twitter) that "from a technical trend perspective, XRP may retest the $2 level."

He said, "XRP has shown a short-term downtrend during the recent correction, but a major support is formed around $2.1," and added, "If that support area holds, the possibility of a rebound is also open."

Meanwhile, during the sharp drop on October 11, XRP experienced a 'black swan' event where it temporarily fell to $1 on some exchanges, but overall it has maintained price levels above $2 for about four months.