Analyst to XRP Holders: We Are In Trouble If This Support Fails to Hold

XRP is facing a critical moment as price action tightens and volatility increases. According to crypto analyst Cryptoes, the asset is now hovering dangerously close to a key support level around $2.930. In a recent post on X, Cryptoes warned that a failure to hold this level could trigger a sharp decline. On the other hand, a recovery hinges on XRP closing an hourly candle above $2.979, a resistance zone marked in red on his chart. Key Support Under Pressure XRP is trading in a narrow and uncertain range between $2.80 and $2.98 . This comes after the token was rejected from the $3.12 level earlier in the week. The $2.930 support has acted as a critical bounce zone several times in recent sessions, and its breach could signal a breakdown in the short-term bullish structure. If this support fails, XRP may slide toward the mid-$2.80 range, where the next major demand zone lies. This would place increased pressure on bulls and shift sentiment sharply bearish unless a quick recovery follows. The current setup suggests that XRP is at a decision point, and traders are watching closely for confirmation of the next move. If this support doesn’t hold we are in trouble | We need to close an hourly candle above the red to see a recovery… #XRP pic.twitter.com/pTPKoaAG6r — Cryptoes (@cryptoes_ta) August 2, 2025 Resistance Must Break for Recovery Cryptoes’ analysis highlights the importance of closing above $2.979 on the hourly chart to confirm a bullish reversal. This red resistance zone coincides with both recent intraday highs and the 21-period exponential moving average (EMA) on lower timeframes. Without a close above this level, any upward moves may be short-lived and easily rejected. A confirmed break above $2.979 could open the door to a retest of $3.05 and potentially the previous high near $3.12. However, until that happens, the risk of further downside remains elevated. Low trading volume and weak momentum have plagued recent price action, suggesting buyers may be losing conviction. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 XRP Outlook in Broader Market Context Despite short-term weakness, XRP maintains a macro bullish structure . The token remains well above its July lows near $2.50 and continues to attract long-term interest from investors betting on Ripple’s growing institutional footprint. Many analysts still believe that XRP could reach $3.50 to $5.00 in the coming months, provided market conditions improve. Still, the broader crypto market remains cautious. Bitcoin is currently consolidating below $113,00, and Ethereum is holding below $3,500, both showing signs of hesitation. Without renewed confidence across the market, XRP may struggle to find the momentum needed for a breakout. In summary, Cryptoes’ warning is clear: if XRP fails to hold above $2.930 and cannot reclaim $2.979 soon, further downside is likely . The coming hours will be crucial, and all eyes are on whether bulls can defend this support or give way to a deeper correction. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Analyst to XRP Holders: We Are In Trouble If This Support Fails to Hold appeared first on Times Tabloid .

Source: TimesTabloid