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Analysts Warn of Deeper Drop Toward $2

Byadmin

Oct 16, 2025 #continued bearish sentiment, #cryptocurrency, #fibonacci, #information, #specific investment strategy, #understanding, #understanding and enthusiasm, #weak

Altcoins: XRP Faces Renewed Pressure After Sliding Below Key Support Levels

XRP is currently under renewed pressure after sliding below critical support levels, with analysts warning that the token could soon revisit the $2 zone. Over the past week, the altcoin has fallen more than 14%, dropping from $2.79 to below $2.40. This decline wiped out nearly $8 billion in market value within just 24 hours.

**Weak Technical Setup**

XRP’s chart shows clear signs of exhaustion. The token recently broke beneath the 38.2% Fibonacci retracement level at $2.52 and the 30-day moving average at $2.83, signaling a loss of momentum. The Relative Strength Index (RSI) is near 34, and a negative Moving Average Convergence Divergence (MACD) points to continued bearish sentiment. Additionally, widening Bollinger Bands hint at higher volatility ahead.

**Analysts Eye Key Levels**

On-chain analyst Ali Martinez believes XRP could retest the $2 mark, citing $2.10 as short-term support and $2.80 as major resistance. Martinez warns that unless buyers push the price back above $2.50, a deeper decline remains likely.

**Market Lagging Behind Peers**

While Bitcoin and Ethereum are also experiencing pressure, XRP’s decline has been notably steeper. The $2 zone—which was once seen as an anomaly during last week’s flash crash—has now become a crucial line for bulls to defend. A close below this level could open the door to further downside, whereas reclaiming $2.50 might spark a short-term recovery.

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*Disclaimer:* The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.

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**About the Author**

Alexander Zdravkov is a dedicated crypto analyst who always seeks the logic behind market movements. Fluent in German and with more than three years of experience in the crypto space, he skillfully identifies new trends in digital currencies. Whether providing in-depth analysis or daily reports, Alexander’s deep understanding and enthusiasm make him a valuable member of the team.

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