XRP Falls Below $2 as Selling Pressure Accelerates – Chart Signals Mounting Weakness

Source: ETHNews Original Title: XRP Falls Below $2 as Selling Pressure Accelerates – Chart Signals Mounting Weakness Original Link: XRP has slipped under the $2 mark, trading around $1.99 after a sharp late-session drop that erased earlier intraday stability. The 5-minute TradingView chart shows a clear downward structure forming over the past several days, with a series of lower highs followed by an aggressive breakdown in the final hours of trading.

The chart highlights two key developments. First, every recovery attempt, from the $2.20 and $2.14 zones, was met with faster and heavier selling, signaling that buyers are losing control.

Volume spikes during each selloff confirm this, especially during the steep decline toward the current $1.99 level. Second, volatility has widened dramatically. Sharp upside wicks earlier in the week failed to sustain momentum, turning into liquidity traps for late buyers and accelerating the reversal.

Momentum flipped decisively bearish on November 20 as XRP broke below the short-term support around $2.05. Once that level gave way, automated trading and stop-loss cascades likely intensified the downturn, pushing the price straight into the sub-$2 region.

The immediate outlook hinges on whether XRP can stabilize around $1.95–$2.00, but continued weakness in broader market sentiment suggests volatility may persist.

XRP now sits at -1.33% (1h), -3.26% (24h), and -16.55% (7d), reflecting sustained pressure across all timeframes.