Ripple's XRP has been on a downward trajectory since breaking its all-time high in July 2024, losing two positions in market capitalization to USDT and BNB. Currently trading around $2.42, XRP failed to hold above the $2.64 resistance level, leading to an 8% drop and increasing fears of further declines.
Market analyst Ali Martinez issued a worrying prediction, stating that XRP "looks like it wants to revisit $2" if bearish momentum continues. He highlighted key levels using the UTXO Realized Price Distribution (URPD) metric, identifying $2.10 as critical support and $2.80 as major resistance. The $2.80 level saw 2.58 billion XRP (3.97% of supply) exchanged, while $2.10 involved 1.64 billion XRP (2.56% of supply), indicating significant supply and demand zones.
Martinez noted that a drop to $2 would represent a 17.3% decline from current prices, but if XRP reclaims $2.80, it could rally toward $3. Despite a 76% rebound earlier in October from lows near $1.37, recent rejections and weakening demand suggest a retest of lower supports is likely unless a strong breakout occurs.
ETH
UNI
AVAX