Current XRP Price Action and Key Support Levels
XRP traders are closely monitoring the cryptocurrency as it approaches a crucial support level at $2.04. The price has recently shown some bullish momentum, bouncing off a .618 local Fibonacci retracement. While this has sparked optimism, the $2.04 level is now the key area of focus. How XRP behaves at this level will likely determine the direction for the coming days.
According to CasiTrades, the $2.04 support is a vital level for XRP. This price point has served as a significant support zone in previous market corrections, and its performance now could dictate whether XRP moves higher or faces a deeper pullback.
A failure to hold this level could lead to a decline toward $1.64, the next critical Fibonacci support, marking a potential larger retracement.
Analysis of Bullish and Bearish Scenarios
XRP has been making higher moves after bouncing off its .618 retracement, hinting at the possibility of an uptrend. However, the upcoming retest at $2.04 will be crucial. Should the price hold above this level, it could open the door for XRP to push past the next resistance zone around $2.41.
XRP Is Heading Towards a Critical Retest at $2.04 Support!
XRP has shown some bullish momentum after bouncing off a .618 local retracement… This opens up a bullish scenario, but there is STILL a potential of reaching the $1.64 macro .618 support! This next test at $2.04… pic.twitter.com/hnUVsniQty
— CasiTrades 🔥 (@CasiTrades) December 5, 2025
This could signal the beginning of a new bullish trend, with further targets set at $2.65. If XRP manages to break these levels, some analysts predict a surge toward $7 to $10 in the long term.
Conversely, if $2.04 fails to hold, XRP might be heading toward a deeper pullback. The $1.64 support, where the macro .618 retracement lies, is the next key area to watch. A move to this level would mark the completion of a larger correction before the market potentially moves back into an uptrend.
What Comes Next for XRP
The next few days will be critical for XRP’s price action. If $2.04 holds, it could trigger a rally, pushing the price beyond the $2.41 resistance and towards $2.65. A successful break here would confirm the start of a new bullish wave.
However, if the support level fails to hold, XRP may retrace to $1.64, completing a larger Fibonacci retracement before starting another upward cycle.
Traders and investors alike are watching closely as XRP approaches this critical juncture. Whether it breaks above $2.04 or drops below could significantly influence its price in the coming weeks. All eyes are on this key level to determine whether the bullish momentum continues or if a deeper correction is in the cards.