XRP Tests $2 Support as AI Flags Risk of Further Drop
XRP slipped to the key $2.00 support amid a broader crypto correction that erased about $150 billion from the market since mid-week. Despite continued inflows into newly launched spot XRP ETFs, trading volume is declining and whale selling has intensified — including ~150 million XRP moved in two days earlier this week. An AI model (ChatGPT) warned that a break below $2.00 could push XRP toward the next support near $1.90. Technical indicators show short-term oversold conditions (RSI, MACD), which can prompt a corrective bounce, but overall structure remains fragile. ETF inflows have slowed over the past five days; a return to early launch-level inflows would be needed to support a stronger rally. The AI outlined a likely trading range of roughly $1.98–$2.12 for the coming week, with a bullish scenario topping out near $2.25 if significant ETF inflows and a market-wide relief rally occur. Primary keywords: XRP, XRP ETFs, $2 support. Secondary/semantic keywords: whale selling, trading volume, RSI, MACD, ETF inflows, BTC dominance.
Bearish
The immediate market implication is bearish. XRP is trading at a critical support ($2.00) during a broader market correction, with falling volume and intensified whale selling — both classic signs that downside risk is elevated. ChatGPT’s scenario of a fallback to $1.90 is credible given the observed 150 million XRP moved by large holders and slowing ETF inflows. Short-term indicators (RSI, MACD) show oversold conditions that can produce temporary bounces, so traders should expect choppy, range-bound action around $1.98–$2.12 with brief spikes higher. A decisive, sustained recovery requires renewed strong ETF inflows or a market-wide relief rally; absent those catalysts, sellers may push price below $2.00, triggering stop losses and accelerating downside. Historically, similar patterns—large holder distributions during ETF-driven initial excitement followed by cooling inflows—led to short- to mid-term weakness in altcoins. For traders: use tight risk management, consider short or hedged positions below $2.00, look for confirmed reversal signals (volume-led bounce, renewed ETF inflows) before increasing long exposure.