XRP price continues to weaken as the broader cryptocurrency market experiences another wave of correction. Most major altcoins are trading in the red, triggering concerns among investors about XRP’s short-term outlook. Some analysts warn that XRP could revisit the $2.00 psychological support, while others remain bullish, predicting a potential rally toward $2.75 if a critical resistance zone is successfully breached.

Despite the short-term price weakness, strong inflows into XRP ETFs and sustained institutional interest continue to support a positive long-term narrative. One analyst has even projected a possible move toward $6, further boosting market optimism.

So what is really behind XRP’s recent pullback — and where is the next key move?

Recent XRP Price Action & Market Overview

At the time of writing, XRP is trading around $2.03, marking another daily decline. Trading volume has dropped by approximately 2.4% to $2.4 billion, indicating growing market caution.

This correction comes after a brief market rebound that saw major cryptocurrencies attempt to recover. Ethereum, which recently led the altcoin rally with a 4% surge driven by its Fusaka upgrade, has now retraced about 1.6% over the past 24 hours, confirming broader market weakness.

However, on the institutional side, XRP ETF inflows remain strong. On December 3rd alone, U.S. spot XRP ETFs recorded $50.3 million in net inflows, pushing total cumulative inflows since launch to $874.3 million.

The fact that XRP is still declining despite steady institutional money suggests that large holders (whales) may be taking profits, temporarily delaying the anticipated upside rally.

XRP Outlook & Expert Forecasts

According to technical analyst Ali Martinez, XRP must break above the $2.28 resistance zone to confirm a bullish continuation. If this level is reclaimed with strong volume, XRP could rapidly accelerate toward the $2.75 target.

Meanwhile, analyst Dark Defender highlights a major long-term support near $1.80, emphasizing that XRP already delivered a massive rally from $0.39 to $1.88. He believes the next major macro target lies around $5.85, reinforcing bullish sentiment for the coming months.

Together, these perspectives suggest that XRP is currently in a critical consolidation phase, preparing for either a bullish breakout or a deeper correction.

Key Technical Levels to Watch

Immediate Support: $2.00 – $1.98

Strong Support: $1.80

Major Resistance: $2.28

Breakout Target: $2.75

Long-Term Bullish Target: $5.85 – $6.00

Trading Plan – Entry, Take Profit & Stop Loss (For Educational Purposes Only)

✅ Buy Scenario (Bullish Breakout Strategy)

Buy Entry: $2.06 – $2.10 (after confirmed breakout above $2.05 with volume)

Take Profit 1: $2.28

Take Profit 2: $2.55

Take Profit 3: $2.75

Stop Loss: $1.94

This setup favors traders expecting a continuation rally toward the $2.75 resistance.

✅ Sell Scenario (Bearish Breakdown Strategy)

Sell Entry: Below $1.98 (confirmed breakdown)

Take Profit 1: $1.90

Take Profit 2: $1.82

Stop Loss: $2.08

This scenario applies if market weakness intensifies and XRP loses the $2.00 support zone.

Final Thoughts

XRP is currently at a make-or-break level. While ETF inflows and long-term fundamentals remain strong, short-term price action is under pressure due to profit-taking and broader market uncertainty. A clean breakout above $2.28 could unlock a powerful rally toward $2.75 and beyond, while a breakdown below $2.00 risks a retest of $1.80.

As always, traders should manage risk carefully and avoid over-leveraging during high-volatility conditions.

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