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XRP is teetering at the critical point of $1.87-$1.93. Will institutions bet on whether it can hold?
【Crypto World】XRP is currently oscillating between $1.87 and $1.93. Since this range was broken in November 2024, it has remained a focal point of market attention. Historically, this price level has triggered multiple rebound rallies, and many institutions and analysts consider this zone a life-or-death area.
From a bullish perspective, if XRP can hold this line of defense, it indicates that institutional buying enthusiasm remains, with accumulation ongoing, and the overall medium- to long-term structure of the coin still maintains an upward channel. In this case, the subsequent rebound strength could be quite significant.
However, the threat from the bears should not be underestimated. Once the support is broken, panic selling may quickly follow, causing a market sentiment reversal. At that point, a substantial correction could occur. Therefore, the future movement at this level, to some extent, determines XRP’s short-term direction.