Recently, the market performance of XRP has caused considerable concern among investors. In the past week, the price of XRP experienced a significant fall, dropping from a high of 2.50 to around 1.95, which is a considerable decline.

However, the market is not entirely bleak. XRP seems to have found temporary support around 1.92 and has shown signs of a slight rebound. This has given investors a brief moment of respite. However, market watchers warn that if the daily closing price falls below the 1.90 level, XRP may face further downward pressure, with the next support level potentially around 1.80.

Currently, the resistance zone above XRP is roughly between 2.16 and 2.60. If it can break through the key level of 2.16, it may indicate that the downtrend could begin to slow, and market sentiment is expected to improve.

From a technical perspective, the daily chart of XRP still shows a weak trend. Although there may be a slight rebound in the short term, an overall trend reversal has not yet been established. Investors need to remain vigilant, especially if the price falls below the key support level of 1.79, which could trigger a deeper adjustment, potentially dropping to levels of 1.56 or even as low as 1.21.

In the face of the current market environment, investors should remain calm and closely monitor price trends and the performance of key support levels. At the same time, they should also pay attention to external factors that may affect the price of XRP, such as the overall direction of the cryptocurrency market, changes in the regulatory environment, and the latest developments from Ripple. When making investment decisions, caution and rationality are particularly important.