XRP Price Rejection at $2.00 Signals Crucial Market Decision Point

The XRP price faces a critical juncture as it is rejected from the $2.00 resistance level for the third consecutive time. This repeated failure to break through a major psychological and technical barrier establishes a clear near-term inflection point for the cryptocurrency. Market analysts are closely monitoring the $2.00 mark, viewing it as a decisive threshold that could determine the next significant trend for XRP. The inability to secure a closing price above this level suggests persistent selling pressure and may indicate a period of consolidation or potential retracement. Traders are advised to watch for a confirmed breakout or breakdown from the current range, as the asset's next move could set the tone for its medium-term trajectory. Key support levels below the current price will be crucial in assessing bearish risk, while a sustained move above $2.00 would be required to reinvigorate bullish sentiment.