XRP Price Prediction: Risk of Retesting $2.05 as Bitcoin Pulls Back

Crypto analysts are issuing warnings for XRP (Ripple) as market dynamics shift. The primary concern is a potential retest of the $2.05 support level. This bearish pressure on XRP coincides with Bitcoin (BTC) surrendering its gains from the previous week, creating a cautious environment for altcoins. Market observers note that Bitcoin's performance often sets the tone for the broader cryptocurrency market. The current pullback in BTC is causing increased volatility and risk for major altcoins like XRP. Traders are advised to monitor these key support levels closely, as a break below could signal further downward movement. The situation underscores the high correlation within the crypto market, where Bitcoin's retracement directly impacts assets like XRP.