Analysts suggest that XRP is at risk of retesting the $2.05 support level.

Ripple's XRP Experiences Decline

Ripple's XRP token has fallen below the critical $2.07 support level. This decline has occurred alongside increasing trading volume, indicating a higher likelihood of further drops.

Although investor interest in XRP Exchange-Traded Funds (ETFs) remains strong, the overall market condition shows signs of declining speculative activity and weak liquidity. This situation highlights the need for caution among investors.

Technical indicators suggest that XRP is on a downward trend, and it is noted that for this asset to re-enter a bullish market, it must regain the range between $2.07 and $2.11.