Ripple is once again approaching the $2.00 key resistance level. Over the past few months, this price point has been a nerve-wracking area for the market—both bulls and bears tend to hit the brakes here.

After a prolonged decline and consolidation, XRP found support at the lower end of the downtrend channel, with selling pressure noticeably easing. Buyers are beginning to stir, and market sentiment is recovering from extreme pessimism as everyone waits for the next move.

However, from a broader perspective, XRP is still far from a bullish reversal. The price remains below several key moving averages, and the overall trend remains weak. Even if it rises, it’s more likely a technical rebound rather than a sign of a new bull market. On the positive side, trading volume is quietly increasing, and RSI has moved out of the oversold zone, indicating that panic sentiment is waning and the bottom formation is gradually repairing—but this is not yet stable.

**If the market moves in a positive direction**, XRP needs to hold its current support and then break through the short-term moving averages step by step. The most critical factor is that the increase should be accompanied by volume, confirming the sincerity of buying interest. Once volume and price rise together, retaking $2.00 and even temporarily surpassing it are possible. Even a rebound alone can significantly boost market sentiment.

**If the situation develops negatively**, with the rebound being suppressed by moving averages, limited gains, and shrinking volume, this upward move is likely a desperate struggle. The price could decline again, retesting previous lows, and the downtrend could be reinforced. For traders entering the market, $2.00 essentially serves as a signal: whether it can be approached and held is more important than the mere rise or fall.