XRP Price Faces Deeper Correction: Analyst Warns of $1.9 Retest Ahead

• XRP risks midterm drop toward $1.9 support after falling below key $2.7 level.
• XRP follows Bitcoin’s downtrend after losing key 50-week SMA support.
• U.S. shutdown delays XRP ETF approval; Evernorth faces $79M losses.

XRP price is on the cusp of further midterm capitulation. Crypto analyst Ali Martinez said the XRP price is likely to retest the support range between $1.9 and $2.

The crypto analyst noted that the XRP price has been ranging between $3.4 and $1.9 year-to-date (YTD). Having recently dropped below the support/resistance level around $2.7, which coincided with the 50-weekly Simple Moving Average (SMA), the crypto analyst now thinks XRP price is headed to retest its lower border of the YTD horizontal consolidation in the coming weeks.

Three Reasons Why XRP Price Could Sink Further in the Coming Weeks

XRP Remains Closely Tied to Bitcoin…

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