XRP News: XRP Price Risks Drop to $2 if $2.70 Support Fails — Rebound Still Possible

Key Takeaways:XRP price is down 1.7% in 24 hours, testing $2.77 as sell pressure builds.Declining onchain activity and futures open interest suggest weakening investor conviction.If $2.70 fails as support, XRP could fall to $2; holding it could trigger a rebound toward $3.70.XRP is struggling to regain bullish momentum, with traders warning that a breakdown of the $2.70 support could open the door for a drop toward $2.00 in the coming weeks.The altcoin has extended losses from last week’s sharp sell-off, slipping 1.78% over the past 24 hours as bearish sentiment grips the crypto market.Onchain data signals weakening demandThe Crypto Fear & Greed Index has fallen to 46 (“fear”), down from “neutral” levels just a week ago, reflecting waning investor confidence. At the same time, active addresses on the XRP Ledger have plunged to around 19,250 from 50,000 in mid-July, signaling declining participation.Futures markets paint a similar picture. XRP open interest (OI) has dropped sharply to $7.7 billion from nearly $11 billion, suggesting that traders are pulling back exposure and conviction is weakening.Technical outlook: $2.70 remains make-or-breakXRP’s daily chart shows a descending triangle pattern — a setup often viewed as bearish when formed after a rally. The flat base of the triangle sits at $2.70, making it the critical level to watch.Bullish case: If buyers defend $2.70, XRP could break above resistance at $3.09 (50-day SMA and 0.618 Fib retracement). This would open a path toward $3.70.Bearish case: If $2.70 fails, XRP could drop to the $2.48–$2.60 demand zone (100- and 200-day SMAs). A breakdown below that range points to a deeper slide toward $2.08.Heatmap data shows buyers clustered at $2.70, while large sell orders sit between $2.87 and $3.74, signaling heavy overhead resistance.OutlookWith macro uncertainty and September seasonality adding pressure, XRP’s next move depends on whether bulls can defend $2.70. A successful rebound could restore bullish momentum toward $3.70, but failure risks a prolonged correction toward $2.00, according to Cointelegraph.