Can XRP Reclaim the $2.12–$2.15 Zone or Is a Drop to $1.91 Inevitable?

XRP remains trapped under multiple VWAP zones, with repeated rejections reinforcing a dominant short-term bearish structure.Price action shows sellers defending the $2.30–$2.45 range, while $2.05 support weakens after multiple tests without a strong rebound.Exchange VWAPs converged near $2.11 on May 6, but XRP failed to hold above, confirming continued selling pressure across platforms.XRP continues to trade under key volume-weighted levels despite multiple recovery attempts across major exchanges. Price action suggests a bearish structure remains dominant unless the $2.12–$2.15 zone is reclaimed convincingly.VWAP Rejections Signal Persistent Bearish Pressure on XRPXRP remains confined beneath its 3-month and 1-month volume-weighted average price (VWAP) levels across all observed timeframes. Price rejection around $2.30 underscores persistent selling pressure, while short-term support near $2.05 faces increasing strain. Consolidation continues between major VWAP clusters and descending resistance trendlines.Source: DomAs we can see from the post above, one bearish analyst, Dom, has provided insights into XRP’s persistent downtrend. He highlights how price recently tested a confluence of significant technical levels, specifically the 100-day trendline, election VWAP, and monthly rVWAP. According to Dom, this area resembles mid-$93K support for BTC and must hold to avoid further losses.He notes that price is repeatedly failing at the $2.30–$2.45 zone, aligned with upper 3M VWAP deviations. These rejections show sellers continue to dominate above these volume-weighted thresholds. Dom’s analysis shows XRP price hit $2.12 before failing to hold above the clustered VWAPs, quickly falling back under pressure.On top of that, there’s the fact that support around $2.05 has been tested multiple times without a convincing rebound. The March low of $1.91 remains unfilled and could act as a magnet if a breakdown occurs. Dom points to this zone as a possible next liquidity target if the price cannot reclaim key VWAPs.VWAP Clusters Define Compression, Limit UpsideDom’s analysis continues by detailing exchange-specific VWAPs from Binance, Coinbase, Kraken, and others. He shows that these VWAPs converged tightly between $2.1120 and $2.1180 on May 6. Still, this doesn’t mean everything is settled. XRP briefly broke above them but retraced sharply.Source: DomWhat’s even more compelling is that this same rejection pattern occurred the day before, reinforcing VWAP resistance. The analyst illustrates how the average spot price has traded under all VWAPs throughout May 5 and 6. Until a decisive breakout above $2.12–$2.15 occurs, the bearish structure remains intact, with sellers in control.The post Can XRP Reclaim the $2.12–$2.15 Zone or Is a Drop to $1.91 Inevitable? appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.