XRP Price Continues to Struggle Ahead of Ripple Swell Event Despite the approaching Ripple Swell conference, a gathering typically watched closely by the XRP community, the digital asset continues to face downward pressure. Market data indicates that investor sentiment remains bearish, with analysts warning that the price could test significantly lower levels in the near term. The lack of a positive price reaction in the lead-up to the event has disappointed some investors who had hoped for a traditional pre-event rally. Instead of gaining momentum, XRP has been largely stagnant or declining, underperforming against the broader cryptocurrency market. This price action suggests that traders are not expecting any major announcements from the event that could fundamentally alter the token’s market position. Technical analysis of the XRP chart paints a concerning picture. The price is currently battling to hold a critical support level. A decisive break below this support could trigger a steeper decline. Market observers are now pointing to the two dollar mark as the next major area of interest, a level that could be tested in the coming days or weeks if the current selling pressure persists. Several factors are contributing to the negative outlook. The overall cryptocurrency market has been experiencing a period of uncertainty and risk-off sentiment, which impacts altcoins like XRP more severely than major assets like Bitcoin. Furthermore, XRP continues to be weighed down by the lingering effects of its long-running legal battle with the U.S. Securities and Exchange Commission. While Ripple achieved several partial legal victories, the case has created an overhang of regulatory uncertainty that has been difficult to shake. The upcoming Swell event, where Ripple typically showcases its latest technology and business developments, is now being viewed as a potential make-or-break moment for short-term price direction. If the event passes without any significant news that excites the market, it could confirm the bearish thesis and lead to further selling. The event could serve as a catalyst, but the direction of that move remains uncertain. For the price to reverse its current trajectory, it would need to reclaim higher resistance levels that have previously acted as floors. Until then, the path of least resistance appears to be downward. Traders and investors are advised to monitor the key support levels closely, as a breakdown could lead to a rapid move toward the two dollar threshold. The market is waiting to see if Ripple can deliver a surprise that will finally shift the negative sentiment surrounding its associated digital asset.
