XRP is struggling. Due to investors' hesitation and the recent weakening of the bull market momentum, as 2024 comes to a close, XRP is struggling at the key $2 support level. Currently, the price of XRP is hovering around $2.03, unable to recover above this psychological barrier, indicating that market sentiment may change as the new year approaches.

The $2 mark has always been a key point for XRP performance, especially after its astonishing surge earlier this year. But the asset is currently unable to sustain this level, which raises a question: Will the momentum recover by 2025? It appears that XRP is approaching a key point as the RSI and trading volume are decreasing, indicating greater bearish pressure.

According to the technical chart, XRP is approaching its 50 EMA, which is the first important support level since its significant rebound. Historically, the 50 EMA has been a key level for XRP, often determining whether the asset will recover or be susceptible to long-term adjustments. If this level is successfully defended, the bulls may become more optimistic, but breaking below it could lead to a more significant retracement to $1.80 or even $1.50.

At this time, the XRP's trend will be greatly influenced by the overall market conditions and investor sentiment. Despite the current struggle in price movement, traders should closely monitor due to the proximity of the 50 EMA. If the market conditions improve, a recovery from this level could pave the way for a new round of rebound in early 2025.