XRP Technical Outlook: Price Compresses at Descending Channel Base After Major Breakdown

XRP remains in a bearish market structure after a strong rejection from the $3.40–$3.65 macro supply zone, where price failed near the 1.0 Fibonacci level. That rejection marked a clear distribution phase, ending the prior bullish impulse and initiating a sustained downtrend.

The decline accelerated once XRP lost the $2.94–$2.71 region (0.618–0.5 Fib), flipping this area into strong overhead resistance and confirming a broader trend reversal.

EMA Structure (Bearish Alignment)

20 EMA – $1.94

50 EMA – $2.04

100 EMA – $2.22

200 EMA – $2.35

XRP continues to trade below all major EMAs, with the 20/50/100/200 EMA stack clearly bearish. These averages are acting as dynamic resistance, confirming that current price action remains corrective rather than trend-reversing.

Fibonacci & Price Structure

1 Fib: $3.66

0.786 Fib: $3.26

0.618 Fib: $2.94

0.5 Fib: $2.71

0.382 Fib: $2.49

0.236 Fib: $2.22

Fib 0: $1.77

XRP is currently consolidating just above the $1.77–$1.85 demand zone, aligned with the Fib 0 level at $1.77 and the lower boundary of the descending channel. This area represents a critical long-term support, where selling pressure has visibly slowed.

Price compression at channel support increases the probability of a short-term relief bounce or sideways consolidation, though any upside is likely to face heavy resistance at higher Fibonacci levels.

RSI Momentum

RSI (14): 60

RSI has rebounded into the neutral-to-bullish zone, suggesting short-term momentum recovery. However, this strength is not yet confirmed by bullish structure, indicating the move remains counter-trend.

📊 Key Levels

Resistance

$1.94–$2.04 (20 & 50 EMA)

$2.22 (0.236 Fib)

$2.49 (0.382 Fib)

$2.71 (0.5 Fib)

$2.94 (0.618 Fib)

Support

$1.77–$1.85 (major demand / channel base)

$1.77 (Fib 0 – critical support)

$1.60 (extended downside support)

📌 Summary

XRP is consolidating at a major demand zone after a prolonged decline within a descending channel. While bearish momentum has weakened and RSI shows short-term recovery, the broader trend remains bearish unless XRP can reclaim the $2.20–$2.70 resistance zone with strong follow-through.

A breakdown below $1.77 would expose XRP to further downside risk toward the $1.60 region, while any upside move remains corrective until proven otherwise.

$XRP
#CryptoMarketRebound