XRP Technical Outlook: XRP Breaks Descending Channel After Prolonged Corrective Phase

XRP has spent several months trading inside a well-defined descending channel, following a sharp rejection from the $3.40–$3.65 macro supply zone, where price topped near the 1.0 Fibonacci level. This rejection marked a clear trend reversal, ending the prior bullish impulse and initiating a sustained corrective phase.

Selling pressure persisted as price respected the descending channel resistance, producing lower highs throughout the decline. The corrective move began to lose momentum once XRP reached the $1.77 major demand zone (Fib 0), where buyers stepped in aggressively.

EMA Structure (Bearish With Improving Momentum)

20 EMA – $2.009
50 EMA – $2.064
100 EMA – $2.226
200 EMA – $2.347

XRP has reclaimed the 20 & 50 EMA, signaling a short-term momentum shift in favor of buyers. However, price remains below the 100 & 200 EMA, keeping the broader trend corrective. The $2.22–$2.35 region represents a key dynamic resistance zone that must be reclaimed to confirm further upside.

Fibonacci & Price Structure

1 Fib: $3.661
0.786 Fib: $3.256
0.618 Fib: $2.938
0.5 Fib: $2.715
0.382 Fib: $2.492
0.236 Fib: $2.216
Fib 0: $1.770

XRP is trading above the $1.95–$1.77 major demand zone, aligned with the Fib 0 level, where downside momentum stalled. Recent price action shows higher lows, indicating base formation and increasing probability of a relief rally.

A sustained move above $2.22 (0.236 Fib) opens the door toward $2.49–$2.71, where strong Fibonacci and EMA confluence resistance exists. A structural shift would require acceptance above $2.71 (0.5 Fib).

RSI Momentum

RSI (14): 68

RSI has moved into bullish momentum territory, confirming increasing buying pressure following the channel breakout. While momentum supports continuation, RSI levels also suggest near-term consolidation is possible around resistance zones.

📊 Key Levels

Resistance

$2.22 (0.236 Fib)
$2.35 (200 EMA)
$2.49 (0.382 Fib)
$2.71 (0.5 Fib)

Support

$2.05–$2.00 (20 & 50 EMA)
$1.95 (breakout retest)
$1.77 (Fib 0 / major demand)

📌 Summary

XRP is showing early recovery signs after defending a long-term demand zone and breaking out from a prolonged descending channel. While short-term momentum has turned bullish, the broader structure remains corrective unless price can reclaim the $2.49–$2.71 resistance zone with strength. Failure to hold above $2.00–$1.95 would place XRP back under downside pressure.

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