XRP Technical Outlook: Price Tests Critical Demand Zone as Downtrend Channel Remains Intact



XRP continues to trade under strong bearish pressure, moving within a well-defined descending channel after failing to sustain above key Fibonacci resistance levels. Price has now reached a major demand and support zone, where sellers are slowing and buyers may attempt a short-term defense.

Despite the recent weakness, XRP is approaching a technically important area that could decide the next medium-term move.

Trend Structure & Market Bias

XRP remains in a clear downtrend, confirmed by:

Lower highs and lower lows

Price trading below the descending trendline

Repeated rejections from EMA resistance

As long as XRP stays below the channel resistance and key EMAs, the broader bias remains bearish.

EMA Structure (Bearish Alignment)

XRP is currently trading below all major moving averages:

20 EMA — 1.990

50 EMA — 2.142

100 EMA — 2.324

200 EMA — 2.414

The $2.14–$2.41 zone acts as a strong resistance cluster. A breakout above this range is required to shift short-term momentum bullish.

Key Support & Demand Zone

Price is now sitting inside a strong demand zone near $1.82–$1.90, which aligns with:

Channel lower boundary

Historical demand area

Previous accumulation zone

This zone is critical. A sustained hold here could trigger a technical bounce, while a breakdown would open further downside risk.

Bullish Recovery Levels

If XRP holds current support and buyers step in, upside recovery targets include:

$2.25 (0.236 Fib) — first resistance

$2.52 (0.382 Fib) — structure recovery

$2.74 (0.5 Fib) — mid-range resistance

$2.95 (0.618 Fib) — trend shift level

$3.26 (0.786 Fib) — major reversal zone

A break above $3.26 would invalidate the current bearish structure.

Bearish Continuation Scenario

Failure to hold the $1.82–$1.90 demand zone could lead to:

Deeper downside continuation

Expansion of the descending channel

Retest of lower historical support zones

This would confirm sellers remain firmly in control.

Momentum Indicator (RSI)

RSI (14): 41.77

RSI remains below the neutral 50 level, confirming weak momentum. However, RSI is stabilizing, suggesting selling pressure is slowing near support.

📊 Key Levels Summary

Resistance

$2.14–$2.41 (EMA cluster)

$2.52

$2.74

$2.95

$3.26

Support

$1.90

$1.82 (major demand)

📌 Summary

XRP remains in a bearish trend, trading inside a descending channel and below key EMAs. Price is now testing a critical demand zone around $1.82–$1.90, where a short-term bounce is possible. Bulls must reclaim $2.25+ to improve structure, while a breakdown below support would confirm further downside continuation.

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Discoveryvip
· 12m ago
Merry Christmas ⛄
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Ryakpandavip
· 4h ago
Just go for it💪
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