XRP Technical Outlook: Breakdown From Descending Channel Support, Entering Deep Retracement Zone
XRP has been rejected from the $3.20–$3.66 macro supply zone (0.786–1 Fib) and remains in a broader corrective structure after that distribution top. Since then, price has respected a descending channel, making consistent lower highs and lower lows.
Recent price action shows XRP losing the $2.02 (0.236 Fib) support and flushing into the $1.63–$1.50 macro demand base, where buyers are now attempting to slow downside momentum. However, structure remains bearish.
EMA Structure (Bearish Bias, No Trend