XRP Technical Outlook: Price Holds Key Support but Downtrend Remains Dominant

XRP is trading within a clearly defined descending channel, with the price repeatedly rejected from the upper trend line and forming lower highs since August. Recently, XRP bounced off the support area of $1.82–$1.90, creating a temporary base and preventing a deeper decline.
However, the broader trend remains bearish as XRP continues to trade below all major EMAs —
20 EMA ($2.201), 50 EMA ($2.349), 100 EMA ($2.496), and 200 EMA ($2.511).
This EMA is tightly clustered and acts as a heavy dynamic resistance above.
XRP is currently struggling near the Fib level 0.236 at $2.254, which is the first major resistance that needs to be reclaimed by the bulls. A daily close above this level will be the first sign of short-term strength.
Above that, the key resistance level is at:
$2.52 (0.382 Fib)
$2.74 (0.5 Fib)
$2.95 (0.618 Fib)
$3.26 (0.786 Fib)
The entire zone aligns with descending channel peaks, making it a major reversal zone for a larger bullish trend.
If XRP fails to break through $2.25, the price may visit the support block around $1.90–$1.95.
A drop below $1.82 ( major swing low ) risks a sharper decline towards the next psychological support near $1.70.
RSI remains weak at 45.82, showing slight improvement but still below the midpoint — indicating that momentum favors sellers unless a breakout occurs.
📊 Key Level
Resistance
$2.25 (0.236 Fib)
$2.52 (0.382 Fib)
$2.74 (0.5 Fib)
$2.95 (0.618 Fib)
$3.26 (0.786 Fib)
Support
$1.95–$1.90
$1.82 (swing low besar)
RSI
45.82 — Weak momentum but improving
📌 Summary
XRP is holding important support in a descending channel, but remains bearish below the EMA cluster and key Fib levels. A breakout above $2.25 could initiate a short-term recovery, while breaking below $2.74–$2.95 is crucial for a strong trend reversal. Failure to maintain current support risks a drop towards $1.82 or lower.
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