XRP Technical Outlook: XRP Attempts Rebound but Downtrend Channel Still Dominates

XRP is showing signs of a mild recovery after bouncing from the lower boundary of its descending channel, but the broader structure remains firmly bearish. The recent rejection from the $2.74–$2.95 resistance region (0.5–0.618 Fib) confirmed strong selling pressure, pushing XRP below the 20 EMA ($2.21), 50 EMA ($2.39), 100 EMA ($2.53), and 200 EMA ($2.53) — all now acting as layered resistance.

Price briefly dipped near $1.82, the major support level marked on the chart, before recovering back above the $2.20–$2.26 zone. While the bounce looks constructive, XRP remains inside the long-term descending channel, indicating the downtrend is still intact.

A daily close above $2.25 (0.236 Fib) would be the first sign of short-term stabilization, but bulls need to reclaim $2.52 (0.382 Fib) and then close above $2.74 (0.5 Fib) to break momentum. Only a breakout above $2.95 (0.618 Fib) and the upper channel line would confirm a medium-term bullish reversal.

On the downside, a failure to hold above $2.20 could drag price back toward $2.00 and potentially retest $1.82, where strong support has previously held.

The RSI at 40.2 shows improving momentum but remains below neutral, signaling that sellers still have the upper hand unless XRP breaks above multiple resistance levels.

📊 Key Levels

Resistance:

$2.25 → $2.52 → $2.74 → $2.95

Support:

$2.20 → $2.00 → $1.82

RSI:

40.2 — Recovering but still below neutral

📌 Summary

XRP is attempting a rebound from major support, but the descending channel continues to limit upside momentum. While short-term recovery is possible, a meaningful trend reversal will only be confirmed if XRP breaks above $2.52–$2.74 with strong volume.

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