Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español.
XRPis once again under the spotlight as its price action shows signs of weakening across multiple timeframes. After a brief period of relative stability, recent breakdowns on the daily and intraday charts suggest a shift in market momentum that traders can’t ignore. As bearish pressure mounts and critical support levels begin to falter, XRP’s next move has become a major topic – will it find its footing soon, or is a deeper correction on the horizon? The XRP Key Bullish Divergence
In an X update, prominent crypto analyst Gowanus Monster highlighted a critical technical development for XRP. According to his analysis, the token has completed a bearish Descending Triangle formationacross multiple timeframes, a classic pattern that often signals continuation to the downside. Based on the measured move from this structure, the projected target is around $1.90, suggesting a potentially significant retracement if bearish momentum continues to build. Related Reading XRP Price Slips Again — Is a Deeper Correction Underway? 1 day ago
Zooming out to the weekly chart, the pattern is beginning to evolve into a well-defined structure, with clear upper and lower boundaries. Gowanus Monster noted that the current focus lies on identifying a higher low within this channel. Source: Gowanus Monster on X
He also pointed to a key principle: when a price reboundfrom the upper boundary of a descending channel fails to reach the lower boundary, instead bottoming out early, it often precedes a bullish breakoutto the upside. This nuanced behavior, if confirmed, may set the stage for XRP to defy the current bearish structure and ignite a fresh rallybeyond the confines of its channel. Bear Trap Scenario: When Oversold Meets Demand
Accordingto crypto analyst GemXBT, XRP remains firmly entrenched in a short-term downtrend, with price action currently trading below the 5, 10, and 20-period moving averages. This alignment of moving averages is a classic sign of sustained bearish momentum, suggesting that sellers continue to dominate the market in the near term. Related Reading XRP Price Confirms Bullish Reversal Setup With This Demand Zone 1 week ago
Presently, the Relative Strength Index (RSI) has dipped into the oversold zone, suggesting an imminent reversal or a period of consolidationas the market seeks equilibrium. Meanwhile, the MACD line remains below the signal line, indicating that downside pressure persists, and any potential recovery could face headwinds.
From a price structure standpoint, GemXBT identified key support around $2.15, which could serve as a critical level for buyers to step in and defend. On the upside, resistance lies near $2.25, a zone that bulls would need to reclaim in order to shift short-term sentiment. The recent uptick in trading volume is worth noting, as it could introduce more volatility in the sessions ahead, either accelerating a breakdown if supportfails or fueling a sharp recovery if sentiment flips. XRP trading at $2.13 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from Getty Images, chart from Tradingview.com