📉 XRP Technical Outlook : XRP Slides Toward $2.10 — Can Bulls Defend Key Support?

XRP continues to trade within a descending channel, maintaining its bearish momentum after failing to hold above key moving averages. The token has dropped below the 0.236 Fibonacci support at $2.32, currently hovering around $2.21, reflecting sustained selling pressure.

The 20 EMA ($2.48), 50 EMA ($2.62), 100 EMA ($2.69), and 200 EMA ($2.59) are all sloping downward — a classic sign of persistent bearish bias. Unless XRP can reclaim these EMAs, the path of least resistance remains to the downside.

The lower boundary of the descending channel near $2.10–$2.00 serves as the next critical support zone. A breakdown below $2.00 could expose XRP to deeper losses toward the $1.90 Fib extension level.

On the upside, immediate resistance lies near $2.32 (0.236 Fib) and the 20 EMA ($2.48). A confirmed breakout above $2.58–$2.69 would indicate renewed buying momentum, potentially targeting $2.78 (0.5 Fib) and $2.99 (0.618 Fib).

The RSI (33.9) is approaching oversold territory, suggesting a possible short-term technical rebound; however, overall trend strength remains weak.

📊 Key Technical Levels

Resistance: $2.32 → $2.48 → $2.69 → $2.99

Support: $2.10 → $2.00 → $1.90

RSI: 33.9 — nearing oversold

Outlook: XRP is testing critical lower trendline support within its descending channel. A rebound could occur from current levels, but failure to hold $2.10 risks extending the correction toward $1.90. The trend remains bearish below $2.50, with momentum favoring sellers in the short term.

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