XRP Technical Outlook: XRP Attempts Recovery From Descending Channel After Prolonged Correction

XRP is trading within a well-defined descending channel after facing strong rejection from the $3.25–$3.66 macro supply zone, where price topped near the 0.786–1.0 Fibonacci levels. This rejection marked a clear distribution phase, ending the prior bullish impulse and triggering a sustained multi-month decline.

The bearish move accelerated once XRP lost the $2.94–$2.71 region (0.618–0.5 Fib), flipping this zone into a major resistance area and confirming a bearish structural shift.

EMA Structure (Bearish With Early Recovery Signs)

20 EMA – $2.035
50 EMA – $2.071
100 EMA – $2.223
200 EMA – $2.343

XRP remains below the 100 & 200 EMA, keeping the broader trend bearish. However, price has reclaimed the 20 & 50 EMA, signaling short-term recovery momentum. The $2.22–$2.35 zone remains a critical dynamic resistance area, closely aligned with the descending channel resistance.

Fibonacci & Price Structure

1 Fib: $3.661
0.786 Fib: $3.256
0.618 Fib: $2.938
0.5 Fib: $2.715
0.382 Fib: $2.492
0.236 Fib: $2.216
Fib 0: $1.770

XRP is consolidating above the $1.95–$2.05 major demand zone, aligned with the lower boundary of the descending channel and close to the Fib 0 level, where buyers previously defended aggressively. Recent price action shows higher lows, suggesting a base-building process and increasing probability of a relief rally.

A sustained move above $2.22 (0.236 Fib) opens upside toward $2.49–$2.72, where strong Fibonacci, EMA, and channel confluence resistance exists. A meaningful structural shift would require acceptance above $2.71 (0.5 Fib).

RSI Momentum

RSI (14): 56

RSI has pushed back above neutral, reflecting improving momentum and rising buyer participation. While this supports further upside attempts, RSI also suggests XRP is approaching near-term resistance zones, where consolidation or pullbacks may occur.

📊 Key Levels

Resistance

$2.22 (0.236 Fib)
$2.22–$2.35 (100 & 200 EMA + channel resistance)
$2.49 (0.382 Fib)
$2.71 (0.5 Fib)

Support

$2.05–$2.00 (short-term support)
$1.95–$2.05 (major demand zone)
$1.77 (Fib 0)

📌 Summary

XRP is showing early recovery signs after defending a major long-term demand zone at the base of its descending channel. While short-term momentum has turned positive, the broader structure remains corrective unless XRP can reclaim the $2.49–$2.71 resistance zone with strength. Failure to hold above $2.05–$1.95 would place XRP back under downside pressure toward the $1.77 area.

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