XRP Technical Outlook: Price Rebounds from Demand Zone but Trend Still Bearish

XRP continues to trade inside a descending channel, consistently forming lower highs and lower lows since August. Recently, price found support at the $1.90–$1.95 demand zone, triggering a short-term bounce, but momentum remains weak as XRP stays below all major EMAs.

The rebound stalled near the 0.236 Fib level at $2.254, which now acts as immediate resistance. A daily close above this level is essential for bullish momentum to develop. Until then, sellers remain in control, especially with the 20 EMA ($2.183), 50 EMA ($2.335), 100 EMA ($2.487), and 200 EMA ($2.506) all acting as layered resistance overhead.

If XRP fails to reclaim $2.25, price may revisit the lower support at $1.95, and a break below $1.82 (Fib 0 and channel support) could trigger a deeper decline, potentially extending the downtrend.

To shift the structure bullish, XRP must break above the $2.52–$2.74 zone, which aligns with the 0.382 and 0.5 Fib levels and the descending channel’s upper boundary. A breakout above $2.95–$3.26 (0.618–0.786 Fib) would confirm a mid-term trend reversal.

RSI currently sits around 38.46, indicating weak momentum but not yet oversold — suggesting the market still has room for volatility before a strong reversal.

📊 Key Levels

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 (demand zone)

$1.82 (key swing low & channel support)

RSI

38.46 — weak momentum, not oversold

📌 Summary

XRP is holding at an important demand zone but remains in a clear downtrend inside a descending channel. A move above $2.25 is the first bullish signal, but a true trend reversal requires a breakout above $2.74–$2.95. Failure to hold current support could drag the price back toward $1.82.

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