Summary
- XRP holds above long-term support despite persistent selling.
- Downtrend remains intact with key EMAs forming a resistance wall…
Summary
- XRP holds above long-term support despite persistent selling.
- Downtrend remains intact with key EMAs forming a resistance wall.
- Outflows continue, but sellers fail to break the $1.98 base.
Dennis Diatel Photography/iStock Editorial via Getty Images
By Jainam Mehta
XRP (XRP-USD) trades near $2.09 after defending long-term support again, but the broader structure still shows an asset trapped beneath heavy resistance. The rebound is steady, yet it lacks the force needed
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Quick Insights
Key resistance sits at $2.27 and $2.43, while support is anchored at $1.98–2.00; a breakdown below $1.98 exposes $1.84 and $1.72.
Negative netflows and speculative long dominance suggest seller exhaustion, but persistent lack of trend conviction implies continued range-bound, tactical trading.
Potential Fed rate cuts or a weaker dollar may prompt rotation into altcoins, but without a near-term narrative, XRP remains highly sensitive to broad risk sentiment shifts.