XRP Signals Bearish Momentum as Ripple Faces Key Support

XRP is currently navigating a challenging phase as Ripple shows clear signs of bearish momentum. After failing to overcome a key resistance level, the digital asset has slipped below crucial technical indicators, sparking concerns of a potential extended correction.

XRP’s Daily Performance Update

On the daily chart, Ripple recently attempted to break free from a prolonged consolidation pattern. However, its upward move encountered intense selling pressure near the upper boundary of a descending wedge, situated close to the $2.5 mark. This resistance proved too strong, and XRP was promptly pushed downward.

Following this rejection, XRP dropped beneath both the 100-day and 200-day moving averages. These levels, previously offering dynamic support around the $2.2 price mark, have now become barriers rather than cushions. The breakdown signifies notable weakness in market structure and could signal that sellers remain in firm control.

More worrying was the emergence of a classic technical signal known as the “death cross,” where the 100-day moving average crosses below the 200-day moving average. This crossover often reflects a medium- to long-term bearish phase and is typically followed by additional declines.

With downward momentum building, traders will now look to important support zones to see if bulls can stabilize the asset. The $2 psychological threshold stands as the first battleground, followed by the wedge’s lower trendline near $1.5. Sustaining above these levels could offer relief, but the trend remains tilted to the downside unless price action suggests otherwise.

Short-Term XRP Trends

Zooming in on the 4-hour chart, a clearer picture of short-term price action emerges. XRP had been progressing gradually within a smaller ascending wedge, a structure often signaling potential breakdowns. As anticipated by this pattern, XRP breached the wedge’s lower support line near $2.3, confirming bearish sentiment in the near-term landscape.

Currently, the asset is testing the $2.1 level—a key support area that could determine the direction of the next move. A strong breakdown below this level could accelerate selling momentum, potentially dragging XRP toward the lower $1.5 area where stronger support exists.

Alternatively, if buying interest emerges, XRP may enter a temporary consolidation phase between the $2 and $2.3 levels. However, this consolidation would still reside within a bearish bias unless a notable recovery breaks the prevailing trend of lower highs and lower lows.

In either case, the current setup points toward an environment where Ripple must quickly regain lost ground to prevent further technical damage. Otherwise, the path of least resistance continues to point south.

Related: Expert Advice: Sell XRP If You’re Confused

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