XRP Technical Outlook: Breakdown From Descending Channel, Entering Deep Corrective Phase

XRP has been rejected from the $2.90–$3.60 macro supply zone (0.618–1 Fib) and continues to respect a broader descending channel after the cycle distribution top. Price is printing consistent lower highs and lower lows, confirming a bearish corrective structure.

Recent price action shows XRP losing the $1.72–$1.70 support cluster (0.236 Fib) and flushing into the $1.20–$1.12 macro demand base, where buyers are now attempting to slow the downside. However, overall structure remains bearish.

EMA Structure (Bearish Bias, No Trend Reversal Yet)

20 EMA: $1.66
50 EMA: $1.85
100 EMA: $2.03
200 EMA: $2.20

XRP is trading below all major EMAs, confirming a bearish medium- to long-term structure.
The $2.03–$2.20 zone (100 & 200 EMA) now acts as heavy dynamic resistance.

Fibonacci & Price Structure

1 Fib: $3.66
0.786 Fib: $3.11
0.618 Fib: $2.69
0.5 Fib: $2.39
0.382 Fib: $2.09
0.236 Fib: $1.72
Fib 0: $1.12

XRP has lost the 0.236 Fib ($1.72) and is now trading in the deep retracement zone (0.236 → 0 Fib) near macro demand.

A sustained reclaim of $1.72–$2.09 is required to shift structure back toward neutral.

Structural Context

Price remains inside a corrective descending channel, with no confirmed base yet.
Short-term demand is visible near $1.12–$1.20, but XRP must build a range before any bullish structure can develop.

A daily close back above $1.72 would be the first signal of structural improvement.

RSI Momentum

RSI (14): 35

RSI remains in bearish momentum territory, showing downside dominance. Relief bounces are possible, but momentum does not yet support a trend reversal.

📊 Key Levels

Resistance
• $1.72 (0.236 Fib / breakdown level)
• $2.09 (0.382 Fib)
• $2.39 (0.5 Fib)
• $2.69 (0.618 Fib)

Support
• $1.20–$1.12 (macro demand)
• $1.12 (Fib 0 / cycle base)

📌 Summary

XRP has completed a distribution → breakdown → markdown sequence from the 2025 highs. Price is now trading in a deep corrective phase with heavy resistance overhead. Until XRP can reclaim and hold above $1.72–$2.09, the structure remains bearish and corrective, not bullish.

$XRP ‌#CryptoMarketPullback