XRP Bears Slow Down Near Key Support as Bulls Eye a Reversal
XRP has been under sustained bearish pressure over the past several sessions, but signs are emerging that this momentum may be starting to wane.
The price has hovered around the lower $2.16–$2.17 range, where critical support levels from previous structure and volume-based demand zones are starting to assert themselves. Notably, the Relative Strength Index (RSI) has stabilized just above oversold territory, hinting at possible exhaustion in the recent selloff.
A closer look at the exponential moving averages (EMAs) shows that XRP remains below both its 9-day and 20-day trend lines. This typically indicates a bearish bias. However, the gap between the EMAs and the current price has not significantly widened, which is often a sign that downward momentum is decelerating. If the XRP price begins to consolidate here, it could be an early signal that sellers are losing control and that buyers may soon begin probing for a reversal.
MACD Signals Subdued Bearish Continuation
The MACD histogram continues to print in negative territory, reinforcing that bearish sentiment still prevails. However, the histogram bars have started to contract slightly, which could suggest that selling pressure is no longer accelerating. This condition often precedes a trend change or at least a corrective bounce, especially if confirmed by RSI or price behavior near a key support zone.
Daily chart for XRP/USD (Source: GeckoTerminal)
On the downside, XRP is approaching the $2.1453–$2.1265 region, a critical support band that has previously attracted demand. If this level fails, the next significant support lies at $2.0619, which could serve as a target for XRP short trades should downward momentum resume. However, if buyers manage to defend this zone, a relief rally could unfold.
To the upside, the $2.2949 level stands as the immediate hurdle. A decisive breakout above this area would open the path toward the next resistance at $2.3238, and potentially even the stronger ceiling near $2.4311. Reclaiming these levels would mark a shift in sentiment and possibly reignite bullish momentum.
XRP Trading Strategies and Entry Points
For bullish XRP traders, a conservative long entry could be considered on a confirmed bounce above $2.1688 with strong volume and RSI divergence. An even more secure entry would involve reclaiming the 9 EMA, suggesting the trend is reorienting to the upside. Exits could be staged near the $2.2949 and $2.3238 resistance levels, while a stop below $2.1265 can help manage downside risk.
On the bearish side, traders might wait for a failed retest of the $2.2949 resistance or a breakdown below $2.1265 to enter short positions. Targets would then be set toward the $2.0619 level, especially if broader crypto market sentiment turns risk-off.
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