XRP Technical Outlook: Price Pressured Near $2.10 as Downtrend Channel Holds Strong

XRP continues to trade inside a clear descending channel, repeatedly getting rejected from the upper trendline and making lower highs since July. The recent drop has pushed the price back toward the channel support near $2.10, keeping bearish momentum in control.

XRP also remains below all key EMAs — 20, 50, 100, and 200 EMA — confirming that buyers have not regained any meaningful strength. The 0.236 Fib at $2.32 is acting as immediate resistance, and only a breakout above this level would hint at a short-term shift.

On the upside, XRP needs to reclaim the 0.382 Fib ($2.57) and then break above the channel’s upper boundary around $2.58–$2.78 to trigger a bullish reversal. Until then, the trend remains downward.

RSI sits around 37, showing weak momentum but not fully oversold — suggesting the price may continue to drift lower unless buyers step in near support.

📊 Key Levels to Watch

Resistance:
• $2.32 (0.236 Fib)
• $2.57 (0.382 Fib)
• $2.78 (0.5 Fib)
• $2.99 (0.618 Fib)
• $3.28 (0.786 Fib)

Support:
• $2.10 (Channel Support)
• $1.90 (Major Support / 0 Fib)

RSI: 37 — weak momentum, slightly bearish

📌 Summary

XRP remains inside a strong downtrend, holding near the channel bottom with limited buyer strength. A bounce is possible from $2.10, but the overall structure stays bearish unless XRP breaks above the $2.57–$2.78 zone. Losing $2.10 could open a deeper correction toward $1.90.

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