XRP Reenters 200 EMA Zone Amid Bearish Signals

XRP has returned to the critical 200-day Exponential Moving Average (EMA), a key threshold separating bearish and bullish phases. After its recent rally stalled at $2.30, XRP slipped below short-term indicators like the 50 and 100 EMAs. It is now hovering near the 200 EMA at approximately $1.98—a pivotal support level that could define its longer-term trajectory.

The asset’s current stance is fragile. A sustained hold above the 200 EMA could preserve its broader bullish structure. However, momentum is waning. Bearish trading volume is on the rise, and the Relative Strength Index (RSI) is sliding toward oversold territory, currently near 42. This suggests growing downward pressure despite not yet reaching extreme levels.

A decisive close below the 200 EMA would significantly weaken the bullish outlook. The psychological $2.00 barrier may collapse, with the next major support levels seen at $1.90 and $1.75—regions last visited in early April. Conversely, bulls would need to reclaim the $2.15–$2.17 range to challenge the bearish trend. This area, now acting as a resistance cluster, aligns with the previous EMA confluence zone, making it a crucial target for any recovery attempt.

Technically, XRP appears to be resetting. After losing ground above key EMAs, the token is now at a crossroads. A breakdown below the 200 EMA could tilt sentiment sharply bearish, while holding it keeps the long-term trend intact. Traders are closely watching this level as XRP attempts to stabilize amid mixed signals. The coming sessions will likely determine whether XRP can rebound or face further correction.