XRP Tests Critical Support at 200 EMA Amid Bearish Pressure

XRP is at a critical juncture as it tests the 200-day Exponential Moving Average (EMA), a key long-term support level that has historically served as a launchpad for bullish reversals. Currently trading near $2.16, XRP faces mounting pressure; failure to hold this level could trigger a sharp decline. A decisive drop below the 200 EMA may lead to a fall toward the next significant support around $1, potentially halving the asset’s value from recent highs.

Despite the bearish sentiment, a strong intraday bounce at the 200 EMA suggests that bulls are still actively defending this level. However, persistent lower highs and the formation of a descending triangle pattern over recent weeks point to weakening momentum. The situation is further exacerbated by declining trading volume, indicating waning investor interest as XRP approaches this crucial price threshold.

Technical indicators reinforce this cautious outlook. The Relative Strength Index (RSI) hovers just below 45, suggesting a neutral to bearish bias. If XRP fails to recover above the cluster of resistances at $2.25–$2.26, which includes the 50 and 100 EMA, bearish momentum may continue. A breakout above this zone, however, could spark a reversal and drive XRP toward $2.50 and beyond.

Investors are closely watching this inflection point. A sustained recovery could revive bullish sentiment, but a breakdown would mark a significant shift in market structure, possibly leading to extended losses. For now, XRP stands at its last real chance to avoid a deeper plunge and reclaim its bullish trajectory.