XRP at a Crossroads: Testing Key Support Levels Amid Bearish Signals

XRP price action is delicately balanced as it hovers around the 50-day Exponential Moving Average (EMA) at $2.92, a level that now doubles as both immediate support and resistance. The inability to firmly establish momentum above this zone highlights the growing downside pressure in the market.

On the daily chart, the Relative Strength Index (RSI) has slipped further into bearish territory, with a crossover below the signal line confirming the persistence of seller dominance. This alignment suggests that bulls may find it increasingly difficult to force a recovery above the 50-day EMA barrier.

Further weakening sentiment comes from the Moving Average Convergence Divergence (MACD) indicator, which has maintained a sell signal since September 22. As long as the blue MACD line remains below the red signal line, bearish momentum is likely to continue building, reinforcing risk-off conditions for traders.

If XRP decisively breaks below the 100-day EMA at $2.837, downside acceleration could take the price toward the $2.70 demand zone. Failure to hold there would expose the next critical supports at the 200-day EMA ($2.61) and the psychological $2.50 round figure, both of which may serve as potential stabilization points.

In the short term, XRP’s ability to defend current support levels will determine whether it can nurture a rebound attempt or if the bears seize full control and extend the correction further.

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