XRP price selling pressure after a strong rejection from $2.72 resistance, with price now trending lower toward $2 support as momentum weakens below the 200 EMA.
Summary
- XRP rejected at $2.72 resistance aligned with the 200-day MA.
- Price trends toward $2 support amid declining momentum.
- Consolidation likely between $2.00 and $2.72 before next directional move.
XRP (XRP) price has entered a corrective phase after failing to break through the $2.72 resistance zone, a highly technical level reinforced by the 200 EMA. The rejection from this confluence area has shifted market sentiment bearish, with price now trending toward the $2 support, a level that has not been retested since the last major rally.
The current setup suggests that XRP is likely to trade within a defined range between $2.00 and $2.72, as the market consolidates and absorbs recent volatility before deciding its next directional move.
XRP price key technical points
- Major Rejection: Price failed to break the $2.72 resistance level, aligned with the 200 EMA.
- Critical Support: $2 remains the next key high-timeframe support to defend.
- Range Formation: Price likely to consolidate between $2 and $2.72 before next breakout.
From a technical perspective, the $2.72 resistance region represents a major pivot zone for XRP. The confluence of this level with the 200 EMA made it a significant area of supply, and the recent rejection confirms that sellers remain in control around this region.
Following the rejection, XRP has slipped below the 200 EMA , which increases the probability of a continuation move toward $2.00. This support zone marks a structurally important level that served as the base of the last impulsive rally.
Despite the bearish tone, there remains a potential for range development if price can stabilize at or above $2. A period of sideways movement between $2.00 and $2.72 could emerge, providing time for momentum to reset before the next major expansion phase.
The broader market structure on XRP currently leans bearish in the short term but neutral on the mid-timeframe. The failure to reclaim resistance and weakness below the 200 EMA point to continued downside risk unless strong buying pressure returns at $2.
However, if buyers successfully defend $2 and reestablish a higher low, XRP could begin forming an accumulation range. A future breakout above $2.72 would then signal a potential shift back to bullish momentum.
What to expect in the coming price action
In the short term, XRP’s trajectory will depend heavily on how price reacts around $2.00 support. A decisive close below this level could trigger a sharper decline, whereas consistent closes above it would favor consolidation.
Until the 200 exponential moving average is reclaimed, the bias remains cautious, with potential weakness persisting.
