XRP price is failing to reclaim the 200-day moving average, showing clear signs of buyer exhaustion as weakness builds and downside risk toward the $2.20 support continues to grow.
Summary
- XRP repeatedly fails to reclaim the 200 MA, confirming ongoing weakness.
- Low-volume bounce suggests sellers remain in control near $2.72 resistance.
- Downside risk elevated, with $2.20 support likely to be retested next.
Ripple (XRP) price is showing increasing signs of weakness as the price continues to struggle beneath the 200-day moving average, a level that has repeatedly acted as a significant resistance barrier throughout the recent downtrend.
The most recent attempt to reclaim this level resulted in another harsh rejection, highlighting a lack of bullish conviction and raising concerns of a continued decline toward lower support levels. With bearish momentum building, market participants are watching closely to determine whether XRP can stabilize or whether further downside is imminent.
XRP price key technical points:
- Major Resistance: The 200 MA aligns with the $2.72 resistance zone, 0.618 Fibonacci, and value area low.
- Primary Support: $2.20 remains the crucial high-timeframe support preventing a deeper breakdown.
- Weak Bounce: Recent upside movement is low-volume, resembling an oversold bounce rather than a reversal.
XRP’s recent price behavior reflects a classic sign of market exhaustion. After failing to reclaim the 200-day moving average, the asset produced a new swing low, solidifying the broader bearish market structure. Although price has initiated a temporary bounce, the move carries clear signs of weakness, most notably the declining volume that indicates buyers are not stepping in with conviction.
The $2.72 resistance zone remains a major technical hurdle. This level carries multiple confluences: the 200-day moving average, the 0.618 Fibonacci retracement, and the value area low from the previous range. Historically, zones with overlapping technical resistance often produce strong rejections, and XRP has already shown multiple failed attempts in this region.
The current bounce toward resistance appears more corrective than impulsive, suggesting that the broader downtrend remains intact. Unless bulls push XRP above the 200 MA with strong volume, another rejection is likely, confirming a lower high and signaling a continuation toward lower support.
A move back to the key $2.20 support remains the most probable outcome if weakness persists. This region previously halted aggressive downside and must hold again to prevent a deeper capitulation move. A decisive close below $2.20 would open the door for further declines and potentially a retest of even lower liquidity pockets.
What to expect in the coming price action
XRP must reclaim $2.72 and the 200 MA to neutralize ongoing bearish momentum. Failure to break this resistance increases the likelihood of a return to $2.20 support, with further downside risk still dominant.
