XRP Nears Critical Support as Price Drops Toward 200 EMA

XRP is currently trading around $2.09, down 2.24% on the day, and approaching a critical technical support level at the 200-day Exponential Moving Average (EMA), near $1.94. This zone has historically served as a strong support area, and a decisive breakdown could trigger a steeper correction.

Since peaking above $3.30 in early 2025, XRP has been stuck in a persistent downward channel. Repeated breakout attempts have failed, with price action continuing to print lower highs. The technical outlook remains bearish, with the 50 EMA (orange) and 100 EMA (blue) both sloping downward. XRP recently broke below the 100 EMA and the 26 EMA (green), further confirming growing selling pressure.

The Relative Strength Index (RSI) has dipped below the neutral 50 level, currently sitting at 38.4, suggesting weakening bullish momentum and potential entry into oversold territory. This bearish narrative is supported by increasing red volume bars, signaling that sellers are still in control.

If XRP fails to hold the 200 EMA, the next major support lies in the $1.75–$1.80 range. A clean break below this zone could invalidate any short-term bullish outlook and potentially push the price further down toward $1.50.

However, if bulls defend the 200 EMA, a bounce could drive XRP back toward the $2.30–$2.40 region. For this scenario to play out, broader market sentiment would need to shift more favorably.

As XRP approaches this make-or-break moment, traders are closely watching the 200 EMA level to determine the next major move in price.