XRP Price at Crucial $1.80 Support: Recovery or Collapse?

XRP is facing a critical inflection point as it trades around the $1.80 mark— the lower boundary of its long-standing descending price channel. This level, historically known for triggering bullish reversals, is now being tested again amid growing selling pressure. The asset has remained within this channel since its post-November 2024 rally, but recent retests have weakened this crucial support zone, making this moment pivotal for its future trajectory.

The current price action signals that XRP must either rebound strongly or risk a steep drop toward the $1.50 level or lower. A breakdown from here could shatter the channel's structure and lead to panic-selling, erasing months of gains. Technically, the picture is mixed. The Relative Strength Index (RSI) hovers near 34, indicating potential for a short-term bounce, but the persistent red candles paired with high volume suggest sustained selling pressure rather than a final capitulation.

Further confirming the bearish outlook, both the 50-day and 100-day moving averages continue their downward trend, reinforcing the medium-term negative sentiment. Still, hope remains for XRP bulls. A decisive rebound from this level, especially if accompanied by rising volume, could revive the bullish channel and target resistance levels between $2.15 and $2.25.

With market sentiment hanging in the balance, the next 48 hours could define XRP's direction for weeks to come. If buyers fail to step in now, the asset may slide deeper into bearish territory. XRP’s fate is on the line—it's truly a now-or-never moment for bulls.