XRP Price Teeters on 26 EMA Support Amid Bearish Momentum

XRP is approaching a critical juncture as it tests the 26-day Exponential Moving Average (EMA), a key dynamic support level. Currently trading at $2.31, a break below this line could trigger a steep correction, with downside targets at $2.18 and potentially $2.04.

The recent rally that pushed XRP toward the $2.80 mark has clearly lost steam. A worrying trend is the steady decline in trading volume, indicating fading buyer interest. Without renewed capital inflows or a shift in sentiment, XRP may struggle to maintain its current level, let alone retest recent highs.

Traders had their sights set on the psychologically important $3.00 resistance, but that ambition has been undercut. Now, XRP is consolidating in a narrowing range, with each bounce growing weaker—another sign of weakening bullish strength.

Should the 26 EMA support fail, the asset is likely to enter a deeper correction phase. The $2.18 level could offer temporary support, but if that breaks, the path to $2.00 becomes increasingly plausible. Market sentiment reflects indecision, with most traders adopting a wait-and-see approach rather than committing capital.

On-chain metrics and broader market behavior further validate this neutral-to-bearish outlook. Unless trading volume rebounds and XRP reclaims key support levels, the bearish bias will likely persist in the short term.