XRP Faces Renewed Bearish Pressure as Sellers Dominate the Market

After a brief recovery earlier this week, XRP has once again shifted from bullish optimism to renewed bearish momentum. The cryptocurrency dropped by nearly 1.7% in the past 24 hours, failing to sustain its position above the critical $2.50 resistance level. This sharp reversal signals that sellers are regaining control, leaving investors cautious about XRP’s short-term prospects.

On the daily chart, XRP’s technical outlook remains concerning. Since late August, the token has been moving within a descending channel, consistently forming lower highs—a clear indication of ongoing bearish pressure. The recent rejection near the $2.70 zone, aligning with the 50-day moving average, further confirmed strong resistance in this range. Following this, XRP has slipped below the 200-day moving average, a traditionally bearish indicator suggesting the potential for deeper declines.

Momentum indicators also paint a gloomy picture. The Relative Strength Index (RSI) remains below 40, showing weak buying interest, while trading volumes indicate increasing sell-side activity. If current market conditions persist, XRP could continue its downward trend, with key support levels near $2.20 and $2.00. A more severe decline toward the psychological level of $1.00 is also possible, where stronger demand might eventually stabilize prices.

Despite broader market uncertainty, XRP’s technical structure appears particularly vulnerable. To reverse its current trajectory, the token must reclaim and sustain levels above the $2.70–$2.80 resistance zone. Until then, the inability to stay above major moving averages reinforces the bearish sentiment. As liquidity shifts and market sentiment evolve, XRP’s future largely depends on whether buyers can regain control before the token experiences a deeper correction.