XRP remains one of the weakest-performing large-cap altcoins in the crypto market, with technical indicators continuing to signal bearish pressure. The digital asset has repeatedly tested the crucial support zone near $1.38 but failed to establish a convincing recovery, raising concerns among traders about the possibility of another major downward move.
Recent XRP price action shows a pattern of repeated rejection near descending resistance levels, a structure that often reflects distribution rather than accumulation. Analysts note that buyers have struggled to regain control, and the broader trend still points lower. XRP is currently trading below its 50-day, 100-day, and 200-day moving averages, all of which continue to slope downward — a classic indication of ongoing weakness in market structure.
In stronger bull cycles, cryptocurrencies typically recover above short-term moving averages quickly after corrections. However, XRP has failed to achieve that recovery for several months, increasing doubts about bullish momentum returning anytime soon.
The latest breakout attempt also lacked strong buying conviction. Although XRP briefly moved higher, momentum faded before the asset could challenge significant resistance near the 100-day moving average. Instead of continuing upward, the market returned to sideways consolidation, a behavior that often precedes another wave of volatility to the downside.
The Relative Strength Index (RSI) currently remains neutral, reflecting exhaustion from both buyers and sellers. Still, during established downtrends, neutral RSI conditions generally favor bearish continuation rather than recovery.
The key focus for traders now is whether XRP can maintain support around the $1.38 level. A breakdown below this zone could trigger accelerated selling pressure as leveraged long positions unwind. For bulls to invalidate the bearish outlook, XRP would need a decisive breakout above descending trendline resistance combined with significantly stronger trading volume.
Until that happens, analysts believe current rallies may simply represent temporary relief bounces within a broader corrective phase for XRP.
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