XRP’s technical outlook continues to deteriorate with each passing week, reinforcing the possibility of a medium-term drop toward the $1 mark. The recent death cross — when the 50-day moving average slipped below the 200-day moving average — has validated traders’ fears that the previous bullish cycle has ended and that a more substantial bearish trend could be developing.
After several rejections near $2.60, XRP now trades around $2.39, showing little strength to maintain upward momentum. Converging and downward-sloping moving averages have turned this zone into a formidable resistance level, making it increasingly difficult for bulls to regain control.
Market signals further confirm the weakening structure. Trading volume has been declining, a clear indication that both institutional and retail investors are losing interest. While other altcoins are seeing short-term inflows, XRP’s lack of buying activity highlights waning confidence. With the Relative Strength Index (RSI) hovering near 47, momentum remains neutral, often a precursor to further downside pressure.
From a structural standpoint, XRP has formed a consistent pattern of lower highs and lower lows, a classic signal of an extended downtrend. If the token fails to hold above the $2.30-$2.20 support range, the next significant floor lies near $1.90. A breakdown below that level could trigger a full retracement toward $1.00, aligning with the key accumulation zone established in early 2024.
Without renewed buy-side volume and a decisive breakout above resistance, XRP appears poised for continued weakness. The fading bullish sentiment, tightening resistance, and lack of strong momentum collectively suggest that a deeper correction remains likely in the weeks ahead.
