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XRP Technical Breakdown: Is More Downside Coming?

XRP has just slipped below the key $2.42 support level and is now trading around $2.39. 

XRP Chart (Source Coingecko)

After a recent breakout to $2.65, the price is now retracing, confirming the correction phase I mentioned earlier.

From a technical perspective:

  • EMA50 is still above EMA200, but today’s candle has closed below the EMA200, hinting at the formation of a death cross — a classic bearish signal.

  • RSI is neutral, suggesting the market isn’t oversold yet and still has room to move either way.

If XRP fails to hold the $2.35 level, further downside pressure could follow. While the longer-term trend remains intact for now, short-term caution is advised.

Key Levels to Watch:

  • Support: $2.35

  • Resistance: $2.42 and $2.65

 Stay updated and manage your risk. The market is shifting fast.


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