XRP faces renewed downside pressure as the digital asset struggles to stay above the $2.00 psychological support. Recent price action reveals persistent bearish momentum, with the token remaining trapped under critical resistance levels and moving averages.
The technical indicators on the XRP/USDT chart currently display multiple warning indicators. The market structure was defined in recent weeks through a descending channel that contains the current price. Several attempts to surpass the 26-day Exponential Moving Average have failed, thus establishing it as robust resistance.
Additionally, the 50-day EMA is positioned above current levels, limiting the potential for any meaningful short-term upside. Currently, XRP fluctuates around $2.11, yet insufficient buying power overwhelms this trading spot, preventing any breakout confirmation.
Source: Tradingview
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Data from TradingView suggests the bears continue controlling the market because the most recent upswing stopped at the 26 EMA. The bulls failed to reverse the market direction, and no persistent upward price momentum has emerged to push the price higher.
Indicators Suggest Weak Momentum as Price Nears Critical Support
The Relative Strength Index is currently at 47.74, hovering in neutral territory with no visible bullish divergence. This reading suggests that momentum is lacking, and the market could be preparing for a move lower if support fails.
Current trading volume remains weak and thus adds additional negative pressure to the market. XRP must break through $2.00 to enter a potential decline toward the support area of $1.95. Failure at such support would trigger a reevaluation of XRP at its descending channel base.
Market participants are closely watching the $2.13 to $2.22 resistance range, which has proven challenging to surpass and could confirm the start of a deeper correction if not reclaimed.
The overall market structure leans bearish, and without a catalyst to shift sentiment, XRP’s current setup leaves it vulnerable to another leg down in the coming sessions.
Conclusion
XRP remains at risk of falling below $2.00 as it struggles to overcome key technical barriers. Weak volume, declining momentum, and firm resistance continue limiting upside potential. The coming days will be critical for traders as the price hovers near a decisive support level.
