Overview
- XRP traded around $2.25–$2.30 after losing the $2.40 level, with CoinDesk noting a looming 50/200-day moving average death cross for the first time since May.
- Analysts outline near-term supports at $2.30 and $2.25, a measured breakdown target near $1.80, and deeper Fibonacci/Elliott levels around $2.04 and $1.72.
- Momentum gauges weakened as the RSI hovered near 37, the MACD teased a bearish crossover, and short- to medium-term moving averages flattened.
- Participation retreated with open interest sliding from about $4.26 billion to $3.54 billion and market cap down roughly 5.7%, while one tracker flagged whale sales near 900,000 XRP over five days.
- A decisive rebound that reclaims and closes above roughly $2.70–$2.75 is cited by multiple analysts as the invalidation of the bearish setup and a potential path toward $3.20.