XRP Technical Outlook: Consolidating Above Macro Base Inside Descending Channel

XRP remains in a broader corrective downtrend after rejecting from the $2.39–$2.69 resistance cluster (0.5–0.618 Fibonacci zone).

Failure to sustain above 0.382 ($2.09) followed by a decisive breakdown below 0.236 ($1.719) triggered strong downside continuation.

Price is now consolidating around $1.34–$1.46, hovering just above the macro Fibonacci 0 level at $1.119.

This is a critical higher-timeframe support region.

EMA Structure (Bearish Alignment)

20 EMA: $1.460

50 EMA: $1.635

100 EMA: $1.851

200 EMA: $2.081

XRP is trading below all major EMAs, confirming bearish alignment across timeframes.

The $1.46–$1.63 zone (20 & 50 EMA cluster) now acts as immediate dynamic resistance.

Broader structural resistance remains between $1.85–$2.08.

Any upside move into these levels is likely corrective unless reclaimed with strong volume and sustained daily closes above them.

Fibonacci & Price Structure

0.786 Fib: $3.117

0.618 Fib: $2.690

0.5 Fib: $2.390

0.382 Fib: $2.090

0.236 Fib: $1.719

Fib 0 (Macro Base): $1.119

XRP failed to hold the 0.382–0.5 region and later broke below 0.236, confirming continuation of bearish structure.

Current consolidation between $1.34–$1.46 suggests temporary stabilization after aggressive selling pressure.

A breakdown below $1.30–$1.25 would expose XRP to the $1.119 macro base.

Holding above this zone could allow a relief bounce toward $1.46–$1.63 resistance.

RSI Momentum

RSI (14) is currently around 39–44, reflecting a mild recovery attempt from oversold conditions.

However, RSI remains below 50, meaning trend bias is still corrective rather than bullish reversal.

📊 Key Levels

Resistance

$1.46–$1.63 (20 & 50 EMA cluster)

$1.719 (0.236 Fib)

$2.090 (0.382 Fib)

$2.390 (0.5 Fib)

Support

$1.34–$1.40 (local consolidation zone)

$1.119 (macro base / Fib 0)

RSI: 42 — weak recovery

📌 Summary

XRP is stabilizing just above macro support within a broader descending channel.

While short-term consolidation is visible near $1.40, the overall structure remains bearish below $1.72–$1.85.

A sustained recovery requires XRP to reclaim $1.719 (0.236) and break above the EMA cluster.
Failure to hold above $1.30 would likely trigger continuation toward the $1.119 macro base.

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