XRP is facing a critical turning point as key long-term support gives way for the first time in over 400 days. After consolidating near $2, the recent break below the 200-day moving average signals mounting pressure, placing the cryptocurrency in a high-stakes zone where the next move could determine its near-term trajectory.
The price remains below the $2 barrier as volatility decreases
WX postUmair Crypto noted that XRP faced mighty resistance near the psychological level of $2, which pushed the price into a tight consolidation range between $1.85 and $1.88. Such conditions often precede a edged move, suggesting that XRP may be approaching a decisive breakout or breakdown phase.
On the daily time horizon, XRP continues to show signs of resilience despite high pressure. Buyers have so far managed to defend nearby support zones, preventing a pristine collapse of the structure. This defensive price action sustains the broader upside scenario, especially if momentum improves and XRP recovers to higher levels with stronger volume confirmation.
However, a broader look at the 3-day chart introduces caution. The current support region is closely aligned with the 200-day plain moving average. XRP’s recent close below this moving average is the first such event in over 400 days, highlighting a noticeable technical shift that could impact sentiment if not reversed quickly.
This development puts XRP at a critical turning point. The chart shows a relatively slender historical structure after the explosive rally in November 2024 that pushed the price from $0.50 to $3. With fewer well-defined demand zones, any acceleration in selling pressure can lead to faster moves downwards.
Umair Crypto has identified interim support levels near $1.45, $1.10, and $0.69 as potential downside targets if a confirmed breakdown occurs. Attention remains focused on the coming sessions, especially as Ripple’s recent unlocking of $1 billion in tokens introduces additional supply, adding another layer of pressure to an already frail market setup.
The former XRP ceiling turns into a structural floor
By monthly XRP update shared by cryptocurrency analyst Chad, the asset is currently holding above a key level that previously acted as resistance and has now turned into support. This change suggests that buyers continue to defend this structure, maintaining a constructive broader setup despite recent price action choppiness.
You can see a clear double top formation on the chart. Chad notes, however, that this won’t necessarily fully come true as long as XRP continues to stay above the logarithmic Fibonacci level of 0.786.
Overall, XRP appears to be in a consolidation phase rather than a decisive move. Price action is currently within the 0.786 to 0.886 Log Fibonacci range, signaling a period of balance as the market looks for a clearer directional catalyst.
