XRP holders may face another prolonged period negative pressure as the cryptocurrency continues to lose ground in a weakening market. XRP’s performance over this period has been as follows disappointing so much so that analysts have apparently given up hope that the price will break higher resistance levels in the near future. They revealed that XRP does fell below key support zonesleaving few technical barriers to slowing further declines.
XRP is in danger of falling further as all support fails
A cryptocurrency market analyst who goes by the pseudonym “Guy on the Earth” in X. common a rather bleak outlook for XRP’s near-term prospects. The analyst revealed this in his post on Thursday XRP looks like it will bring more pain due to the continuous deterioration of the market structure. He noted that the price action is currently threatening to undo it Descending canalsignaling general weakening rather than stabilization.
According to the expert, the probability of XRP recovering to the $1.95 level by the weekly close is incredibly low. However, the loss of the consolidation range that has supported the price since November 2024 opens the door to a technical downside target near $0.90. He also pointed out that the confirmation from the monthly interval coincides with the two-week chart, which is quickly approaching closing in a few days.
The guy on Earth said yes some optimism remained at the current price setting. He stressed that no significant support levels remain and market demand appears to be tender, making XRP vulnerable to a continuation sales pressure and potential declines. The analyst’s assessment of the cryptocurrency’s performance was blunt, suggesting that the market “is what it is” at this stage.
Looking at the chart provided with the analysis, XRP is clearly in a well-defined descending channel that has been keeping the price down for several months. Any recovery attempt was capped by failing resistance, reinforcing the cryptocurrency’s bearish trend. The last candles also show that the price is drifting towards the lower border of the Descending Channel and rising risk of correction.
The momentum indicators at the bottom of the chart also reflect continued pressure. The XRP Relative Strength Index (RSI) is trading near the lower boundary its range, showing continued weakness as the price fails to recover.
Analyst weighs near-term hopes for XRP
When he asked by a member of the cryptocurrency community if a daily shutdown of the descending channel could temporarily save XRP from a prolonged downturn, Guy on the Earth confirmed the possibility. He he stated that such a move could aid in the miniature term, but described it as a “trivial” achievement compared to larger structural levels.
The cryptocurrency analyst remains in focus at the $1.95 level during the two-week close, highlighting it as the most critical area to watch. He emphasized that this structure has remained intact over the past 13 months, making it a defining support zone for XRP. Returning to the channel does not delete the file a broader downward trendthe expert revealed that this would at least indicate that XRP still has a chance to develop.
Featured image created with Dall.E, chart from Tradingview.com
