XRP faces a critical inflection point as key long-term support breaks for the first time in over 400 days. After consolidating near $2, the recent dip below the 200-day moving average signals mounting pressure, putting the cryptocurrency in a high-stakes zone where the next move could define its short-term trajectory.
The price stops below the $2 wall as volatility decreases
UX publishUmair Crypto noted that XRP faced major resistance near the psychological level of $2, forcing the price into a narrow consolidation range between $1.85 and $1.88. Such conditions often precede a sharp move, suggesting that XRP may be approaching a decisive breakout or breakout stage.
On the daily time frame, XRP continues to show signs of resilience despite the overhead pressure. Buyers have so far managed to defend nearby support zones, preventing a clean collapse of the structure. This defensive price action keeps the broader bullish scenario alive, especially if momentum improves and XRP recovers higher levels with stronger volume confirmation.
However, a broader view from the three-day chart introduces caution. The current support region is closely aligned with the 200-day simple moving average. XRP’s latest close below this moving average marks the first time in over 400 days, highlighting a significant technical change that could weigh on sentiment if not reversed quickly.
This development places XRP at a critical tipping point. The chart shows a relatively thin historical structure after the explosive rally in November 2024 that took the price from $0.50 to $3. With fewer well-defined demand zones below, any acceleration in selling pressure could lead to faster moves down.
Umair Crypto has identified temporary support levels around $1.45, $1.10 and $0.69 as potential targets if a confirmed decline occurs. Attention remains firmly focused on the coming sessions, particularly as Ripple’s recent $1 billion token unlock introduces additional supply, adding another layer of pressure to an already sensitive market setup.
XRP former ceiling turns into a structural floor
According to monthly XRP update shared cryptoanalyst Chad, the asset is currently holding above a key level that previously acted as resistance and has now moved to support. The move suggests buyers are still defending the structure, keeping the broader lineup constructive despite recent price hesitancy.
A clear formation of a double peak can be seen on the map. However, Chad notes that this may not fully play out as long as XRP continues to hold above the 0.786 logarithmic Fibonacci level.
Overall, XRP appears to be in a consolidation phase rather than a decisive move. Price action is currently contained within the 0.786 to 0.886 log Fibonacci range, signaling a period of balance as the market awaits a clearer directional catalyst.
About the Author
