XRP Technical Outlook: Price Holds Key Support but Downtrend Still Dominant
XRP is trading inside a clear descending channel, with price repeatedly getting rejected from the upper trendline and forming lower highs since August. Recently, XRP bounced from the $1.82–$1.90 support region, creating a temporary base and preventing deeper downside.
However, the broader trend remains bearish as XRP continues to trade below all major EMAs —
20 EMA ($2.201), 50 EMA ($2.349), 100 EMA ($2.496), and 200 EMA ($2.511).
These EMAs are clustered tightly and act as heavy dynamic resistance overhead.
XRP is cur