XRP Technical Outlook: Descending Channel Near Macro Base Support

XRP remains in a clear macro downtrend, trading inside a well-defined descending channel after rejection from the upper distribution zone.

Following the failure below 2.690 (0.618 Fib) and 2.390 (0.5 Fib), price continued its markdown phase and has now broken beneath the critical 1.719 (0.236 Fib) level.

XRP is currently stabilizing just above the 1.119 macro base (Fib 0).

EMA Structure (Bearish Control)

20 EMA: 1.555
50 EMA: 1.765
100 EMA: 1.966
200 EMA: 2.163

Price is trading below all major EMAs, confirming sustained bearish pressure.

The 1.76–2.16 region (50–200 EMA cluster) now acts as strong dynamic resistance.
Until reclaimed, rallies are likely corrective.

Fibonacci Structure

1 Fib: 3.661
0.786: 3.117
0.618: 2.690
0.5: 2.390
0.382: 2.090
0.236: 1.719
0 (Macro Base): 1.119

After losing the 0.236 level at 1.719, XRP accelerated toward the macro base near 1.119.

This area represents a major structural support zone.
A breakdown below 1.119 would open further downside expansion.

Current Structure

• Clear lower highs since the September peak
• Strong impulsive selloff into support
• Short-term consolidation forming near 1.30–1.40

For structure improvement, XRP must: • Reclaim 1.719
• Break above 2.090 (0.382)
• Close above 2.390 (0.5)

Until then, trend remains bearish.

RSI Momentum

RSI (14): 30–35

RSI is hovering near oversold territory, suggesting downside momentum is slowing but not yet reversing.

A bullish divergence confirmation would be needed for a stronger recovery signal.

📊 Key Levels

Resistance
• 1.719 (0.236)
• 2.090 (0.382)
• 2.390 (0.5)
• 2.690 (0.618)

Support
• 1.340–1.400 (local range support)
• 1.119 (macro base / Fib 0)

📌 Summary

XRP is trading near a major macro decision zone around 1.119 after a sustained markdown phase.

As long as price remains below 1.719–2.090, the higher-timeframe structure remains bearish.

Only a strong reclaim above mid-Fib resistance levels would shift momentum toward recovery.

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