XRP Price Analysis: Is the Prolonged Bear Market Already Upon Us?
Explore the current bearish trends influencing XRP's price as it approaches critical support levels.
Ripple’s native token continues to experience significant bearish pressure, as it remains within a clearly defined descending pattern. A recent sell-off has driven the price into a critical demand zone while maintaining momentum favoring sellers. Nevertheless, a short-term consolidation phase may be on the horizon.
XRP Price Analysis: Daily Chart
On the daily chart, XRP has decisively breached multiple key supports, confirming a bearish continuation outlook. The asset’s price trend has been characterized by lower lows and lower highs, indicating an ongoing sell-off. Presently, it finds considerable support around the $1.50 mark, acting as the last substantial buyer’s base before a potential deeper decline.
Despite this, previous daily demand zones have turned into robust supply zones, curbing upside movement. As long as the price remains beneath the $2.00-$2.20 supply zone, any upward correction should be perceived merely as temporary.
This structure suggests that XRP is undergoing a distribution markdown phase, with buyers taking a defensive stance rather than actively accumulating.
XRP Daily Chart
XRP/USDT 4-Hour Chart
In the 4-hour chart view, the price action demonstrates a continuation of the bearish trend within a descending channel. The recent failure to maintain support around the $1.85-$1.90 range has led XRP to accelerate downwards, thereby breaking existing structures and increasing downward momentum.
The previously broken $1.85-$1.90 area now serves as an immediate supply zone. Any recovery into this range might represent a pullback opportunity rather than a signal for trend reversal. Furthermore, the downward trendline continues to guide prices lower, affirming the bearish scenario. If the current demand zone fails to hold, the likelihood of a deeper dip towards the broader demand range around the $1.30-$1.40 region increases.
XRP 4-Hour Chart
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Disclaimer: Information shared here is based on analyses and does not represent specific investment advice. Always conduct thorough research before making investment decisions.
