XRP price continues to break down as bearish market structure strengthens, placing the $1.80 support zone at risk amid persistent lower highs and rejection from key resistance levels.
Summary
- XRP continues printing lower highs and lower lows, confirming bearish structure.
- Rejection from the bearish order block and 200-day moving average caps upside momentum.
- Limited support below current levels increases the probability of a drop toward $1.80.
XRP (XRP) price is entering a deeper phase of bearish pressure as its market structure continues to deteriorate. After losing significant high-time-frame resistance and forming a clear bearish order block, the asset has struggled to regain momentum.
Adding to the broader market narrative, Franklin Templeton has introduced a new XRP ETF on NYSE Arca, although this development has yet to influence immediate price action. With price repeatedly failing at key moving averages and support zones thinning beneath current levels, XRP now faces increasing downside risk toward the $1.80 region.
XRP price key technical points
- XRP continues forming lower highs and lower lows, confirming sustained bearish structure.
- Loss of the $2.64 high-time-frame resistance created a bearish order block that price has failed to reclaim.
- The 200-day moving average remains strong resistance, reinforcing downside momentum toward $1.80.
XRP’s price action remains firmly bearish, with the asset continuing to print consecutive lower highs and lower lows. This pattern became clear once the high-timeframe resistance at $2.64 was broken, triggering a bearish order block. When price later rallied into this zone, it was immediately rejected, reinforcing the strength of the bearish structure and confirming that sellers remain in control.
A significant technical factor limiting XRP’s recovery attempts is the 200-day moving average. Price has repeatedly failed to reclaim this key dynamic level, and its alignment with several shorter-term moving averages has created a stacked resistance cluster. This confluence continues to cap upside momentum, adding weight to the ongoing downtrend.
Beneath current levels, support is thinning rapidly. The next major support sits at $1.80, which now stands as the most realistic downside target given current momentum. With limited structural support between current price levels and $1.80, the market remains vulnerable to a sharp flash move into this zone. How XRP reacts upon reaching this area will determine whether a temporary bounce or a deeper breakdown follows.
Market structure adds further concern.
The continued formation of lower highs suggests that selling pressure remains consistent, and buyers have not yet shown any aggressive attempt to shift the trend. Without a meaningful influx of bullish volume, the bearish trajectory is likely to persist. The lack of strong demand has left XRP exposed, increasing the risk of losing high-time-frame support and triggering an even deeper correction.
Overall, the current trend signals strong bearish control. Price action shows no signs of structural recovery, and technical indicators continue to support a move toward $1.80. Even with Bitwise’s new XRP ETF registering $25 million in first-day trading volume, the influx of interest has not translated into any meaningful improvement in XRP’s short-term structure.
Until buyers step in decisively with increasing volume, lower-high formations are expected to continue, maintaining the risk of further downside.
What to expect in the coming price action
If bearish momentum persists and volume remains weak, XRP is likely to test the $1.80 support zone in the near term. A strong reaction at this level will be crucial for any attempt at recovery, while failure to hold could open the door for a deeper correction.
Source: https://crypto.news/xrp-price-signals-downside-weak-structure-points-1-80/
