XRPUSD appears to be trading within a descending triangle pattern on the hourly timeframe, with price action showing a gradual downtrend since late March. The cryptocurrency is currently trading around the $2.10 level after recently testing the lower support boundary near $2.07.
The chart shows a clear descending resistance trendline connecting the highs from March 29 through April 2, which has capped upside attempts. This overhead resistance is now converging with the 100-period moving average around the $2.15 area, creating a significant barrier for bulls.
Support has established around the $2.07 level, which appears to be holding for now. The price has bounced from this region several times in the past week, suggesting buyers are defending this threshold. A break below this support could accelerate the decline toward the $2.05 psychological level.
XRPUSD Technical Analysis
The 100-period moving average is positioned above the 200-period moving average, typically a bullish alignment. However, the shorter-term MA is now sloping downward and price action has recently broken below both indicators, suggesting weakening momentum.
The recent price action shows XRPUSD trading below both the 100 and 200 MAs, confirming the bearish short-term outlook. For bulls to regain control, price would need to reclaim territory above these moving averages, particularly the 200 MA near $2.12.
The Stochastic oscillator (14,3,3) is currently declining from the mid-range, suggesting that selling pressure remains intact. The indicator has not yet reached oversold territory, indicating there may be room for further downside before a potential bounce.
The MACD (12,26) is showing bearish momentum with the histogram bars printing below the zero line. The MACD line is below the signal line and both are trending lower, confirming the bearish sentiment in the near term.
XRPUSD Price Outlook
If sellers remain in control, XRPUSD could continue its descent toward the next support level at $2.05, with further weakness potentially targeting the $2.00 psychological barrier, which would likely act as strong support.
For bulls to invalidate the bearish scenario, price needs to break above the descending trendline resistance and the 100 MA confluence around $2.15. A sustained move above this zone could trigger a recovery toward the recent high near $2.20.
The hourly candles have been showing diminishing volatility, which often precedes a significant price move. Traders should watch for a potential breakout or breakdown from the current range-bound action.
XRP Market Context
XRP continues to be influenced by broader crypto market sentiment and regulatory developments. The asset has been unable to capitalize on the general crypto market optimism surrounding the Trump administration’s potential crypto-friendly policies, unlike Bitcoin which reached new highs in December 2024.
The decreasing trading volumes visible in the chart suggest market participants may be adopting a wait-and-see approach until a clearer directional bias emerges. This reduction in liquidity could amplify price swings when a decisive move does occur.
The technical outlook for XRPUSD remains tilted to the downside in the short term, with multiple indicators confirming bearish control. However, the established support at $2.07 provides a foundation for potential bullish reversal if market sentiment shifts. Traders should watch for either a convincing break below support or a recovery above the descending trendline to confirm the next directional move.
