XRP remains locked in a long-term downtrend. The early-year corrective rally toward 2.3437 (Murrey [8/8], 38.2% Fib) failed to generate follow-through, and sellers quickly regained control. Price recently printed a November 2024 low at 1.1175, before staging a limited rebound toward 1.3671 (Murrey [3/8]).
The broader structure continues to favor the downside. A confirmed break below 1.3671 would reinforce bearish continuation toward 1.1718 (Murrey [2/8]), with extension risk toward 0.7812 (Murrey [0/8]).
On the upside, bulls must reclaim 1.6420 (61.8% Fib + Bollinger midline) to invalidate the bearish channel. A sustained move above this level would expose 1.9531 (Murrey [6/8]) and 2.3437 (Murrey [8/8]).
⸻
Technical Overview
• Bollinger Bands: Expanding downward
• MACD: Strengthening in negative territory
• Stochastic: Rolling over near overbought
• Structure: Lower highs, lower lows
Bias remains bearish while below 1.6420.
⸻
Key Levels
Resistance:
1.6420
1.9531
2.3437
Support:
1.3671
1.1718
0.7812
⸻
Trading Plan
🔻 Primary Scenario — Bearish Continuation
• Sell below: 1.3671
• Targets: 1.1718 → 0.7812
• Stop-loss: 1.5100
• Timeframe: 5–7 days
🔺 Alternative Scenario — Trend Reversal Attempt
• Buy above: 1.6420
• Targets: 1.9531 → 2.3437
• Stop-loss: 1.4200
The broader structure continues to favor the downside. A confirmed break below 1.3671 would reinforce bearish continuation toward 1.1718 (Murrey [2/8]), with extension risk toward 0.7812 (Murrey [0/8]).
On the upside, bulls must reclaim 1.6420 (61.8% Fib + Bollinger midline) to invalidate the bearish channel. A sustained move above this level would expose 1.9531 (Murrey [6/8]) and 2.3437 (Murrey [8/8]).
⸻
Technical Overview
• Bollinger Bands: Expanding downward
• MACD: Strengthening in negative territory
• Stochastic: Rolling over near overbought
• Structure: Lower highs, lower lows
Bias remains bearish while below 1.6420.
⸻
Key Levels
Resistance:
1.6420
1.9531
2.3437
Support:
1.3671
1.1718
0.7812
⸻
Trading Plan
🔻 Primary Scenario — Bearish Continuation
• Sell below: 1.3671
• Targets: 1.1718 → 0.7812
• Stop-loss: 1.5100
• Timeframe: 5–7 days
🔺 Alternative Scenario — Trend Reversal Attempt
• Buy above: 1.6420
• Targets: 1.9531 → 2.3437
• Stop-loss: 1.4200
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.