Symbol: XRPUSD
Timeframe: Weekly / Daily
Trend: Medium-term bearish
Structure: Descending channel + double top (W1)
⸻
Market Overview
XRP/USD continues to trade within a medium-term downtrend. Last week’s corrective rebound, driven by expectations of further Fed easing and a Bank of Japan rate hike, stalled near the Bollinger midline at 1.9531 (Murrey [0/8]). The failure to reclaim this level triggered a renewed sell-off, keeping bearish continuation as the dominant scenario.
As long as price remains below 2.1484, downside risks prevail.
⸻
Technical Picture
• Price rejected at BB midline (1.9531)
• Descending channel remains intact
• Weekly structure confirms a double top pattern
• Momentum favors sellers
Indicators
• Bollinger Bands: turning down
• MACD: stable below zero
• Stochastic: pointing lower
Bias: Bearish
⸻
Key Levels
Resistance
• 2.1484
• 2.3437
• 2.5390
Support
• 1.6420
• 1.4648
⸻
Trading Scenarios
Primary scenario — bearish continuation
• SELL STOP: 1.8255
• Targets: 1.6420 → 1.4648
• Stop-loss: 1.9520
• Horizon: 5–7 days
Alternative scenario — bullish breakout
• BUY STOP: 2.1485
• Targets: 2.3437 → 2.5390
• Stop-loss: 2.0100
⸻
Conclusion
While XRP/USD trades below 2.1484, any upside remains corrective.
A breakdown toward 1.6420 and 1.4648 remains the preferred path.
Only a confirmed breakout above 2.1484 would invalidate the bearish structure and open room for a deeper recovery.
Timeframe: Weekly / Daily
Trend: Medium-term bearish
Structure: Descending channel + double top (W1)
⸻
Market Overview
XRP/USD continues to trade within a medium-term downtrend. Last week’s corrective rebound, driven by expectations of further Fed easing and a Bank of Japan rate hike, stalled near the Bollinger midline at 1.9531 (Murrey [0/8]). The failure to reclaim this level triggered a renewed sell-off, keeping bearish continuation as the dominant scenario.
As long as price remains below 2.1484, downside risks prevail.
⸻
Technical Picture
• Price rejected at BB midline (1.9531)
• Descending channel remains intact
• Weekly structure confirms a double top pattern
• Momentum favors sellers
Indicators
• Bollinger Bands: turning down
• MACD: stable below zero
• Stochastic: pointing lower
Bias: Bearish
⸻
Key Levels
Resistance
• 2.1484
• 2.3437
• 2.5390
Support
• 1.6420
• 1.4648
⸻
Trading Scenarios
Primary scenario — bearish continuation
• SELL STOP: 1.8255
• Targets: 1.6420 → 1.4648
• Stop-loss: 1.9520
• Horizon: 5–7 days
Alternative scenario — bullish breakout
• BUY STOP: 2.1485
• Targets: 2.3437 → 2.5390
• Stop-loss: 2.0100
⸻
Conclusion
While XRP/USD trades below 2.1484, any upside remains corrective.
A breakdown toward 1.6420 and 1.4648 remains the preferred path.
Only a confirmed breakout above 2.1484 would invalidate the bearish structure and open room for a deeper recovery.
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.