XRP Technical Outlook: Bearish Channel Intact, Bulls Eye Break Above $2.78 Resistance

XRP remains under pressure within a descending channel, currently trading around $2.57, just below the 0.382 Fibonacci level ($2.57). Despite a recent rebound from $2.32 (0.236 Fib), the token continues to face strong resistance from multiple EMAs — EMA 20 ($2.56), EMA 50 ($2.68), and EMA 100 ($2.72) — showing that bearish momentum is still dominant.

A decisive breakout above $2.78 (0.5 Fib) would be a strong bullish signal, potentially driving XRP toward $2.99 (0.618 Fib) and $3.28 (0.786 Fib). Above that, the next key target lies near $3.66, where heavy selling pressure is expected.

On the downside, immediate support is seen at $2.32, with further protection at $2.10 and the major low near $1.90. A breakdown below these zones could trigger deeper downside continuation within the current descending structure.

The RSI (48.6) shows neutral momentum, suggesting consolidation before the next major move.

📊 Key Levels

Resistance: $2.68 → $2.78 → $2.99 → $3.28

Support: $2.32 → $2.10 → $1.90

RSI: 48.6 — Neutral, waiting for breakout direction

Overall, XRP remains range-bound within a bearish channel, but a sustained close above $2.78 could shift control back to the bulls for a potential trend reversal.

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