Usman Salis
⬤ XRP pushed deeper into its decline after losing the $2.15 support, dropping into the $2.04–$2.05 zone before bouncing back slightly above $2.11. The breakdown came with a noticeable spike in selling volume, pointing to heavier sell orders hitting the market. The chart paints a picture of ongoing weakness, with the price making lower highs and lower lows through recent trading sessions.
⬤ The chart captures XRP getting rejected around the mid-$2.20 area before picking up downward speed. The RSI settled near 42 after dipping intraday, while the MACD stayed in negative territory—both signaling fading momentum. There's also broader market pressure at play, with Bitcoin showing a death cross on longer timeframes that's been driving risk-off sentiment across major cryptos. This wider selloff matches up with the intense selling pressure seen during XRP's drop below support.
⬤ Now that $2.15 has been lost, it's flipped into resistance and become the key level XRP needs to reclaim to turn things around. The structure still looks bearish—price is sitting below short-term moving averages and continuing to trend down. While buyers did step in around $2.04, there's no bullish divergence showing up in either the RSI or MACD, which keeps the cautious outlook intact.
⬤ This move matters because XRP's shift into lower highs and lower lows marks a weakening trend that's being amplified by broader market uncertainty. The jump in selling volume combined with key levels turning into resistance points to more caution ahead unless XRP can push back above $2.15. What happens around this threshold in the coming sessions could determine whether the token finds stability or slides further into distribution mode.
Usman Salis
