XRP has failed to clear the $2.67–$2.72 resistance and has turned lower, slipping under $2.50. The zone aligns with the widely watched 200-day exponential moving average, which capped the advance. Sellers stepped in near that confluence and pressed the price to a low of $2.44.
Momentum weakened as the daily Relative Strength Index slipped into the 40s level. The loss of strength kept rallies shallow and short. Meanwhile, XRP now trades below the 50-day and 100-day EMAs, close to $2.67 and $2.72, which act as stacked resistance. Bulls must reclaim those averages to shift control.
XRP price action also shows lower highs on the daily chart. That structure often signals supply overhead. Until buyers absorb that supply, upside attempts may fade near the mid-$2.60s.
The $2.40 to $2.30 area represents the next key level of support for XRP. It has anchored previous drops and attracted dip buyers, while holders await daily closes to gauge market direction.
A strong defense of the support level could establish a clear trading range. In this case, XRP may fluctuate between $2.30 and $2.72 while momentum resets. Range trading typically favors mean-reversion strategies until the price signals a breakout.
Furthermore, a close above $2.55 would increase the upside potential, while a daily close above the 200-day EMA would improve sentiment, and XRP may retest $2.72 again. If any of these moves happen, it could accelerate a rise toward previous resistance zones.
Derivatives positioning shows less leverage than earlier in the month. XRP futures open interest stands at nearly $4.3 billion, down sharply from early-October peaks of above $7 billion, according to CoinGlass data.
Lighter positioning can mute sharp squeezes; however, it does not remove downside risk. Unexpected news can still trigger liquidations within the established range.
According to analysts, macro forces drove the latest decline. The Federal Reserve cut rates by 25 basis points to a range of 3.75%–4.00%. Chair Jerome Powell emphasized that a December cut remains uncertain.
Furthermore, major cryptocurrencies, including Bitcoin and Ethereum, as well as global markets, pulled back as expectations were reset. The backdrop limits capital rotation into altcoins and keeps investment selective.
Parallely, President Donald Trump and China’s Xi Jinping reached a trade deal that temporarily alleviated the risk. The trade talks resulted in an agreement that included reducing trade tensions, such as lowering US tariffs on Chinese goods from 57% to 47% as well as agreements on rare earths and farm purchases.
Markets viewed the truce as a positive development, though not a decisive one, raising questions about its durability. Crypto assets, including XRP, often reflect shifts in global risk appetite, and recent movements have reflected this behavior.
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