XRP finds itself at a pivotal moment as the price tests a major support level near its 100-day exponential moving average (EMA). With bearish signals building across multiple indicators, analysts are watching closely for signs of a deeper correction. If current support fails to hold, the stage could be set for a significant downward move.
Technical Patterns Signal Mounting Downside Risk for XRP
After an early May bounce, XRP’s price has reversed course and now shows signs of renewed weakness. The token recently dipped below the 50-day EMA near $2.29 and is attempting to stay above the 100-day EMA at $2.27. A clear break below this level could accelerate losses, with the next significant support resting at the 200-day EMA around $2.07.
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The MACD flashed a bearish crossover on May 20, while the Relative Strength Index (RSI) slid below the neutral 50 line—both common signs of declining momentum. If the RSI continues to drop toward oversold levels, XRP may be poised for a more substantial decline.
Technical analysis also reveals a bear flag pattern, which points to a possible drop toward $1.00. This pattern is based on a measured move strategy, where the projected downside is calculated from the height of the initial price decline before consolidation.
Key Price Zones to Watch as XRP Tests Support
Traders are now eyeing a few critical levels that could determine XRP’s short-term direction. These include the 100-day EMA ($2.27), the April 7 low near $1.61, and the bear flag target at $1.00. Meanwhile, the SuperTrend indicator—currently hovering around $2.17—may offer dynamic support if price volatility increases.
Should XRP find renewed buying interest, resistance awaits at $2.65 and the psychological barrier of $3.00, both of which have served as major rejection zones in previous rallies.
With pressure mounting, XRP’s next decisive move could define its trajectory for the coming weeks. Traders and investors should closely monitor these key levels as volatility increases across the broader crypto market.
