- The breakdown of two bearish patterns on XRP shows that downward pressure remains high.
- The price now stands at a crucial support level of $2.10 with resistance reaching $2.19.
- A lack of reversal signals means XRP must maintain its position in the high-risk bearish territory.
The selling pressure against XRP rises again because recent patterns point toward an extended period of bearish movement. The token XRP currently stands at $2.11 following a 3.2% decrease during the previous 24 hours. The technical indicators reveal XRP sustaining itself near its vital support zone while encountering resistance at $2.19.The price behavior, along with historical patterns, indicates that further downward movement could be on the horizon if the current trend persists.
Technical Breakdown Signals Prolonged Downturn
Two distinct bearish continuation patterns emerge within the weekly Heikin Ashi chart. XRP entered an ascending triangle pattern during late 2023 through early 2024 and it eventually broke down which caused a quick price decline. The pattern normally shows a neutral to bullish outlook in standard markets but it created a bearish trap because of deficient volunmetric confirmation and multiple occurrences of rejection on the upper wick during the technical analysis.
XRP developed a decreasing wedge that technically resolves into bearish continuation patterns after its initial drop. The bearish break of this downward wedge targeted the price during early 2025 which triggered another rapid decline. The dual chart patterns indicate that traders have better selling positions and buyers fail to hold onto their positions at these prices.
XRP Faces Bearish Pressure as Price Tests Critical Support
With the current price at $2.10, XRP is testing its immediate support level. A drop beneath this zone would speed up the downward selling motion toward new psychological support levels but any brief recovery would most likely encounter resistance at $2.19. Market indecision becomes evident from the narrow 24-hour span between support and resistance points but the price movement remains strongly bearish.
Volume data and momentum indicators were not available in the current analysis but would be essential for validating any potential reversal scenarios. Trading professionals and analysts interpret the present situation cautiously due to the ongoing pattern of multiple decreasing highs and lows.
Outlook Remains Cautious Amid Broader Sentiment
Broader market sentiment, regulatory developments, and liquidity flows will play a role in XRP’s next major move. Technical indicators suggest the market should drop further unless ensiform patterns emerge to halt its decline.
XRP shows why following established technical patterns remains critical when breakdowns repeatedly occur. Investors should exercise caution due to an ongoing downward trend.
