All eyes on XRP: the market is stalled, but the collapse could be brutal
XRP is not alone today, as the entire crypto economy is close to falling below the mark of $3 trillion, down by 2.85%. XRP itself has lost 3.5% against the dollar in the last day.
At the hourly level, XRP is entrenched in a strong downward trend, rapidly falling below the psychologically important mark of $2.00 with sufficient selling volume to drown out the optimists.
Resistance zones between $2.05 and $2.10 remain unbreachable, despite several ambitious but ultimately weak attempts.
The last candle on the 1-hour chart is filled with red and full of momentum, suggesting that traders increasingly dislike holding the asset above the $2.00 threshold.
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Zooming out to the 4-hour chart, the decline of XRP becomes even more poetic — imagine rounded tops and descending channels, a structure that can only be conjured by a technical analyst.
The support zone at $1.98 is holding bravely, but just barely. After a failed breakout on December 9 — rightly the crypto equivalent of a failed first date — the price is now clinging to lower highs with volume spikes signaling a growing crowd of doubters.
If XRP does not make a strong return above $2.00, it may become a study of slow, stepwise leakage.
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The daily chart is a macro desktop calendar of warnings. Since falling from a high of $3.10, XRP has been outlining a classic descending triangle — a pattern that screams 'distribution phase.'
The implied convergence-divergence of moving averages (MACD) is likely diverging in a bearish mood, supported by broad downward pressure and a clear lack of bullish volume.
Resistance sits heavily in the $2.25 to $2.30 range, while key support lazily sits around $1.80, XRP needs a push, or risks being forgotten by short-term speculators.
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The verdict of the Bears:
If XRP can reclaim and hold above resistance at $2.07 with confidence — preferably accompanied by volume that doesn't whisper but roars — there is room for optimism.
A breakout could lead to a zone of $2.25 to $2.30, setting the stage for a retest of broader December highs and possibly even $2.85 if market catalysts align. The momentum needs a caffeine boost, but structurally, a bullish reversal is not ruled out.
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The verdict of the Bears:
The inability to hold support at $1.95 will be the polite way for the market to say 'exit stage left.' With all major moving averages stacked on top like a bearish wedding cake, and volume favoring breakdowns, the path of least resistance remains downward.
A drop to $1.80 — or worse, prolonged consolidation below $2.00 — will keep XRP firmly in bearish territory, with December's close resembling more of a whisper than a roar.
