XRP is once again under the spotlight as renewed selling pressure pushes the price toward critical technical levels. Over the past 24 hours, XRP/USD has declined by more than 3%, signaling weakening short-term momentum and growing bearish sentiment among traders. As the market navigates this pullback, attention is firmly focused on whether key support zones can hold — or if further downside is on the horizon.
Market Overview: Momentum Shifts Against Bulls
The broader crypto market has shown mixed signals recently, but XRP appears to be lagging behind major assets such as Bitcoin and Ethereum. The latest price action suggests that buyers are losing conviction, especially after multiple failed attempts to reclaim higher resistance levels. This hesitation has given sellers the upper hand, driving XRP toward the psychologically important $1.70 region.
From a technical perspective, declining volume during attempted rebounds indicates a lack of strong demand. Without decisive buying pressure, even modest sell orders are having an outsized impact on price movement, reinforcing the short-term bearish bias.
Key Support at $1.70 Under Pressure
The $1.70 level has emerged as a crucial battleground for XRP. Historically, this zone has acted as both support and resistance, making it a key reference point for traders. A sustained break below this level could open the door to deeper losses, potentially exposing XRP to the $1.60 or even $1.55 regions.
Conversely, if buyers manage to defend this support, a short-term relief bounce is still possible. However, any recovery is likely to face immediate resistance near $1.80, where selling pressure has consistently re-emerged in recent sessions.
RSI and Technical Indicators Signal Weakness
Momentum indicators are currently flashing caution. The Relative Strength Index (RSI) has been trending lower and is approaching oversold territory, reflecting sustained selling pressure. While an oversold RSI can sometimes precede a bounce, it does not guarantee an immediate reversal — especially in markets dominated by negative sentiment.
Moving averages further reinforce the bearish outlook. XRP remains below its short-term and mid-term averages, suggesting that rallies may continue to be sold into rather than extended upward. Until these levels are reclaimed, the technical structure remains fragile.
On-Chain Data: Traders Watching for Reversal Clues
Beyond price charts, traders are closely monitoring on-chain metrics for early signs of a trend shift. Exchange inflows have shown a slight uptick, which can be interpreted as increased selling intent. At the same time, wallet activity from long-term holders has remained relatively stable, suggesting that panic selling has not yet taken hold.
If exchange outflows begin to rise and accumulation addresses increase their holdings, it could signal renewed confidence and set the stage for a potential rebound. For now, however, on-chain data aligns with the cautious tone seen in technical indicators.
What Comes Next for XRP?
The short-term outlook for XRP hinges on how price behaves around the $1.70 support level. A clear breakdown could accelerate bearish momentum, while a successful defense may provide a temporary base for consolidation or a modest recovery.
Traders should remain alert to broader market conditions, particularly Bitcoin’s price action, as overall sentiment continues to play a major role in altcoin performance. Until stronger bullish signals emerge, XRP is likely to remain volatile, with downside risks still firmly in play.
XRP’s current price action reflects a market struggling to regain confidence amid persistent selling pressure. While key support levels are being tested, confirmation of a trend reversal remains elusive. As technical and on-chain signals continue to evolve, traders and investors alike should exercise caution and closely monitor the critical levels that could define XRP’s next major move.
