XRP Technical Analysis: Breakdown or Final Capitulation?
On the daily chart of XRP traded on Binance, price remains trapped inside a well-defined descending channel that has controlled structure for months. Lower highs and lower lows confirm sustained bearish pressure, with XRP recently breaking below the $1.60 horizontal support — a key level that previously acted as demand.
Price is now hovering near the lower boundary of the channel around $1.40. The 20 EMA and 50 SMA are both trending downward and positioned above price, reinforcing bearish momentum. RSI sits near 35, approaching oversold territory but not yet showing strong bullish divergence. This suggests selling pressure is slowing — but not fully exhausted.
Here’s the controversy:
Is this the final liquidity sweep before a macro reversal — or just another pause before continuation toward $1.20 or even $1.05?
A reclaim of $1.60 would be the first sign of structural strength. A break above $1.84 would shift mid-term momentum decisively bullish.
📌 Long-Term Swing Setup (High Conviction Zone)
Buy Entry: $1.35–$1.45
Stop Loss: $1.05
TP1: $1.84
TP2: $2.20
Extended TP: $2.80
This setup offers strong risk-to-reward if a base forms at channel support — but patience is essential.
Are you accumulating XRP here — or expecting another flush? Debate below 🔥
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