XRP’s weekly chart has been showing the same warning for months. A major bearish pattern that first appeared in late July and early August is still active and continues to drive price down. This long term signal shows decreasing strength and very little upside momentum.
Since this pattern has not yet ended, XRP will likely continue to see more weakness in the coming months. The larger trend has not changed and the price remains under pressure.
The daily chart shows a chance for short-term relief
The daily chart looks a little better. XRP is forming a new lower low, but the RSI indicator is forming a higher low. This difference sometimes leads to a short revival or a few days of relief.
But nothing has been confirmed yet. For this signal to count, XRP needs to show a clear jump in the daily RSI in the coming days. If that happens, the price may move sideways for a while or rise gently for a few days or perhaps a week or two.
However, this kind of short lift does not mean that the entire trend changes. It merely provides a respite from the recent heavy decline.
Small increase possible, but major trend still negative
Even if XRP sees a near-term rebound, the bigger picture remains weak. The long-term pattern on the weekly chart is still active, meaning that downward pressure may return after the short relief phase. Stronger signs are needed for a real recovery, and they have not yet appeared.
Important price levels
XRP has a major support zone between USD 2.50 and USD 2.70. This area could help slow further losses if the price drops again.
On the upside, XRP is facing strong resistance between USD 2.30 and USD 2.40. The price must break above this zone to show early strength.
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