XRP continues to show mounting weakness as its bearish market structure deepens, putting the $1.80 support level firmly in sight. Persistent lower highs, repeated rejections from key resistance zones, and thinning support levels are reinforcing the risk of a sharper correction.
XRP Extends Its Downtrend Despite ETF Momentum
While Franklin Templeton recently launched a new XRP ETF on NYSE Arca, the development has done little to lift near-term price action. XRP remains stuck in a decisive downtrend, unable to reclaim key resistance levels as bearish momentum accelerates.
XRP’s price has now entered a phase where sellers remain in firm control, and current structure suggests the asset may continue sliding toward the next major support at $1.80.
Key Technical Factors Pressuring XRP
1. Continuous Lower Highs and Lower Lows
XRP has been forming a steady sequence of lower highs and lower lows, a classic indication of persistent bearish structure. Each attempted bounce has failed, highlighting a lack of strong demand.
2. Bearish Order Block at $2.64
The loss of long-term resistance around $2.64 triggered a bearish order block, and when the price retested this zone, it was quickly rejected confirming sellers’ dominance.
3. 200-Day Moving Average as a Wall of Resistance
XRP has repeatedly failed to break above the 200-day SMA, which now aligns with several shorter-term moving averages. This creates a cluster of stacked resistance that continues to cap upside momentum.
Support Below Is Thinning $1.80 Is the Next Major Target
With structural support eroding beneath current levels, the next significant support sits at $1.80. The market currently shows limited protection between the current zone and this level, increasing the likelihood of a fast move downward if sellers maintain pressure.
A bounce from $1.80 could offer a temporary relief rally but failure to hold it would open the door for a deeper breakdown.
Bearish Momentum Dominates as Buyer Interest Remains Weak
Market structure offers little optimism for bulls:
- Selling pressure remains consistent
- Buyers have yet to show any strong volume inflow
- Lower-high formations continue to define the trend
Even with Bitwise’s new XRP ETF generating $25 million in first-day trading volume, the short-term chart has not improved. XRP remains vulnerable as long as bullish demand stays muted.
What to Expect Next
If bearish momentum continues and volume remains thin, XRP is likely to test the $1.80 support zone in the near term. Traders should watch for:
- A strong reaction at $1.80 — needed for any meaningful recovery
- Continuation signals — if $1.80 breaks, a deeper correction becomes likely
- Reclaim of key resistance levels — especially the 200-day SMA and the $2.64 zone
Until buyers return with conviction, XRP’s bearish trajectory remains the dominant trend.
