XRP Price Continues to Collapse Amid Bearish Market Structure
XRP price continues to collapse as the bearish market structure strengthens, threatening the $1.80 support zone amid continued lower highs and rejection of key resistance levels. The ongoing downtrend has raised concerns among investors, with the asset struggling to regain momentum after losing significant resistance on the high time frame and forming a clear bearish order block.
The bearish structure is characterized by lower highs and lower lows, confirming the ongoing downtrend. The rejection from the bearish order block and the 200-day moving average limits the upside momentum, increasing the chances of a decline towards $1.80. With limited support below current levels, the market remains vulnerable to a sudden surge into this area.
Key Technical Points About XRP Price
XRP continues to form lower highs and lower lows, confirming an ongoing bearish structure. The loss of the upper resistance level at $2.64 resulted in a bearish order block that the price was unable to reclaim. The 200-day moving average remains a strong resistance and reinforces the bearish momentum towards $1.80.
XRPUSDT (1D) chart, source: TradingView
XRP Price Action and Market Structure
XRP’s price action remains clearly bearish as the asset continues to make consecutive lower highs and lower lows. This pattern became clear when the upper resistance at $2.64 was broken, triggering a bearish block of orders. When the price later rose into this zone, it was immediately rejected, reinforcing the strength of the bearish structure and confirming that sellers remain in control.
A key technical factor limiting XRP recovery attempts is the 200-day moving average. Price has repeatedly failed to regain this key dynamic level and its alignment with multiple short-term moving averages has created a stacked resistance group. This confluence continues to limit upside momentum and reinforces the ongoing downtrend.
Support and Resistance Levels
Below the current level, support is rapidly decreasing. The next major support lies at $1.80, which is now considered the most realistic downside target given the current momentum. Due to limited structural support between the current price level and $1.80, the market remains vulnerable to a sudden surge into this area. How XRP reacts upon reaching this area will determine whether a temporary upswing or a deeper decline follows.
According to a report by Crypto News, the continued formation of lower highs suggests that selling pressure is ongoing and buyers have not yet made aggressive attempts to change the trend. Without a significant increase in upside volume, the downtrend is likely to continue. The lack of strong demand has left XRP exposed, increasing the risk of losing high time frame support and triggering an even deeper correction.
What You Can Expect from the Upcoming Price Development
If bearish momentum continues and volume remains weak, XRP is likely to test the $1.80 support zone in the near term. A strong reaction at this level will be crucial to any attempt at a recovery, while a failure to hold could open the door for a deeper correction. For more information, visit https://crypto.news/xrp-price-signals-downside-weak-structure-points-1-80/
