XRP Price Analysis: Bulls Hold the Line at $2.43, Eye Break Above Downtrend Channel

XRP is attempting to stabilize after finding crucial support at $2.43, a level that aligns with the 50% Fibonacci retracement zone and the lower boundary of a multi-week descending channel.

The latest rejection from the 200-day Exponential Moving Average (EMA) around $2.63 shows that sellers remain active near key resistance zones. The 20-day EMA ($2.74) and 50-day EMA ($2.85) hover just above, reinforcing the short-term bearish bias until XRP can reclaim those levels.

Momentum indicators continue to lean bearish — the Relative Strength Index (RSI) holds near 37, suggesting weakening buying pressure. A further decline below the 35 mark could push XRP into oversold territory, where volatility might spike and trigger a rebound attempt.

If bulls fail to defend $2.43, the next support lies near $2.14 (Fib 0.382 level), followed by $1.78 and the major psychological floor at $1.20. On the flip side, a decisive close above $2.63 (200-day EMA) could reignite bullish sentiment and open the path to $2.72 (Fib 0.618) and eventually $3.13–$3.40, where the next major resistance cluster resides.

Overall, XRP remains in a consolidation phase within a descending channel, but a strong push above $2.63 could be the early signal of a trend reversal.

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