The XRP/USD pair continues to trade within a medium-term downward trend, forming a corresponding descending channel. This week, the price resumed its decline and is now approaching the lower boundary of the channel. A breakout below 1.9531 (Murray level [2/8]) could lead to a test of the targets at 1.5625 (Murray level [0/8]) and 1.1719 (Murray level [–2/8], Fibonacci extension 100.0%). The key level for the bulls remains 2.7344 (Murray level [6/8], upper Bollinger Band). Securing above this area would mark an exit from the descending channel through the upper boundary and signal a potential continuation toward 3.1250 (Murray level [8/8]) and 3.5156 (Murray level [+2/8]), although this scenario currently appears less likely.
Technical indicators confirm the persistence of the bearish trend: Bollinger Bands are turning downward, the MACD is expanding in the negative zone, and the Stochastic oscillator is heading lower but approaching the oversold area, which suggests a possible short-term correction — though its potential remains limited.
Support and Resistance Levels
Resistance levels: 2.7344, 3.1250, 3.5156.
Support levels: 1.9531, 1.5625, 1.1719.
XRP/USD Trading Scenarios and Forecast
Short positions can be opened below 1.9531 with targets at 1.5625 and 1.1719, and a stop-loss at 2.2300. Implementation period: 5–7 days.
Long positions can be opened above 2.7344 with targets at 3.1250 and 3.5156, and a stop-loss at 2.4500.
Scenario
| Timeframe |
Weekly |
| Recommendation |
SELL STOP |
| Entry Point |
1.9525 |
| Take Profit |
1.5625, 1.1719 |
| Stop Loss |
2.2300 |
| Key Levels |
1.1719, 1.5625, 1.9531, 2.7344, 3.1250, 3.5156 |
Alternative Scenario
| Recommendation |
BUY STOP |
| Entry Point |
2.7350 |
| Take Profit |
3.1250, 3.5156 |
| Stop Loss |
2.4500 |
| Key Levels |
1.1719, 1.5625, 1.9531, 2.7344, 3.1250, 3.5156 |
John Isige is an experienced cryptocurrency journalist and market analyst specializing in digital assets, blockchain innovation, and emerging Web3 trends. He provides clear, actionable market insights for traders and investors, with particular expertise in DeFi, smart contracts, NFTs, RWAs, and AI-powered blockchain ecosystems. His commentary and analysis have been featured in FORECK.INFO, CoinGape, CryptoNews, and other leading digital finance publications
