The XRP/USD pair continues to trade within a medium-term downward trend, forming a consistent bearish channel. Earlier this month, the price attempted to break through the upper boundary near 3.1250 (Murray level [8/8]) but failed to consolidate above it and resumed its decline amid growing risks of a global economic slowdown caused by escalating trade tensions between the U.S. and China. Currently, the price is approaching 2.3438 (Murray level [4/8]); a confirmed break below this level would open the way toward 1.9531 (Murray level [2/8]) and 1.5625 (Murray level [0/8]). The key resistance zone for bulls lies between 2.6220–2.7344 (middle Bollinger band, Murray level [6/8]); a breakout above it could trigger renewed attempts to exit the downward channel and retest the targets at 3.1250 (Murray level [8/8]) and 3.5156 (Murray level [+2/8]), although such a scenario currently seems less likely.
Technical indicators confirm the persistence of the bearish trend: the Bollinger Bands are turning downward, the MACD remains stable in the negative zone, and the Stochastic indicator has entered overbought territory and may soon reverse downward. On the weekly chart, the price has also consolidated below the middle Bollinger band, further reinforcing the likelihood of continued decline.
Support and Resistance Levels
Resistance levels: 2.7344, 3.1250, 3.5156.
Support levels: 2.3438, 1.9531, 1.5625.
Trading Scenarios and XRP/USD Forecast
Short positions can be opened below 2.3438, with targets at 1.9531 and 1.5625, and a stop-loss at 2.6500. Implementation period: 5–7 days.
Long positions may be considered 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 |
2.3435 |
| Take Profit |
1.9531, 1.5625 |
| Stop Loss |
2.6500 |
| Key Levels |
1.5625, 1.9531, 2.3438, 2.7344, 3.1250, 3.5156 |
Alternative Scenario
| Recommendation |
BUY STOP |
| Entry Point |
2.7345 |
| Take Profit |
3.1250, 3.5156 |
| Stop Loss |
2.4500 |
| Key Levels |
1.5625, 1.9531, 2.3438, 2.7344, 3.1250, 3.5156 |
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