XRP Could Slide as Past Price Patterns Indicate Support Near $1.50

XRP is at a critical technical juncture as it attempts to reclaim $2.20 and overcome resistance near $2.23–$2.24, with bearish indicators continuing to weigh on near-term momentum.

The token slipped below $2.20 following a daily death cross, renewing selling pressure and putting key support levels in focus. ETF-driven inflows from Franklin Templeton’s XRPZ and Grayscale’s GXRP provided temporary relief, but were insufficient to sustain gains.

Exchange metrics highlight ongoing accumulation by long-term holders and institutional desks. Binance reserves fell to 2.7 billion XRP — the lowest in over a year — as roughly 300 million XRP exited the platform since October. Despite this, spot demand has yet to offset short-term liquidation pressures triggered by derivatives unwinds and broader risk-off sentiment.

XRP’s drop from $2.22 to $2.18 confirmed rejection at the $2.23–$2.24 resistance range, reinforcing a descending channel that has dominated price action for the past two weeks. Momentum readings remain weak: RSI has failed to reclaim its midline on bounce attempts, while MACD continues drifting deeper into negative territory. Price remains below all major short-term moving averages, and the 50-day moving average is trending sharply downward, a condition historically linked to continued selling.

On-chain activity suggests some underlying support. Steady ETF inflows and shrinking exchange balances indicate a potential mid-term accumulation phase, even as the short-term chart stays bearish. XRP briefly stabilized at $2.17–$2.18 before a minor overnight rebound toward $2.21, leaving the token range-bound but vulnerable.

The $2.17–$2.18 zone is now decisive. A break below exposes $2.08, followed by $1.90, considered a key threshold separating routine correction from deeper retracement. To regain bullish momentum, XRP must reclaim $2.20 and surpass $2.23–$2.24 with rising volume; otherwise, any recovery is likely to remain corrective.

Historical death-cross behavior reinforces the risk of further downside until the token recaptures the 50-day moving average. While ETF inflows provide structural support, they are unlikely to counteract short-term technical weakness alone.