XRP Eyeing Bounce at $1.85 Support as Bears Struggle
XRP has fallen within a bearish channel after hitting resistance near $2.10, pulling back to test key support at $1.85. Technical indicators show the RSI nearing oversold levels and a bullish divergence on the MACD, suggesting downward momentum may be fading. A daily close above $1.97 could trigger a retest of $2.10 and potentially $2.20. Conversely, a decisive break below $1.85 would open the door to further losses toward $1.70. Traders should watch XRP trading volume and momentum signals around these levels to gauge if bulls are regaining control.
Bullish
The technical setup for XRP at the $1.85 support level points to a potential bullish reversal. After a prolonged bearish phase and multiple tests of this floor, indicators such as the RSI nearing oversold territory and a bullish divergence on the MACD suggest that selling pressure could be easing. Historically, XRP has rebounded from similar support tests, often leading to short-term rallies when momentum indicators align. A daily close above $1.97 would strengthen this outlook, potentially driving a retest of $2.10. In the short term, traders may capitalize on a bounce from $1.85 with tight risk management. However, the long-term trend remains uncertain until XRP breaks above key resistances and establishes higher highs.