XRP Fails to Clear 200-Day MA at $2.72, Risks Retest of $2.20
XRP price has repeatedly failed to clear the 200-day moving average near $2.72, a level reinforced by the 0.618 Fibonacci retracement and prior value area low. Low-volume rebounds indicate sustained seller control, defining a bearish market structure after the recent swing low. Bulls initially defended the $2.00 support zone, but the more immediate floor now lies at $2.20. A confirmed close above $2.72 with increased trading volume is required to invalidate the bearish setup and could target $3.00. On the downside, a decisive break below $2.20 risks deeper losses into lower liquidity pockets. Traders should monitor volume and price action around the 200-day MA, and stay alert to upcoming SEC decisions on spot XRP ETFs, which may add further volatility.
Bearish
Both summaries highlight XRP’s struggle to overcome resistance at the 200-day MA near $2.72, reinforced by the 0.618 Fibonacci retracement and value area low, indicating sustained selling pressure. The failure to secure a break with meaningful volume, coupled with low-volume rebounds and a fresh swing low, confirms a bearish market structure. On the downside, a breach of $2.20 support risks deeper declines into low liquidity zones. Short-term traders may respond by increasing sell orders on rallies below $2.72, while long-term holders could remain sidelined until a clear breakout with volume emerges. Overall, the immediate impact on XRP price is expected to be bearish unless a decisive breakout materializes.