Ripple Technical Analysis: 27 MAR 2025
XRP loses the ascending channel formation. Source: TradingView
General View
XRP was moving in an ascending channel, however, bulls lost momentum in yesterday’s session, leading to a drop that breached the channel’s lower boundary. This breakdown has shifted the short-term structure in favor of the bears, with price now hovering around key support at $2.34–$2.36. Despite an initial attempt by buyers to stabilize, the bearish momentum remains dominant. If bulls fail to reclaim lost ground soon, further downside toward deeper support zones could be on the horizon.
On the Upside
For any meaningful recovery, XRP must first break through the $2.40–$2.48 range, where short-term resistance is capping upward moves. A successful breakout could open the path toward $2.51, where stronger intra-day resistance lies. Beyond this, a rally toward the $2.65–$2.70 zone could be in play, marking a significant recovery in sentiment.
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On the Downside
The price is currently hovering near key support at $2.34. A failure to hold this level could expose XRP to further declines toward the $2.22 intra-day support. If selling pressure intensifies, the next critical support lies near $2.10, a zone that must hold to prevent a deeper selloff. Bulls need to get back inside the ascending channel to negate this ongoing selling pressure.
XRP is starting to slide lower. Source: TradingView
