XRP Exchange Reserves On Binance Fall To Six-Month Low: Selling Pressure Is Easing
XRP is testing a critical long-term demand zone below the $1.90 level as market conditions continue to deteriorate across the altcoin sector. After failing to sustain upside momentum, price action has turned increasingly fragile, with bulls struggling to defend key support levels. The structure now reflects growing weakness, reinforcing concerns that the broader market may be transitioning into a bearish phase that leaves altcoins exposed to deeper drawdowns. From a trend perspective, XRP has lost its key weekly moving averages. Price is now firmly below the faster weekly average, which has rolled over and turned into resistance around the $2.40–$2.60 zone. The longer-term moving averages remain well below the current price, indicating that while the macro uptrend from prior years is technically intact, momentum has deteriorated sharply.Related Reading
The $1.80–$1.90 area stands out as a critical demand zone. This region has acted as structural support in the past and now represents the last meaningful level bulls must defend to avoid a deeper breakdown. A sustained weekly close below $1.80 would significantly weaken the broader structure and expose XRP to a move toward the $1.50 area or lower.
Selling activity increased during the breakdown from $2.50, while recent weeks have shown declining volume, pointing to exhaustion rather than accumulation. For XRP to regain strength, price would need to reclaim the $2.20–$2.40 region and establish acceptance above former support-turned-resistance.
Featured image from ChatGPT, chart from TradingView.com
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