XRP price levels under pressure: is technical support via Fibonacci markers breaking?

The XRP price has been struggling for weeks with the critical support zone around $1.95. This price point is not just an arbitrary line on the chart—it marks the convergence of multiple simultaneous technical signals. The 0.5 Fibonacci retracement level coincides here with the 89-week exponential moving average, making this zone highly likely to be a strong support for institutional traders.

Last week, XRP closed below this barrier on a weekly basis. This moment fundamentally changed how technical analysts view the asset. Instead of a neutral stance, the outlook now appears clearly weaker. For those who did not see this support level weakening coming: this is precisely why multiple indicators are combined in serious chart analysis.

Why losing $1.95 says more than a normal decline

Throughout 2025, XRP defended this support area like a fortress. With every correction, buying interest returned. That has changed fundamentally. When such a long-term support zone breaks, market behavior adjusts. Traders who normally buy on corrections now hesitate. The whales operating on the weekly chart are readjusting their positions. This does not immediately lead to a crash, but it significantly alters the demand and supply dynamics.

The remarkable aspect of this break is not the level itself, but the interplay. The descending trendline that has been active for months now sits atop the 8- and 21-week EMA interval. These exponential averages work together as a weighting mechanism for long-term traders. As long as they act as resistance, recoveries cannot be sustained.

What the chart patterns tell us today

On the weekly chart, XRP is now moving under multiple layers of compression. The candles consistently close below the aforementioned trendline. This is not a temporary appearance—it forms the core of the current structure.

On shorter intervals, specifically on a 4-hour basis, the picture is even more descriptive. XRP is trading within a tight descending channel: lower highs, lower lows, no successful breakout. The level between $2.00 and $2.05 has repeatedly served as a rejection zone. Every time the price nears this area, selling pressure returns. This pattern illustrates that bullish support remains limited.

What this means technically for the next stages

When a correction continues without breaking the long-term trend, analysts look for the next Fibonacci markers. Here, that is the 0.618 retracement, located at a lower price level. This is often reached in prolonged pullbacks. The market is not in a hurry—each week, the movement is instrumentally slow within this playing field.

Crucial point: this does not automatically indicate a trend reversal. It can also be an extension of a correction phase within a larger cycle. XRP has previously endured such consolidations without permanently breaking the bull case.

The crucial question moving forward

The coming weeks revolve around weekly closes. Can XRP close again above the former support zone and the descending trendline? This requires consistent volume and acceptance—not just a quick spike upward.

As long as this re-confirmation is absent, the lower Fibonacci zones remain relevant. This forms the new technical framework in which XRP is currently operating. The change in support structure means traders are adjusting their strategies. What previously triggered buying interest now causes waiting.

With the current XRP price at $2.11, volatility remains the core characteristic. The technical chart clearly indicates: recovery requires more than a brief pump upward.