XRP Continues to Decline

A clear downward trend has emerged in Ripple since the July peak. The price has been hovering below EMA(14) and EMA(30) for a long time. The bear season continues in the short and medium term. The averages are sloping downwards and moving closely to each other. This situation indicates that reaction rallies are being used as selling opportunities unless strong buyers come in.

The striking part of the chart is that during the declines, the volume has shown controlled increases rather than sudden spikes. There is no strong reversal candle supported by volume in the bottom regions. This suggests that it is a continuous and systematic selling rather than panic selling. This makes it difficult to say that the decline is completely over.

The levels at which the market has reacted on the chart appear to be 1.75 – 1.80 USDT. This main support area is very close to the current price. In previous declines, the price has made short-term holds at this level. If daily closes fall below this level, the downward momentum will accelerate, and the major lower support at 1.60 – 1.62 USDT will be tested. If this support, which in the past has seen sharp wicks, is broken, a psychological and technical gap will form.

1.40 USDT is the last line of defense in the medium term. A drop here confirms that the bear market has deepened.

In upward movements, the resistance to be noted is 1.95 – 2.00 USDT, the first serious selling area. EMA(30) operates within this band. If there is no sustainability above it, the rises will remain weak. The chart makes it impossible for the trend to turn upwards without a close above 2.50 USDT.

XRP is currently in a weak demand area. Buyers are on standby, while sellers are stable. Support breaks easily, while resistance breaks are more challenging. The direction still appears downward in the short and medium term. $XRP