Ted Hisokawa
Oct 10, 2025 04:44
XRP trades at $2.81 with bearish momentum as the token sits below key moving averages while testing critical support levels that could determine near-term direction.
Market Overview
XRP currently trades at $2.81, down 1.08% over the past 24 hours as the token faces renewed selling pressure within a narrow trading range of $2.77 to $2.85. The digital asset remains positioned below both its 20-day and 50-day simple moving averages at $2.89 and $2.93 respectively, while maintaining its position above the longer-term 200-day SMA at $2.58. Trading volume reached $294.4 million, indicating moderate market participation as traders assess the next directional move.
Technical Picture
The technical landscape for XRP presents a bearish bias with several key indicators pointing toward potential continued weakness. The Relative Strength Index sits at 42.5, firmly in neutral territory but trending toward oversold conditions, suggesting selling pressure without reaching extreme levels that typically precede reversals.
The MACD indicator displays a bearish configuration with a negative histogram reading of -0.0108, confirming that downward momentum remains intact. This bearish MACD signal becomes particularly significant when combined with XRP’s position below both short-term moving averages, creating a confluence of negative technical factors.
The price action shows XRP trading 2.7% below its 20-day moving average and 3.9% below the 50-day average, indicating that recent buying attempts have failed to establish sustainable upward momentum. However, the token’s 8.9% premium to the 200-day moving average provides some longer-term technical support for bulls.
Critical Levels to Watch
Several key price levels will determine XRP’s near-term trajectory. Immediate support rests at $2.70, a level that has previously acted as both support and resistance. A break below this zone could accelerate selling pressure and target the 200-day moving average at $2.58.
On the upside, resistance appears at $3.10, representing a significant technical hurdle where previous rallies have stalled. Beyond this level, the secondary resistance at $3.19 would need to be cleared for any meaningful bullish continuation.
The current pivot point at $2.81 represents the immediate battleground between buyers and sellers. Sustained trading below this level would likely invite additional selling pressure, while a decisive break above could signal a short-term bounce toward the $2.89 resistance zone.
Market Sentiment
The absence of significant news catalysts over the past week has left XRP’s price action largely dependent on technical factors and broader cryptocurrency market sentiment. The moderate trading volume suggests that institutional and retail traders are maintaining a cautious stance, neither aggressively accumulating nor distributing positions.
The bearish technical setup aligns with a period of consolidation that has characterized XRP price action in recent sessions, with neither bulls nor bears able to establish clear control of the trend.
Trading Perspective
The current risk-reward profile favors defensive positioning given the confluence of bearish technical signals. Short-term traders might consider the $2.70 support level as a key decision point, with stops below this zone to limit downside exposure.
For swing traders, the zone between $2.70 and $2.77 could present accumulation opportunities if strong buying interest emerges, targeting the $2.89 to $3.10 resistance band. However, any bullish thesis would require a clear break above the 20-day moving average to gain credibility.
The technical setup suggests that XRP price movements in the coming sessions will likely depend on whether the token can hold above the critical $2.70 support level.
Bottom Line
XRP faces a critical juncture at $2.81 with bearish momentum intact and key support at $2.70 likely to determine whether the token continues its decline or finds a technical floor for stabilization.
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