XRP Technical Outlook: Breakdown From Descending Channel, Entering Deep Corrective Phase XRP has been rejected from the $2.90–$3.60 macro supply zone (0.618–1 Fib) and continues to respect a broader descending channel after the cycle distribution top. Price is printing consistent lower highs and lower lows, confirming a bearish corrective structure. Recent price action shows XRP losing the $1.72–$1.70 support cluster (0.236 Fib) and flushing into the $1.20–$1.12 macro demand base, where buyers are now attempting to slow the downside. However, overall structure remains bearish. EMA Structure (Bearish Bias, No Trend Reversal Yet) 20 EMA: $1.66 50 EMA: $1.85 100 EMA: $2.03 200 EMA: $2.20 XRP is trading below all major EMAs, confirming a bearish medium- to long-term structure. The $2.03–$2.20 zone (100 & 200 EMA) now acts as heavy dynamic resistance. Fibonacci & Price Structure 1 Fib: $3.66 0.786 Fib: $3.11 0.618 Fib: $2.69 0.5 Fib: $2.39 0.382 Fib: $2.09 0.236 Fib: $1.72 Fib 0: $1.12 XRP has lost the 0.236 Fib ($1.72) and is now trading in the deep retracement zone (0.236 → 0 Fib) near macro demand. A sustained reclaim of $1.72–$2.09 is required to shift structure back toward neutral. Structural Context Price remains inside a corrective descending channel, with no confirmed base yet. Short-term demand is visible near $1.12–$1.20, but XRP must build a range before any bullish structure can develop. A daily close back above $1.72 would be the first signal of structural improvement. RSI Momentum RSI (14): 35 RSI remains in bearish momentum territory, showing downside dominance. Relief bounces are possible, but momentum does not yet support a trend reversal. 📊 Key Levels Resistance • $1.72 (0.236 Fib / breakdown level) • $2.09 (0.382 Fib) • $2.39 (0.5 Fib) • $2.69 (0.618 Fib) Support • $1.20–$1.12 (macro demand) • $1.12 (Fib 0 / cycle base) 📌 Summary XRP has completed a distribution → breakdown → markdown sequence from the 2025 highs. Price is now trading in a deep corrective phase with heavy resistance overhead. Until XRP can reclaim and hold above $1.72–$2.09, the structure remains bearish and corrective, not bullish. $XRP ‌#CryptoMarketPullback