XRP is in a long-term downtrend despite a short-term technical rebound. RSI divergence on the weekly chart indicates weakening momentum, raising concerns about a deep correction similar to late 2020 – early 2021, when XRP lost more than 60% of its value in just a few months.
🔍 Notable technical signals
RSI bearish divergence: Price increases but RSI decreases → warning of a deep decline
Selling pressure dominates on both the weekly and daily charts
The recent upward movement is assessed as a technical rebound within the main downtrend
🧭 Price range to watch
Support: 2.90 – 3.00 USD and further down is 2.55 – 2.62 USD
Resistance: 3.10 – 3.20 USD and 3.40 USD if breakout is successful
📉 Strategy
Investors should limit bottom fishing, prioritize risk management, and closely observe key technical levels. A breakout above the 3.20 USD level could improve outlook, but is not enough to establish a sustainable uptrend.
