XRP May Test $2.80 Support Within Long-Term Descending Channel, Analyst Warns

• XRP price at $2.83, testing $2.80 near the lower boundary of a multi-year descending channel.

• Momentum is weakening: RSI 42.52 and negative MACD suggest limited buying strength.

• Analyst Egrag Crypto cites upside targets at $7, $11, $20 and $27 contingent on channel breakout.

XRP price $2.83 under pressure near $2.80 support; monitor RSI/MACD and breakout to targets at $7+ — read analysis and trade plan.

XRP trades at $2.83 as analyst warns of deeper declines, with key supports and targets set within a long term channel.

• XRP trades at $2.83, down 8.32%, approaching key support inside a multi year descending channel pattern.
• Analyst predicts upside targets at $7, $11, $20, and $27 if XRP breaks long term resistance levels.
• RSI at 42.52 and negative MACD shows weakening momentum, with $2.80 acting as key immediate support.

What is the current XRP price outlook?

XRP price is under renewed selling pressure at $2.83, testing the lower edge of a long-term descending channel. Immediate support sits at $2.80; a decisive break could open a move toward $2.50, while sustained defense would be required to retest $3.30–$3.50.

How does the long-term channel shape XRP price expectations?

The two-week chart shows a sequence of lower highs and lower lows inside a defined descending channel. Price frequently rejects the blue resistance zone and mid-range pink bands, while green areas mark the descending support. This structure implies that until price breaks above the channel, upward targets remain contingent on confirmed trend shifts. Egrag Crypto (analyst) identified accumulation potential near the lower boundary if buyers step in.

What do indicators say about momentum?

Momentum readings are bearish. The RSI stands at 42.52 with a signal near 46.38, indicating fading buying pressure and proximity to oversold territory. The MACD is negative (MACD -0.0450, signal -0.0209, histogram -0.0241), reflecting weak momentum and the potential for either a corrective crossover or continued decline.

Price targets and key levels — quick reference table

The recent July rally above $3.50 failed to sustain, leaving XRP inside the descending channel and vulnerable to renewed downside. Technical structure indicates that until a higher high is recorded above the blue resistance band, the path of least resistance remains sideways to lower.

What should traders monitor next?

• Watch $2.80 support for defensive buy signals or a break toward $2.50.
• Monitor RSI and MACD for divergence or crossover as early momentum clues.
• Confirm any move above the blue resistance band before treating $7+ targets as actionable.

Frequently Asked Questions

Is $2.80 the key support for XRP right now?

Yes. $2.80 is the immediate support level; holding it suggests short-term accumulation, while a sustained break could push price toward $2.50. Monitor volume and momentum indicators for confirmation.

What are the realistic upside targets for XRP if momentum changes?

Analyst-identified targets are $7, $11, $20 and $27, which align with historical resistance and projected channel levels. Each level requires a confirmed breakout and rising momentum to be considered realistic.

Key Takeaways

• Structure: XRP remains in a multi-year descending channel, defining the mid- to long-term trend.
• Momentum: RSI 42.52 and negative MACD show weakened buying power; watch for crossovers.
• Action: Monitor $2.80 support and wait for a clear breakout above channel resistance before assigning weight to $7+ targets.

Conclusion

In summary, the XRP price outlook is cautious: $2.80 is the critical short-term floor, while upside targets above $7 depend on a confirmed channel breakout and improving momentum. Traders should prioritize risk management and watch RSI/MACD signals before increasing exposure. COINOTAG will monitor developments and update this analysis as new data emerge.