XRP has fallen 6% to $2.81 earlier today, with technical indicators suggesting a continuation of the downtrend
Key Takeaways
- XRP's price declined 6% to $2.81, breaking below the $3 support level.
- A descending channel pattern points to potential further downside
- The Relative Strength Index (RSI) has dropped below 30, entering oversold territory, which may precede a short-term rebound.
Earlier today, September 22, 2025, XRP has experienced an unprecedented decline, dropping 6% to $2.79. This significant price decline follows a loss of the $3.00 mark, with weak trading volumes and a descending channel pointing to further downside. The current price is near the lower end of its recent trading range, raising concerns among investors about potential further declines.
Technical Indicators Signal Continued Downtrend
Technical analysis reveals that XRP is currently within a descending channel, characterized by lower highs and lower lows. This pattern suggests that bearish momentum is in control, with sellers dominating the market. If the price continues to respect the upper resistance trendline, a retest of the lower support trendline at $2.50 is possible.
As of this writing (12:15PM UTC), TradingView’s real-time market data shows XRP is trading at approximately $2.81, down 5.5% in the last 24 hours with intraday lows seen around $2.78 and highs near $2.99.
Additionally, the Relative Strength Index (RSI) has fallen below 30, entering oversold territory. Historically, such conditions have often preceded short-term price rebounds. However, the overall bearish structure suggests that any upward movement may be temporary unless a significant catalyst emerges.
Analysts Warn of Deeper Decline Despite Rebound Potential
Analysts are closely monitoring XRP's price action, noting that the current bearish trend could lead to further declines if key support levels are breached. Some suggest that a short-term rebound is possible if the RSI indicates oversold conditions, but caution that the overall trend remains downward. Traders are advised to stay vigilant and consider risk management strategies in light of the current market conditions.
Broader Market Context Weighs on Sentiment
XRP’s decline also comes against the backdrop of broader weakness across major digital assets. Bitcoin and Ethereum, the market leaders, have seen noticeable price declines amid global economic uncertainty and fluctuating risk appetite. Watcher Guru wrote on X (formerly Twitter) about the significant price decline of BTC, where it plunged from around $114K, down to $112K and below.
This correlation suggests that unless macro conditions improve or fresh catalysts emerge, XRP may continue to trade under pressure.
Outlook: Bearish Trend Intact, But Relief Bounce Possible
Looking ahead, the outlook for XRP remains tilted to the downside. However, market conditions leave room for two possible scenarios.
In the bearish case, XRP remained trapped within its descending channel. If it fails to reclaim its resistance levels near $3.05 to $3.10, bears are likely to push prices lower, with the possibility of testing $2.70 first then down to $2.60 in intensified selling pressure.
Bullish-wise, a relief rally could be sparked by selling exhaustion, making the RSI bounce-back crucial for this to happen. Traders will be looking ahead whether XRP can consolidate above the $3.05-$3.10 zone. If saw a sustained breakout above this channel, a reversal of momentum may occur, w
