Sellers Reject Breakout As Price Slips Back Toward Support
The post Sellers Reject Breakout As Price Slips Back Toward Support appeared on BitcoinEthereumNews.com.
XRP fails to break the descending trendline and slips back toward the $2.20 support zone. Price trades below all major EMAs as spot outflows exceed $20M, signaling lack of accumulation. Mastercard partnership sparks excitement, but flows and structure show buyers are not yet in control. XRP price today trades near $2.30 after losing momentum at the descending trendline that has capped every breakout attempt since late July. The failure to hold above $2.45 puts sellers back in control and brings focus to the $2.20 support zone. Despite a high profile announcement from Ripple involving Mastercard, Gemini, and WebBank, spot flows and chart structure show that buyers are not yet strong enough to reverse the broader downtrend. Ripple revealed that its new RLUSD settlement solution will be used on the XRP Ledger for fiat credit card payments, marking a direct collaboration with Mastercard. Sellers Continue To Defend The Trendline XRP Price Action (Source: TradingView) The daily chart shows XRP trapped beneath a clean descending trendline extending from the year’s high. Every attempt to break through the trendline has resulted in immediate rejection, including this latest one at $2.45. Price also trades below the 20, 50, and 100 day EMAs, currently near $2.60, $2.67, and $2.59. When price sits below all major EMAs, the cluster acts as a ceiling. Each rally into the EMA group has been sold aggressively, confirming that momentum remains bearish. Parabolic SAR indicators continue to print above price, reinforcing the downside structure. The prevailing theme is simple. Sellers continue to control every upward push, while buyers fail to establish follow through. The $2.20 zone has acted as a key liquidity shelf since October. Buyers have stepped in multiple times, preventing a sharper breakdown. If XRP fails to hold here, the chart exposes the broader demand zone between $1.80…
Filed under: News - @ November 6, 2025 5:25 pm