Persistent Downtrend Threatens $2 Support as Flows Stay Negative
The post Persistent Downtrend Threatens $2 Support as Flows Stay Negative appeared on BitcoinEthereumNews.com.
XRP trades below major EMAs and a descending trendline, with sellers rejecting every rally since July. Net outflows above $6.6M signal ongoing distribution, limiting the strength of recovery attempts. Derivatives positioning leans heavily long into resistance, raising risk of accelerated downside if support fails. XRP price today trades near $2.07, stabilizing after a volatile week that extended the broader downtrend. Price remains capped beneath a long-term descending trendline while sitting inside a falling channel that has defined recent structure. Sellers continue to pressure recovery attempts as spot flows stay negative and key moving averages turn into resistance. Sellers Defend Long Term Trendline XRP Price Action (Source: TradingView) On the daily chart, XRP continues to respect the descending trendline that has rejected every upside attempt since July. Each rebound into this line has faded quickly, turning it into a structural ceiling that reinforces bearish sentiment. Price also trades below the 20, 50, and 100-day EMAs, which sit near $2.27, $2.43, and $2.47. These levels now function as layered resistance rather than support. Until XRP closes above this cluster, buyers remain reactive rather than dominant. The lower boundary of the falling channel aligns near $1.95 to $1.85, a zone that defended price during the last capitulation event. A retest is not guaranteed, but it remains technically valid while price trades below the trendline. Parabolic SAR dots are positioned above price, confirming that momentum is still tilted down on the higher timeframe. Spot Outflows Highlight Distribution XRP Netflows (Source: Coinglass) According to the latest data, XRP recorded net outflows of more than $6.6 million on December 8, extending a string of negative sessions that spans several weeks. This follows a longer period of consistent distribution, illustrated by a deep stretch of red bars across the chart. Despite minor inflow spikes, sellers have dominated…
Filed under: News - @ December 8, 2025 9:23 am