XRP price remains under pressure this week amid waning cryptocurrency demand. Ripple token dropped to the key support level at $1.7830, down by nearly 50% from its highest level in July 2025.
XRP Price Technical Analysis Points to a Potential Rebound
The three-day timeframe chart shows that the XRP price has been in a strong downward trend over the past few months, with each rebound encountering substantial resistance.
The Ripple token has remained below the Strong, Pivot, and Reverse points of the Murrey Math Lines tool at $1.9530. It has also dropped below the Major S&R Pivot Point at $2.3438.
The coin has consistently remained below the 50-day and 100-day Exponential Moving Averages (EMAs), while the Relative Strength Index (RSI) and the Percentage Price Oscillator (PPO) have continued to decline over the past few months.
All these technical indicators point to further downside in the near term. On the positive side, the coin has formed a triple-bottom pattern at $1.7830, its lowest level in October, December, and January this year, and its neckline is at $2.4162.
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A triple-bottom is one of the most common bullish reversal patterns in technical analysis. If this happens, the next important resistance level to watch will be at $2.4162, up by 28% from the current level.
However, the XRP price is on a thread, as a drop below the key support level at $1.7830 would invalidate the triple-bottom pattern, pointing to further downside, potentially to the ultimate support level at $1.5625, down by nearly 20% from the current level.
The risk of a crash is amplified by the fact that the XRP price has formed a triple top at $3.3896, its highest level in January and July last year.
Ripple Price Forecast Ahead of the Federal Reserve Interest Rate Decision
XRP price has declined over the past few months as demand has waned. Data compiled by CoinGlass shows that spot market volume has continued to decline.
More data compiled by SoSoValue shows that spot XRP ETFs lost more than $40 million in assets last week. The funds added more than $7.7 million on Monday, with average inflows over the last five days remaining below $10 million.
These funds have had over $1.24 billion in inflows since their inception in November last year, while the net assets stand at over $1.36 billion.
Additional data indicate that the Ripple USD (RLUSD) stablecoin’s growth has slowed over the past few months. Its total assets stand at $1.3 billion, a range it has remained in the past few months.
XRP price has remained under pressure as gold and silver prices continue to rise, hovering at their all-time highs.
The next key catalyst for the Ripple price is the Federal Reserve interest rate decision, which is expected later today. Economists expect the bank to leave interest rates unchanged between 3.50% and 3.75%.
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