- 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
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 and $1.60. That zone represents the last area where large buyers previously accumulated.
Spot Flows Highlight Lack Of Accumulation
Coinglass spot flow data shows net outflows of more than twenty million dollars on November sixth. Outflows indicate coins are moving onto exchanges, increasing available supply. In the current context, outflows align with selling pressure rather than long term accumulation.
When strong fundamental news coincides with outflows, it reflects a market where traders are using positive sentiment as an opportunity to exit positions. That dynamic has repeated across recent XRP rallies.
Mastercard Headline Sparks Interest But Not Follow Through
The latest partnership headline confirms that institutions are building on the XRP Ledger. The Mastercard link adds credibility to XRP’s payments narrative. Yet charts and flows show that traders are treating news as temporary excitement rather than a catalyst for sustained trend reversal.
XRP cannot rely on headlines alone. Trend structure must confirm strength, and that requires a break above the descending trendline and a daily close above the EMA cluster. Until then, sellers retain the advantage.
Outlook. Will XRP Go Up
If XRP closes above $2.60 and reclaims the EMA cluster with volume, buyers regain control and the next level to target becomes the trendline breakout at $2.90. A move above $3.00 would mark a momentum shift and signal that sidelined capital is rotating back into the asset.
If XRP loses $2.20, the breakdown exposes the high volume demand zone near $1.80 to $1.60. That would test deeper support from long term holders and determine whether buyers are prepared to defend the macro structure.
XRP remains fundamentally positioned with growing institutional engagement, but price action still favours sellers. Buyers must reclaim the EMAs to reverse the trend.
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