Sellers Target $1.75 As Multi-Month Support Weakens Under Massive Outflows

• XRP trades near $1.91 as the token hits the bottom of its multi-month descending channel and retests key support.
• Spot flows stay negative with $2.4M in outflows, adding to a month dominated by red prints, including a $181.5M exit.
• Ripple’s long-term Apex narrative boosts optimism, but weak EMAs, channel pressure, and falling addresses keep short-term bias bearish.

XRP trades near $1.91 after sliding to the bottom of a multi-month descending channel. The move places buyers in a critical position as the token tests the same support zone that held multiple times earlier in the year. Spot flows show continued weakness, and sellers remain active despite Ripple’s aggressive long-term vision outlined during the Apex Conference.

Buyers Step Back As Spot Outflows Rise

CoinGlass data shows another day of negative spot flows, with XRP recording roughly $2.4 million in outflows on November 22. 

This follows a sequence of heavy red days across the month, including the sharpest single-day exit of the year at $181.5 million. Persistent outflows indicate sellers are moving coins back to exchanges instead of locking in positions for upside.

Trendline Break Confirms Ongoing Weakness

The daily chart shows XRP locked inside a well-defined descending channel since July. Each rally has been capped by the upper trendline while lower highs continue to form. Price now trades well below the 20-day, 50-day, 100-day, and 200-day EMAs. All four are sloping down and acting as a multi-layer resistance ceiling.

The 20-day EMA has been the first rejection area for nearly a month. Sellers defended that level again this week, reinforcing the bearish structure. The supertrend remains red, confirming downside pressure, while the channel support now carries the immediate risk of a breakdown toward the next liquidity zone at $1.75 to $1.70.

Momentum indicators lean bearish. XRP has not printed a meaningful higher low since September, and the chart continues to show exhaustion on every short-lived bounce. Until price reclaims the 20-day EMA, the market will treat each push higher as a reaction rather than a trend reversal.

Intraday Action Shows Fragile Stabilization

The 30-minute chart shows XRP trying to base near the $1.91 area. Parabolic SAR dots remain above the price, signaling that sellers are still in control. VWAP resistance at $1.94 caps intraday momentum, and attempts to push through it have failed repeatedly.

Short-term traders are trying to hold a narrow consolidation band between $1.90 and $1.94. A clean break above $1.95 would show the first sign of intraday relief, but without volume improvement, that move may fade quickly. The broader trend still dictates direction as long as the EMAs overhead remain stacked downward.

Failure to hold $1.90 opens the door to a retest of $1.85, which sits just below the channel boundary and marks the next liquidity pocket from early Q2.

Ripple Narrative Adds Long-Term Optimism But No Short-Term Lift

Ripple CEO Brad Garlinghouse’s comments at the 2025 XRPL Apex Conference injected long-term optimism into the ecosystem. His claim that XRPL could capture up to 14 percent of SWIFT’s annual volume within five years sparked renewed debate about future utility. Ripple’s ODL service processed $1.3 trillion in Q2 alone, highlighting real adoption in certain corridors.

Yet short-term conditions still dominate price behaviour. XRP’s active addresses collapsed from 105,000 to 6,000 this year, showing limited retail activity. Competition from stablecoins, CBDCs, and private settlement networks also remains strong. Even if the long-term vision is compelling, short-term flows and technical structure continue to dictate market direction.

Will XRP Go Up?

The next move hinges on whether buyers can defend the $1.88 to $1.94 support band. This region has acted as a springboard multiple times since early spring, but it is now being tested under heavier outflow pressure.

• Bullish case: XRP must reclaim $2.21 and close above the 20-day EMA with rising volume. That would break the immediate downtrend and open a path toward $2.41 and $2.55. A breakout above the channel’s upper boundary would confirm a trend reversal.
• Bearish case: A daily close below $1.88 turns the current slide into a confirmed breakdown. That exposes $1.75 and then $1.70 as the next demand zones. Losing $1.70 shifts the broader structure toward a deeper corrective phase.

If buyers defend support and reclaim the 20-day EMA, momentum can shift. A breakdown through $1.88 keeps sellers in full control and extends the move toward lower liquidity pockets.