- XRP now sits on a support area that has held for several years and links with a weekly 100 EMA level.
- The chart presents a double-top structure that may confirm if price closes below the 1.8 region.
- A move under the demand zone could shift the bias toward further downside if the weekly close holds.
XRP moved toward a major multi-year support zone this week as the price traded near the 1.8–2.0 region, where long-standing horizontal structure meets the weekly 100 EMA. The chart now shows a wide double-top shape that may confirm if the price closes under the lower boundary of the support block.
Support Zone Aligns With Key Long-Term Structure
The chart displays a horizontal support area that has acted as a floor for several years. This level sits between 1.8 and 2.0 and marks the point where several earlier declines halted before forming new phases of market activity. Price now trades inside this range as sellers push the pair toward the lower end of the block.
The weekly 100 EMA sits directly under the structure. The moving average has held as a mid-trend guide during earlier cycles and now forms part of the current support region. The chart shows the price sitting above that moving average as the new weekly candle forms.
A demand zone extends across the same region. This zone represents heavy volume activity from earlier periods and signals that buyers engaged in several phases near these values. The market has returned to this zone for the first time since the earlier peak formed on the left side of the chart.
Double-Top Structure Forms Across the Higher Timeframe
The visible pattern on the weekly chart displays two large peaks separated by a wide mid-range decline. The first peak reached the upper region and pulled back before forming a new rally into the second high. The second peak then reversed sharply and began to move toward the support area.
A double top forms when two highs appear at similar levels, followed by a decisive break under the mid-range support line. The chart now shows the neckline of that structure placed directly on the 1.8–2.0 region. A weekly close below that region may confirm the shape and signal continuation in the same direction.
The pattern spans several years of activity. The size of the structure increases the importance of the current support level since it marks the key line that holds the formation together. A break would link the earlier reversal with the present decline and complete the higher timeframe setup.
Critical Levels Guide Market Focus as Price Approaches 1.8
The chart highlights the importance of a weekly close under 1.8. Such a move would break the major support line and open the pathway for lower values to appear. The chart notes that this close is required to confirm the full pattern and activate the next phase of the trend.
The current price sits near 2.0 as the weekly candle unfolds. The moving average and the demand zone remain active as the pair holds above the lower edge of support . The next move depends on whether buyers can defend the 1.8–2.0 region during the next set of sessions.
The chart raises a key question for the market: Will XRP defend the 1.8–2.0 support zone or confirm the multi-year double-top pattern with a break below the boundary?
