- XRP is trading at $2.1259 after failing to stay above the $2.30 resistance zone, signaling short-term weakness.
- Sellers took control after repeated rejections between $2.3381 and $2.3719, pushing the price below key moving averages.
- Price is nearing oversold territory near the lower Bollinger Band at $2.1432, with next support between $2.0845 and $2.0612.
- A bounce from the current support block could give bulls a chance to retest the $2.30–$2.37 resistance area.
XRP is currently trading at $2.1259, showing signs of a short-term bearish shift after failing to hold above recent resistance levels. The broader market trend has turned cautious, with sellers taking control following a strong rejection near the $2.30 zone.
Over the past few sessions, XRP attempted to push higher but faced stiff resistance between $2.3381 and $2.3719. This area, highlighted by red-shaded zones on the 4-hour chart, has acted as a significant ceiling for the asset.
XRP Faces Decision Point After Sharp Drop
The rejection from this level triggered a sharp decline, pushing the price below both the 20-period Bollinger Band midline ($2.2576) and the 9-period DEMA ($2.1503)—key indicators of waning bullish momentum.
Currently, the price is hovering just above the lower Bollinger Band, situated at $2.1432, suggesting that XRP is approaching oversold territory. If selling pressure continues, the next crucial support lies between $2.0845 and $2.0612, where the price has historically found strong buying interest. A breakdown below this level could open the doors to a deeper correction toward the $2.00 psychological mark.
Despite the current downside pressure, bulls may still find an opportunity if the price stabilizes within the green-shaded support block. A successful bounce from this area could reignite bullish momentum and set the stage for another attempt to breach the $2.30–$2.37 resistance band.
XRP’s technical outlook has weakened in the short term, with key support levels now being tested. The market remains on edge, and the next few sessions will be critical in determining whether XRP can reclaim lost ground or extend its decline.
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