- XRP has fallen 5.23% to $2.08, showing increased bearish pressure and trading below key resistance levels.
- The price is near the lower Bollinger Band, indicating higher volatility and a risk of further decline.
- Resistance between $2.28 and $2.30 remains strong, while support at $2.06 is critical to prevent sharper losses.
- The short-term trend is bearish, confirmed by a downward-sloping DEMA and a pattern of lower highs and lows.
XRP has been struggling to maintain bullish momentum and currently in bearish trend, as its price recently dipped to $2.08, marking a 5.23% decline in the last 24 hour. This drop underscores growing bearish pressure as the token trades within a tightening range below major resistance zones.
XRP’s Short-Term Trend Turns Bearish
The Bollinger Bands (20, SMA) highlight the rising volatility, with XRP now hovering near the lower band at $2.0891. This signals an increased risk of further downside, especially as the price remains below the midline resistance at $2.2091. The upper band near $2.2984 has consistently rejected upward moves, establishing a ceiling XRP has failed to break through in recent sessions.
A look at the support and resistance structure shows that the $2.2829–$2.2984 range remains a strong barrier. This area, once breached in mid-May, now acts as a major resistance zone that has capped multiple attempts at a breakout. To the downside, support at $2.0612 is critical. A breakdown below this level could trigger a sharper correction toward the psychological $2.00 mark.
Adding to the bearish sentiment, the 9-period DEMA (currently at $2.1415) has started sloping downward, positioning itself above the current price. This crossover further confirms the short-term bearish trend and indicates that bulls are losing control of momentum.
XRP’s broader price structure has shifted to a bearish stance, following a failed breakout above $2.65 in late May. Since then, the token has formed a pattern of lower highs and lower lows. The dominance of red zones on the chart, representing bearish liquidity regions, reinforces the idea that sellers are in control. Green zones, which marked brief bullish phases in April and mid-May, have since faded as downward pressure intensified.
XRP remains vulnerable unless it can reclaim the $2.21–$2.29 region and flip it into support. Until then, the path of least resistance appears to be down. Traders should keep a close watch on the $2.06 support level, as a breakdown below it could lead to accelerated selling in the sessions ahead.
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