7 Shocking Facts About XRP’s Price Movements You Need to Know
Unraveling the Mysteries Behind XRP’s Recent Price Fluctuations
The recent recovery in the price of **XRP** faced a noticeable rejection near the $2.28 mark, and the bulls tried their best to maintain an impulse over key resistance. While the **XRP price today** is about $2.22. At the time of writing, the wider market signals and a fresh flaw below changed short-term moods. Now the question is whether this rollback notes a healthy retest or the beginning of another downward movement.
Let’s dive into the dynamics of **XRP** and understand what’s driving its price movements. Whether you’re a seasoned investor or just starting out, these insights will help you navigate the volatile world of cryptocurrency.
What Happens to the Price of XRP?
After a short attempt to break through the descending trend line, the **XRP price action** saw a quick rollback from $2.30, which was turned into a proposal among the growing zones. The weekly schedule reveals a series of lower highs since March, and **XRP** will constantly struggle to restore the level of 0.618 Fibonacci around $2.60. At the weekly retracement, **XRP** continues to consolidate between the level of 0.5 ($2.27) and the retracement of $0.382 around $2.06, and the bulls are currently protecting the lower border.
On the 4-hour chart, **XRP** touched the intraday high of $2.2898 before sliding back under the resistance of the trend line. Currently, the price checks the previous breakout region around $2.22–2.20. If this zone is held as support, the bull structure can still remain intact. The gap below it, however, can again imagine the pressure below, aimed at $2.17 and $2.07.
RSI, MACD Show a Disappearing Impulse at the Lower Stages
Short-term indicators involve a weakening of bull control. The **Relative Strength Index (RSI)** in a 30-minute chart dropped sharply from the overbought levels and is now around 36, which indicates a fading impulse. The **MACD histogram** also shows a negative divergence, with bearish cross-imperial signals, leveled with the last refusal of resistance.
On the 4-hour chart, the Bollinger Bands are narrowing after the flash of volatility, and the price is again below 100-EMA ($2.23), which can act as short-term resistance. 200-EMA around $2.25 notes a critical zone for any bull continuation.
These signals contribute to an increase in the volatility of prices by **XRP**, which suggests that traders can rotate from high beta assets, such as **XRP** against the background of indecision in the market.
ICHIMOKU and TRENDLINES Highlight the Key Solution Zone
The **Ichimoku Cloud** in a 30-minute timeframe shows that the price slides into a cloud from above. Tenkan-Sen and Kijun-Sen lines intersected bearishly, while the price soars around the flat top of the cloud around $2.22. This zone now serves as an equilibrium point where the breakdown can quickly push **XRP** to the green support area around $2.07.
On a 1-day chart, the descending trend remains structurally untouched if the bulls did not clear the $2.53 resistance zone, which corresponds to the upper boundary of a wider descending triangle. Until then, any bullish rallies will probably be short-lived.
Why Is the Price of XRP Decreasing Today?
The direct answer to why the **XRP price** is decreasing today is a sharp deviation from resistance, along with the weakening of technical indicators and the inability to maintain an impulse above $2.25. In addition, wider risk moods on crypto markets, especially following Bitcoin’s inability to return to $71,000, weighed on altcoins, such as **XRP**.
Another bearish element is growing friction near a zone of $2.30, which corresponds to preliminary supply areas. Traders consider these rallies as opportunities to exit positions, and not initiate new ones, which leads to an increase in overhead pressure.
Short-Term Forecast of XRP Prices and Key Levels
A cautious **XRP price** update remains. Breaking below $2.20 can accelerate losses to $2.07–$2.05, where last week the previous support held the company. On the other hand, the recovery above $2.26 and sustainable strength above $2.30 will open the way to $2.35 and $2.53.
The continuation of the bullish trend remains possible, but the current price of **XRP** should deprive the recent bearish refusal, quickly restoring the lost ground. If not, the trend may continue to drift aside to reduce.
Radiography of the Technical Forecast Table
| Technical Indicator | June 9 Forecast | Bias |
| Resistance Levels | $2.26, $2.30, $2.35 | Bearish refusal of $2.30 |
| Support Levels | $2.20, $2.07, $1.98 | Holding $2.20 is key to a chance |
| RSI (30 minutes) | 36.09 | Bearish |
| MACD (30 minutes) | Bearish crossover | Bearish |
| Bollinger Bands (4H) | Narrowing | Return of the low phase of volatility |
| Ichimoku Cloud (30m) | The price inside the cloud | Neutral, follow |
| EMA (4H) | Below 100/200 EMA | Bearish |
| FIB Levels (weekly) | Holding above 0.382 ($2.06) | Neutral slope |
While **XRP** showed signs of a breakthrough force at the beginning of the week, today’s deviation around $2.28 increases caution. The retention of $2.20 is important for maintaining a short-term bull case. In case of violation, the price of **XRP** can retest a deeper support around $2.07. Until the bulls perceive control above $2.30, the trend remains neutral to slightly bearish.
Disclaimer: The information presented in this article is intended only for informational and educational purposes. The article is not financial advice or trading tips. Coin Edition is not responsible for any losses incurred as a result of the use of content, products, or the services mentioned. Readers are recommended to be cautious before taking any actions related to the company.
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FAQ
What is the current price of XRP?
The current price of **XRP** is around $2.22 at the time of writing.
Why is the price of XRP decreasing?
The price of **XRP** is decreasing due to a sharp deviation from resistance, weakening technical indicators, and the inability to maintain an impulse above $2.25. Additionally, wider risk moods on crypto markets and growing friction near the $2.30 zone contribute to the bearish pressure.
What are the key support and resistance levels for XRP?
The key support levels for **XRP** are $2.20, $2.07, and $1.98. The key resistance levels are $2.26, $2.30, and $2.35.
What technical indicators are showing a bearish trend for XRP?
The **RSI** and **MACD** indicators are showing a bearish trend for **XRP**. The **RSI** has dropped to 36.09, indicating a fading impulse, and the **MACD** shows a bearish crossover.
What is the short-term forecast for XRP?
The short-term forecast for **XRP** is cautious. Breaking below $2.20 can accelerate losses to $2.07–$2.05. On the other hand, a recovery above $2.26 and sustainable strength above $2.30 will open the way to $2.35 and $2.53.
What is the Ichimoku Cloud indicating for XRP?
The **Ichimoku Cloud** in a 30-minute timeframe shows that the price of **XRP** is sliding into a cloud from above, indicating a neutral to bearish trend. The Tenkan-Sen and Kijun-Sen lines have intersected bearishly, and the price is around the flat top of the cloud at $2.22.
What is the significance of the $2.20 level for XRP?
The $2.20 level is crucial for maintaining a short-term bull case for **XRP**. If this level is held as support, the bull structure can remain intact. A breakdown below $2.20 can accelerate losses to deeper support levels.
How does the wider market affect XRP’s price?
The wider market signals and risk moods, especially following Bitcoin’s inability to return to $71,000, have a significant impact on **XRP**’s price. Altcoins like **XRP** often follow the trends set by major cryptocurrencies like Bitcoin.
What should traders consider when investing in XRP?
Traders should consider the technical indicators, support and resistance levels, and wider market trends when investing in **XRP**. It’s essential to stay informed and cautious, especially in a volatile market.
How can I stay updated with the latest news on XRP?
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