XRP price faces bearish pressure after failed breakout above $2.65
XRP price struggles below $2.65, testing support at $2.25 amid growing bearish momentum
XRP is trading near $2.33, experiencing a 4.8% intraday drop as bearish momentum accelerates. The digital asset has struggled to maintain momentum after a failed push above $2.65 earlier this week, now testing short-term support levels around $2.216.
The recent drop reflects a clear shift in sentiment, as sellers regain control beneath the key $2.40–$2.50 resistance zone. Unless bulls step in soon, the ongoing correction may deepen into the $2.10–$2.00 range.
XRPUSD price dynamics (April 2025 - May 2025) Source: TradingView.
Bearish momentum intensifies as XRP price tests support
XRP’s recent rally to $2.68 in mid-May was abruptly reversed after facing rejection near $2.62, a critical descending trendline resistance. On the 4-hour chart, XRP price has slipped into the $2.28–$2.31 support zone, which had previously acted as a breakout level and remains a short-term demand area. However, momentum indicators on lower timeframes suggest a bearish outlook, as the RSI on the 30-minute chart is at 36.6, indicating oversold conditions but with no immediate reversal signals. The MACD also continues to deteriorate, printing negative bars and indicating persistent selling pressure.
The Ichimoku Cloud setup on the 30-minute chart is also bearish, with price trading below both the Tenkan-sen and Kijun-sen, signaling continued downside pressure. The Bollinger Bands on the 4-hour chart have widened, pointing to rising volatility and increased downside risk. A failure to reclaim $2.34, the Ichimoku cloud base, could extend losses toward $2.25 and beyond.
Outlook and key levels to watch
Looking at the broader weekly perspective, XRP remains above the 0.236 Fibonacci retracement level at $2.26, drawn from the November 2023 low to the March 2025 high. A daily close below this level could open up the path toward further declines, potentially targeting the $1.99–$1.91 region, where additional support from the 100-day EMA and trendline converge.
As previously discussed, XRP’s price today is facing downward pressure, driven by fading bullish momentum and the lack of follow-through from earlier rallies. Traders are now closely watching the $2.25 support zone—if bulls fail to defend it, a deeper retracement is likely, with a potential move toward $2. Conversely, reclaiming the $2.40–$2.50 resistance zone would shift sentiment back toward the bulls, setting the stage for a possible recovery.
