XRP price struggles to regain momentum as it remains below key resistance

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XRP struggles below key trendline resistance, testing $2.14–$2.16 support

Highlights

- XRP struggles to reclaim the $2.70 level after the November breakout, currently holding above $1.92.

- The coin is testing critical support at $2.14–$2.16, with failure to hold this level risking further declines.

- Momentum indicators show indecision, with weak bullish conviction failing to build.

Currently trading above the 0.5 retracement zone at $1.92, it suggests that buyers have failed to regain macro control, and the asset remains in corrective territory.

Price breaks key support levels, bears in control

On the daily chart, XRP has broken below the ascending support trendline that began in early May, and the price has also rejected the descending trendline from the April high. The drop below the $2.30–$2.32 zone, which previously acted as demand, now marks resistance. The inability to reclaim this zone leaves the bears in control, and the next support level around $2.14–$2.16 is now critical. Failure to defend this area could lead to further declines toward $1.97, a key support zone seen on the daily timeframe.

XRP price forecast (Source: TradingView)

The momentum indicators are reinforcing the bearish outlook. The 30-minute RSI has recently rebounded from oversold territory but is hovering around a neutral 47, showing weak bullish pressure. Meanwhile, MACD is attempting a bullish crossover but lacks strong follow-through, signaling indecision. Similarly, the Stochastic RSI and Ichimoku Cloud charts are showing resistance from the cloud, further indicating the weak upside potential.

Immediate resistance at $2.30 remains key for bullish reversal

The 4-hour Bollinger Bands show XRP attempting to bounce from the lower band, but it remains below the midline and all major EMAs (20/50/100/200), with the 20 EMA acting as resistance around $2.26. This makes it crucial for bulls to reclaim this level to shift the immediate outlook. If XRP manages to break above $2.30 and hold above the EMAs, a retest of the $2.39–$2.41 range may occur. However, if selling pressure persists, the price may test lower levels near $2 or even $1.97.

As mentioned earlier, XRP continues to struggle with key resistance levels. The broader trend remains bearish unless the price can break and hold above key resistance zones, especially around $2.30. If the current support at $2.14–$2.16 fails to hold, further downside risks remain, with a potential retest of $1.97.

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