XRP price holds ground at $2.29 with volatility buildup underway
XRP price tests cloud support as bulls eye breakout above descending trendline resistance
XRP (XRP/USD) is trading just below $2.30 on June 10, stabilizing after facing resistance near the $2.3270 mark earlier in the week. Following a breakout above $2.25, the price has entered a narrowing range, with volatility indicators pointing toward an imminent move.
Key highlights
- XRP trades around $2.29 after facing rejection near $2.3270
- MACD and RSI suggest weakening momentum while Ichimoku holds near support
- Key zone between $2.2490–$2.2890 remains critical for bulls to defend
Despite short-term rejection, XRP remains above key moving averages and support zones, leaving the broader outlook cautiously bullish as consolidation unfolds.
Price rejection tempers short-term momentum
The recent pullback was triggered after XRP failed to break above the $2.3270 barrier, a level now reinforced by a descending trendline on the 4-hour chart. The 30-minute RSI cooled to 44.55, and the MACD signal line edged lower, reflecting fading intraday momentum. Additionally, the MACD histogram is now flat, confirming a loss in bullish pressure.
XRP price dynamics (Source: TradingView)
Nonetheless, price action remains above the 200 EMA and Ichimoku base cloud support at $2.2890. The Stochastic RSI in deep oversold territory suggests that a short-term bullish reversal may follow if bulls maintain control above the cloud. The flattening Ichimoku lines and tightening structure hint at brewing volatility, but a breakout confirmation is still pending.
Outlook hinges on breakout from consolidation
The broader picture remains constructive as long as XRP holds the $2.2490–$2.2890 support zone, which overlaps with the 20/50 EMA cluster and key trendline support from early June. A daily close below this zone could expose downside risks toward $2.2150 or $2.0780.
Upside potential remains capped by $2.30 and $2.3270, but a confirmed breakout would place the $2.5280 Fibonacci level back in play. Bollinger Bands on the 4-hour chart are expanding again, reinforcing the likelihood of a directional breakout within the next 24–48 hours.
In prior analysis, XRP’s bullish structure above the $2.25 region was highlighted as a key pivot. The latest XRP price update reinforces that view, with the market now consolidating under resistance. A move above $2.32 could shift sentiment decisively bullish and reignite a rally toward the $2.52 region.
