XRP price struggles below $2.21 as rejection from supply zone fuels short-term bearish outlook
XRP’s recent rally has lost momentum after failing to clear a key resistance zone, with price action now tilting bearish in the short term. The cryptocurrency reversed sharply from the $2.34–$2.36 supply region and has retraced toward the $2.19 mark, exposing the asset to further downside if buyers fail to step in near structural support.
Highlights
- XRP reversed from $2.34–$2.36 supply zone and is now trading near the $2.19 support level.
- Momentum and volume indicators have weakened, signaling fading bullish conviction.
- If $2.13–$2.15 breaks, price may fall to $2.05 or lower, while reclaiming $2.26 could shift momentum.
The rejection near the $2.34–$2.36 zone triggered a short-term Change of Character (CHoCH), as seen on Smart Money Concepts charts, with follow-through selling bringing XRP back toward minor demand near $2.19–$2.20. Despite minor support at this level, a lack of strong absorption suggests cautious buying interest.
XRP price forecast (Source: TradingView)
Technical indicators, including the 4-hour Bollinger Bands and the EMA cluster, point to reduced bullish control. Price is testing the 200 EMA near $2.21, with downside risk toward the $2.13–$2.15 block if this zone fails.
Volume and momentum readings suggest weakening trend
Indicators are flashing early warnings. The BBP has turned negative, the Parabolic SAR has flipped above price on the 4-hour chart, and DMI shows bearish crossover with increasing ADX strength.
Liquidity structure also indicates a sweep above prior equal highs near $2.34 was followed by a CHoCH breakdown below $2.23, adding to the bearish narrative. Meanwhile, OBV has stalled and CMF has ticked lower, reflecting cooling capital inflows after the breakout attempt.
Outlook for XRP price action
Unless XRP can reclaim the $2.21–$2.26 band with conviction, the path of least resistance remains to the downside. Short-term bearish continuation could target the $2.09–$2.05 region, which aligns with a historical demand shelf. However, a move back above $2.26 and a break of $2.31 would shift momentum back to bulls, with upside targets at $2.38 and $2.47.
In our earlier analysis, we highlighted the importance of the $2.33–$2.35 region as a key resistance. This zone has once again proven dominant, rejecting price and realigning the short-term bias toward reversion. We will continue tracking momentum signals and structural changes closely.
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