XRP price weakens near $2.13 as sellers test critical support around triangle base

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XRP tests $2.08 support after rejection from $2.35 swing high

Key highlights

- XRP trades at $2.13 after rejecting $2.35 resistance, falling back into a key support zone

- Price structure breaks from rising wedge; bears eye $2.00–$1.95 if $2.08 fails to hold

- Indicators show weakening momentum as XRP remains below all major EMAs across timeframes

Technical structures across intraday and daily charts suggest mounting downside pressure, with sellers gaining control amid a lack of bullish follow-through.

XRP price forecast (Source: TradingView)

On the 4-hour chart, XRP broke down from a rising wedge formation and has since entered the prior liquidity pocket between $2.10 and $2.13. Smart Money Concepts highlight a recent Change of Character (CHoCH) to the downside and failure to form higher highs following the earlier bullish run. The Point of Control (POC) from the volume profile sits around $2.07, making this level vital for defending the current structure. A breakdown here could expose deeper downside toward $2.00 and $1.85.

Bearish compression intensifies across short-term charts

On the 30-minute and 1-hour timeframes, XRP shows a compression structure with lower highs and a descending trendline. Sellers continue to reject every breakout attempt at $2.17, and both the 20 and 50 EMAs slope downward—confirming bear alignment. Indicators show RSI slipping below 38, MACD maintaining bearish momentum, and volatility tools like Bollinger Bands and Keltner Channels pointing to tightening price action that may precede a breakdown.

The daily chart captures a broader symmetrical triangle pattern, with price now sliding toward the base. If XRP closes below $2.07 on daily candles, it could trigger a selloff toward $1.88–$1.84, both of which align with prior high-volume nodes and demand zones from April and March.

Outlook remains cautious amid weakening trend

Unless XRP reclaims $2.20 with conviction, followed by a move above $2.30, the technical bias remains bearish. A failure to hold above $2.08 would confirm the breakdown and open further downside risk. For now, traders are watching closely to see if the $2.07–$2.08 support zone can hold as XRP compresses within narrowing price bands.

In our earlier coverage, we emphasized the importance of the $2.35 resistance and the weakening momentum under EMA resistance clusters. The current move confirms our prior outlook that XRP remains vulnerable to deeper pullbacks unless key levels are reclaimed.

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