23.06.2025
Jainam Mehta
Contributor
23.06.2025

XRP news: Price slips below $2 as bearish signals intensify and support zone faces pressure

XRP news: Price slips below $2 as bearish signals intensify and support zone faces pressure XRP price struggles below $2.05 as bearish momentum continues across short and long timeframes

​The XRP price on June 23 is trading around $1.99 following a mild bounce from the $1.93–$1.96 liquidity zone, but the recovery lacked conviction. The pair failed to reclaim $2.05, where resistance from both the 20/50 EMAs and the lower Bollinger Band has constrained upside efforts. 

Key highlights

- XRP price today trades near $1.99, failing to reclaim $2.05 amid compressed volatility conditions

- Technical indicators reflect bearish momentum, with key EMAs stacked negatively on multiple timeframes

- If $1.93 support breaks, XRP risks falling toward $1.70, with Fibonacci support seen at $1.56

The short-term rebound appears corrective as multiple indicators point to persistent bearish control across timeframes.

XRP price dynamics (Source: TradingView)

The 4-hour chart reflects a bearish structure with XRP pinned beneath all key moving averages and a prior rising wedge breakdown confirming the broader weakness. Notably, the Chande Momentum Oscillator sits deep in negative territory at -25.25, while the Volatility Index (VI) shows negative dominance. The Bollinger Bands remain compressed, suggesting a potential breakout but not yet favoring bullish expansion.

Long-term chart structure shows vulnerability

The daily chart reinforces concerns for XRP bulls, as price action has breached a rising wedge baseline and is now retesting the December breakout support region between $1.87 and $1.94. Unless the pair regains momentum above $2.12 and reclaims the symmetrical triangle midpoint, the trend remains vulnerable. Fibonacci retracement levels place further downside risk at $1.56, the 0.618 level from the broader rally—a key macro zone last defended in late 2024.

In the intraday view, XRP continues to struggle under descending trendlines, with resistance near $2.03 capping upward movement. Without a clear breakout above the $2.15–$2.20 supply area, any bullish attempt may falter quickly, leaving the pair open to further losses, especially if the $1.93 floor gives way in the coming sessions.

As previously discussed, XRP price had attempted to reclaim bullish momentum earlier this month but faced consistent rejection at higher levels. With trendline resistance holding firm and bearish indicators stacking across the board, the outlook now favors continued downside unless bulls produce a high-volume breakout above the 4-hour EMA cluster.

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