XRP news: Price holds near $2.27 as breakout momentum stalls below key resistance
XRP faces resistance near $2.30 with intraday pullback showing weakening momentum
XRP is trading near $2.273 in the July 3 session, giving back some gains after briefly piercing the $2.30 level earlier in the day. Despite intraday weakness, the asset remains above its recent breakout zone, supported by bullish EMA alignment on lower timeframes.
Highlights
- XRP trades near $2.27 after intraday rejection from $2.30 resistance
- Momentum indicators show cooling, with RSI and MACD turning neutral
- A breakout above $2.38 is required to confirm broader bullish reversal
Still, with momentum indicators softening, the rally is showing signs of fatigue unless bulls regain control with strong volume above current resistance.
Resistance cluster caps near-term advance
On the 4-hour chart, XRP faced clear resistance just above $2.30, failing to close above the upper Bollinger Band. This marks the second time in three days that price has been rejected from this zone, which aligns with a wider confluence of technical barriers, including trendline resistance and prior supply levels.
XRP price dynamics (Source: TradingView)
Price remains above the 20-, 50-, 100-, and 200-EMAs between $2.18 and $2.22, which now form a dynamic support cluster. As long as XRP holds above this base, the broader structure stays constructive, though short-term consolidation is likely.
On the daily timeframe, XRP remains capped beneath a descending trendline that stretches back to April highs. This line intersects near $2.38–$2.40, which bulls must reclaim to confirm a macro reversal. Until then, the current advance appears to be a mid-range retest rather than a confirmed breakout.
Momentum indicators soften after intraday rejection
On the 30-minute chart, RSI has dipped to 50.79 from a recent high near 67, indicating a drop in bullish strength. MACD remains positive but is starting to roll over, with the histogram contracting. These shifts point to a fading rally unless bulls step in decisively.
Supporting the still-bullish bias, the Supertrend on the 4-hour chart remains green, while the DMI indicator shows +DI still leading –DI. However, with ADX approaching 30, trend strength may be nearing exhaustion, reinforcing the need for confirmation.
If XRP reclaims $2.38 on a daily close, upside targets extend toward $2.58 and $2.65. If the asset drops below $2.22, it may revisit the $2.10–$2.15 support zone.
In our July 2 analysis, we highlighted XRP’s need to confirm strength above $2.30 to sustain its short-term uptrend. While bulls managed to breach this level intraday, the failure to hold above it reinforces our earlier caution that momentum could fade without confirmation. The $2.18–$2.22 band remains key as both technical and psychological support.
