XRP News Today: XRP Price Stalls at $2.18 After June's 20% Decline

XRP has shown signs of recovery after bouncing from the $2.00 support zone. The price has pushed slightly above the 9-day Simple Moving Average (SMA), but resistance near $2.23 continues to hold. The daily chart indicates indecision, with mixed momentum across key indicators. The market appears to be at a standstill, awaiting either a breakout or another retracement.

After falling steadily through most of June, the XRP price has climbed back to $2.18. However, it faces strong resistance between $2.22 and $2.25 and needs more buying strength to maintain momentum. The current price is $2.1823, with a 24-hour change of -0.34%. The 9-day SMA is at $2.1361, and the volume is mixed, with no trend confirmation.

XRP price remains stuck between its short-term moving average and resistance near $2.25. The bounce off $2.00 has not yet translated into a sustained uptrend. A close above $2.25 could change the tone, but until then, the range holds. The upper wick near $2.23 on today’s candle suggests that sellers are stepping in at local highs. Support at $2.13 and $2.00 remains the key zone to watch if the price begins to slip again.

The broader trend for XRP is still weak. After weeks of lower highs and failed breakout attempts, the market remains cautious. The recent green candle above the 9-day SMA gave bulls some momentum, but it hasn’t held up convincingly. Today’s candle is shaping up with a small red body and a long upper wick, usually a sign that buyers got rejected. If bulls can’t push past $2.25 soon, XRP might start sliding back toward the $2.00 level.

Technical indicators on the daily timeframe show a mixed picture. The Relative Strength Index (RSI) is neutral at 49.288, indicating no clear momentum. The Average Directional Index (ADX) is at 23.198, suggesting weak trend strength and sideways conditions. The Moving Average Convergence Divergence (MACD) shows a mild bullish crossover at 0.003, while the Commodity Channel Index (CCI) is at -70.3804, indicating a bearish tone trending toward oversold. The Rate of Change (ROC) is at 0.059, suggesting slight upward movement with a weak buy signal. The Bull/Bear Power indicator is at -0.0138, showing that bears are still slightly in control.

In summary, indicators are mixed. MACD and ROC suggest early bullish pressure, but ADX, CCI, and Bull/Bear Power lean bearish. RSI remains neutral. No strong trend has emerged. The chart looks uncertain, with no clear trend and short-term momentum still unproven.

For the bullish scenario, if XRP can close above $2.30 with strong volume, it might make a run toward $2.50. However, no breakout has occurred yet. In the neutral scenario, if the price stays between $2.00 and $2.30, XRP price may continue moving sideways, waiting for a new catalyst. In the bearish scenario, if XRP slips below $2.00, there’s a good chance it could head back down to the $1.85 or even $1.75 support zones seen earlier this year.

XRP price is attempting a recovery, but price action remains inconclusive. Buyers have stepped in near $2.00, but resistance just above $2.20 is proving difficult to break. Traders are watching $2.13 and $2.30 closely. A break on either side is likely to set the direction for XRP's next move. For now, the market remains stuck in a consolidation phase.