XRP News Today: XRP Rebounds 4% After Dipping to $2.06 Demand Zone

XRP, the cryptocurrency, is currently trading around $2.15, showing signs of recovery after a recent dip to the $2.06–$2.11 demand zone. Despite this modest rebound, the overall market structure remains bearish, with significant resistance at the $2.18–$2.22 level. The price action indicates early signs of compression, but a strong upside breakout has yet to materialize.

On the 4-hour chart, XRP is confined within a tightening wedge, characterized by lower highs and gradually rising support. Momentum indicators suggest exhaustion, and trading volume remains subdued, indicating that bulls need to regain higher ground to prevent further declines.

On lower timeframes, XRP has attempted a short-term recovery, forming a higher low near $2.06 and rebounding into the $2.15–$2.17 range. However, this recovery has stalled at intraday resistance, with the 20 and 50 EMAs on the 1-hour chart converging near $2.18, acting as an overhead ceiling. On the 4-hour timeframe, XRP continues to consolidate between $2.085 support and $2.177 resistance, failing to close above the critical $2.18 barrier, which indicates buyer hesitation.

The Bollinger Bands are narrowing, and the Average True Range (ATR) has fallen to 0.0073, confirming contracting volatility. Unless a breakout occurs, the market could continue moving sideways within this tight range. The recent defense of a strong demand zone near $2.06 has served as a base for several rebounds over the past week and aligns with a value area on the volume profile. However, the broader trend remains fragile, with the RSI on the 4-hour chart sitting near 49, showing no directional bias. MACD lines have flattened with a nearly invisible histogram, reflecting indecision. Directional Movement Index (DMI) also shows low ADX readings below 20, confirming a weak trend environment.

Unless XRP breaks above the $2.22–$2.24 cluster, which includes both the 200 EMA and mid-Bollinger band, price is likely to remain capped in a corrective structure. Weekly candles remain inside the 0.382–0.5 Fibonacci range ($2.28–$1.94), reinforcing the mid-range consolidation outlook. The immediate bias for XRP remains neutral to mildly bearish unless bulls reclaim the $2.22 zone with strength. Price is holding within a low-volatility wedge that could break in either direction. The volume profile shows a key support shelf around $2.11, while $2.06 remains the strongest base from recent weeks.

A clean move above $2.22 would flip momentum favorably, with next targets at $2.28 and $2.38. On the other hand, a loss of $2.06 may open the door toward $1.94—the weekly 0.5 Fibonacci level. Unless bulls reclaim the $2.22 zone with volume confirmation, XRP risks sliding back into the $2.11–$2.06 support range. Short-term direction remains unclear, and a volatility breakout appears likely as price compresses inside a wedge. Traders should monitor the $2.18–$2.22 barrier closely for a shift in control.