XRP's Price Stability Under Threat as Sellers Gain Momentum

Ripple's cryptocurrency XRP has declined 1.42% to $2.13 amid increased selling pressure. Technical analysts warn of a potential downward breakout from the seven-month consolidation zone. Buyers are attempting to maintain the current support level, but the growing pressure raises concerns about the need for a new support point. Investors remain cautious, with short-term data playing a key role in shaping XRP's price movement.

Ripple's cryptocurrency XRP has seen a significant decline of 1.42% to $2.13 on June 19, 2025, amidst heightened selling pressure. This downward movement has been attributed to a continued bearish trend, with technical analysts cautioning about a potential breakout from the seven-month consolidation zone. Despite buyers' efforts to maintain the current support level, the mounting selling pressure has raised concerns about the need for a new support point.

The XRP price has been under bearish pressure for several months, with sellers seeking a breakdown from a seven-month consolidation range. The recent decline has been exacerbated by a lack of buying interest, as evidenced by the shrinking volume histogram bars and a descent in the CMF indicator [1]. These factors have contributed to the formation of a weak bullish candle structure, indicating a market that is either consolidating or losing steam.

Key levels to watch in the XRP price include the support zone between $1.99 and $2.09, which has been defended for the last six months, and the resistance level at the 200-day SMA of $2.37 [1]. If the price falls below the support zone, it could decline to a multi-month low of $1.61. Conversely, a strong bounce from this support with substantial buy volumes could signal a potential price rebound.

The long/short ratio, as depicted on Coinglass data, has surged to 1.035, indicating a bullish sentiment among traders. This ratio marks the highest level in nearly one month, suggesting optimism towards a potential recovery in the XRP price. However, the current technical structure leans bearish, with the majority of moving averages and oscillators providing negative signals [2].

The XRP price remains trapped in a sideways structure, with notable indecision between bulls and bears. The 4-hour chart reinforces the short-term downtrend, which began at $2.34 and has resulted in a sequence of lower highs. The formation of weak bullish candles and diminishing volume reflect a market that is either consolidating or losing steam. Unless XRP breaks through $2.18 with strong follow-through, the daily trend remains skewed toward the downside [2].

Investors remain cautious, with short-term data playing a key role in shaping XRP's price movement. The potential breakout from the seven-month consolidation range is looming, as Bollinger bands squeeze and a symmetrical triangle narrows. However, buyers need to step into the market again for a bullish breakout to occur. The current reading of 45 indicates hesitation among buyers, which could prevent a breakout from the consolidation range [3].

References:
[1] https://coingape.com/markets/xrp-price-analysis-key-levels-to-watch-as-longs-hit-1-month-high/
[2] https://api.news.bitcoin.com/wp-json/bcn/v1/post?slug=xrp-price-watch-consolidation-continues-amid-falling-volume
[3] https://coingape.com/markets/can-xrp-price-break-out-of-7-month-consolidation-as-bulls-reduce-leverage-bets/