XRP News Today: XRP Drops 1.5% to $2.28 Despite Ripple Partnership

XRP, the cryptocurrency associated with Ripple Labs, has experienced a notable decline today, dropping to $2.28. This decrease occurred despite Ripple Labs' recent announcement of a significant partnership with Guggenheim Partners. The broader market has shown signs of stabilization, but XRP's price volatility has increased as bulls and bears engage in a battle near critical short-term trendlines.

The recent price action of XRP has formed a tightening range following a breakout from a lower consolidation wedge. On the 30-minute chart, XRP has bounced off the Ichimoku cloud base at $2.2894, indicating early signs of defending this structural support. The cloud is beginning to flatten, suggesting a potential pause in momentum, while the Tenkan-Sen and Kijun-Sen lines remain tightly compressed, a setup often preceding a breakout move. The Stochastic RSI is deep in the oversold zone at 4.84/1.91, indicating a potential bullish reversal if the price holds above the cloud. Meanwhile, the price continues to trade just above the flat Kijun-Sen line, which has previously served as a bounce point during prior consolidations.

The reason behind XRP's price decline today can be attributed to a classic rejection from short-term resistance and weakening momentum on intraday indicators. The 30-minute RSI has dropped to 44.55 from overbought levels earlier this week, confirming a loss of bullish drive. The MACD histogram has flattened near the zero line, with its signal line trending downward, reflecting fading upside pressure. Additionally, XRP was unable to break and close above the $2.3278 resistance band, which coincides with a key descending trendline seen on the 4-hour chart. This failure triggered mild profit-taking as traders reacted to overextended conditions after recent XRP price spikes.

Despite this, the price remains well above the rising trendline and 20/50 EMA cluster near $2.25. These levels are now acting as immediate support and may help curb deeper losses if tested again. The broader structure for XRP remains cautiously bullish, but only if the $2.2493–$2.2890 range holds. This region is supported by both horizontal liquidity pockets and dynamic EMA support on the 4-hour timeframe. A breakdown below this level would expose the $2.2152 confluence zone, which aligns with the ascending support trendline from June 7.

On the weekly chart, XRP price continues to consolidate just below the 0.382 Fibonacci retracement near $2.52. Sustained bullish momentum above $2.32 is required to retest this upper band and potentially confirm a breakout from the multi-month symmetrical triangle pattern visible on the daily timeframe. Notably, Bollinger Bands on the 4-hour chart are beginning to widen again, suggesting an impending XRP price volatility event. The price is currently positioned near the middle band at $2.25, implying that the next directional move may emerge within the next 24–48 hours.

If bulls manage to reclaim $2.30 with strong volume, the next resistance lies at $2.3278, followed by the larger weekly target at $2.5291. A decisive close above this threshold would likely trigger fresh long interest and invalidate the current short-term bearish divergence. On the downside, failure to hold above the $2.2493 support zone could push the XRP price toward $2.2152 and potentially $2.0786 — a region that represents a confluence of weekly support and the lower end of the daily triangle.

Given the mixed signals across the RSI, MACD, and Ichimoku indicators, traders should watch for breakout confirmation before entering directional positions. XRP price update for June 11 suggests a tightening coil that could resolve quickly, with the price currently trading just above a crucial short-term support shelf. The catalyst behind XRP price strength includes its addition to the Nasdaq Crypto US Settlement Price Index, marking a pivotal milestone for institutional interest. However, the recent decline in price can be attributed to technical factors and market dynamics rather than fundamental changes.

On-chain activity is starting to pick up as well. Supporters are particularly focused on June 16, a date that has become synonymous with possible resolutions in the Ripple vs SEC saga. Quite a number of people seem to believe that a favorable outcome could serve as a very strong catalyst for XRP’s next move. From a technical point of view, XRP is trying to recover from a key support zone in the range of $2.10 and $2.25. Immediate resistance levels are marked at $2.34 and $2.44, with stronger resistance near $2.60. Other traders are looking for a possible double bottom pattern forming on the charts, which would be a bullish pattern if confirmed in the near term.

On shorter timeframes, particularly the 8-hour chart, XRP is showing signs of a bullish divergence. While the price has slipped, momentum indicators like the RSI are quietly trending higher, suggesting a possible price bounce in the near term. However, one wildcard could shake things up — the upcoming U.S. CPI inflation data set to be released within the next 24 hours. Depending on how those numbers land, short-term market sentiment across crypto, including XRP, could shift quickly.