XRP News Today: XRP Drops 3.40% as Bearish Momentum Persists

XRP has been confined to a sideways trading range between $2.10 and $2.30 for several weeks, exhibiting fading momentum. The lack of strong breakout catalysts has resulted in continued weakness in XRP's price action, with most technical indicators remaining in bearish territory. Earlier this week, the token attempted a recovery but failed to surpass key resistance near $2.22. As of now, XRP is hovering around $2.16, with no clear indication that buyers are regaining control.

Yesterday's prediction highlighted that XRP needed to maintain the $2.10 support to avoid a deeper decline, while warning that upside potential would be limited below the $2.30–$2.33 zone without strong volume. This outlook proved accurate as XRP faced rejection near the 9-day SMA at $2.21 and quickly dropped back below $2.17. Sellers re-entered the market, and the price remained stuck in a narrow range, lacking bullish momentum. The support at $2.10 is now being tested more frequently, increasing pressure on bulls to defend it.

XRP's daily overview for June 18 shows a current price of $2.1618, with a 24-hour change of -3.40%. The daily RSI (14) stands at 39.08, indicating weak momentum and a bearish territory. XRP price is still below its key moving averages and has not managed to rise above the 20-day SMA since May. It is also trading under the 50, 100, and 200-day levels, indicating the significant ground bulls need to cover. The rejection at the short-term moving average shows that buyers are still struggling.

The chart structure remains bearish, with a clear lower high formed and sellers defending the $2.22–$2.25 zone repeatedly. The most recent candle is a bearish engulfing pattern with a long upper wick, displaying strong rejection. The $2.10 support is still holding, but the more it gets tested, the weaker it appears. If XRP breaks clearly below that level, it could be heading toward $2.00. Momentum remains weak, and the daily swings are getting smaller.

Technical indicators on the daily timeframe show a bearish outlook. The MACD (12,26) indicates a bearish crossover with downward pressure continuing. The RSI (14) shows weak momentum, still in bearish territory. The CCI (14) indicates strong selling, near oversold levels. The Ultimate Oscillator shows a bearish tone with fading buying pressure. The Stochastic indicates a short-term bounce attempt, but the setup lacks volume and confirmation. The ATR (14) shows low volatility and tight range trading.

In summary, most indicators are still leaning bearish. RSI, CCI, MACD, and the Ultimate Oscillator all show downward pressure. The Stochastic shows a possible bounce, but the setup lacks volume and confirmation. XRP price remains range-bound with a bearish bias. The $2.10 level is a key zone to watch today. Unless buyers return with volume and break resistance at $2.30, price action is likely to stay choppy and reactive.