XRP News Today: XRP Price Drops 10% as Bearish Momentum Persists

XRP, the cryptocurrency associated with Ripple, has been experiencing a period of volatility, with bulls and bears vying for control. The price of XRP has been fluctuating around the $2.20 mark, with key levels to watch for a potential breakout or breakdown. In the short term, the price has been shaky, with a bullish liftoff possible if it breaks above $2.1880, or a bearish caution if it drops below $2.1359. The medium-term outlook suggests that bulls are circling, but the price action has been under pressure, with a brief rebound attempt near $2.22 failing to gain traction.

The current price behavior shows lower highs and descending trendlines intersecting near $2.20. Until this area is broken decisively, bullish reversal calls remain premature. Key indicators such as the RSI and MACD on the 30-minute and 4-hour charts remain weak, indicating soft buying interest and a renewed bearish crossover. The Stochastic RSI is in the lower region, showing limited upside momentum, while the Chande Momentum Oscillator reads -42, reinforcing the downside bias.

On the Ichimoku Cloud setup, XRP continues to hover below the cloud on the 30-minute chart, with the Tenkan-Sen and Kijun-Sen flattened out. This flat Kumo configuration typically indicates a lack of immediate bullish traction and adds to the bearish interpretation. Zooming out to the weekly chart, XRP continues to respect the long-term retracement zones, remaining trapped below the 0.618 Fib level near $2.60, which has repeatedly acted as resistance since April. On the daily timeframe, price also trades beneath the declining trendline from the $2.90 peak, confirming a medium-term bearish structure.

The answer to why XRP price is going down today lies in the breakdown from the rising wedge pattern formed on the 4-hour chart, combined with rejection at the EMA cluster. Additionally, broader crypto sentiment has softened, with major altcoins also showing signs of retracement. Without fresh bullish catalysts, XRP is likely to stay within a descending setup in the near term. Moreover, volume remains subdued, suggesting a lack of strong accumulation from institutional buyers at current levels. Until volume profiles turn supportive or price reclaims the $2.30–$2.33 zone, upside scenarios remain limited.

In the very near term, XRP may attempt a retest of the lower support band between $2.12 and $2.08. If that zone breaks, the next critical zone lies at $1.99–$2.00, as seen on the higher timeframe trendline support. On the upside, a breakout above $2.20 followed by a sustained move past $2.25 would be the first signs of recovery. Only if XRP clears $2.33 with high conviction volume can bulls eye the $2.45–$2.50 zone again.