XRP News Today: XRP Price Drops 3.21% as Bearish Momentum Builds

XRP price has been moving sideways for weeks, currently trading at $2.11, down 3.21% in the past day. The price has failed to break through the mid-range resistance near $2.21 and has pulled back, with sellers gaining some ground and momentum looking weak heading into today’s session. XRP price is holding between $1.90 and $2.30, and the token hasn’t made a decisive move yet.

Yesterday’s prediction pointed out that XRP was likely to stall around $2.20–$2.22 if it couldn’t break through on strong volume. That’s exactly what happened. XRP Price touched $2.21 and got rejected, which formed another red candle and slipped back below the mid-range. Unless volume increased, XRP would stay stuck between $2.00 and $2.30 and so far, that’s been the case. The market is quiet, and momentum is fading again.

XRP price is drifting lower after getting rejected at mid-range resistance. Buyers didn’t have enough strength to push through $2.22, and now the price is heading back toward the middle of the range. It’s still holding above $2.00, but the overall structure is getting weaker. The XRP chart shows a sideways channel between $1.90 and $2.30, and XRP has stayed inside it for most of June. That bounce off $1.95 looked promising, but it ran out of steam quickly. The latest rejection near $2.21 could end up being a lower high if the price starts sliding again. Candles are small, volume is light, and the market feels indecisive. Unless XRP price breaks above $2.30 or drops below $2.00, this chop is likely to continue.

Technical indicators on the daily timeframe show a bearish setup. The MACD (12,26) indicates a bearish crossover with weak momentum. The ADX (14) shows strong trend strength, favoring the downside. The CCI (14) indicates bearish pressure, not quite oversold. The RSI (14) is nearing oversold but has not bounced yet. The ROC indicates that the price has dropped compared to two weeks ago, and the Bull/Bear Power shows that bears still have the edge. All indicators point to a bearish setup, with no real sign of a reversal on the daily chart yet.

Looking ahead, if XRP can break above $2.30 with strong volume, it might run toward $2.50. However, if XRP price keeps ranging between $2.00 and $2.30, more sideways movement is likely until something changes. If XRP drops below $2.00, it could start heading back toward $1.85 or maybe even down to $1.75 if selling picks up. XRP price is still stuck in a choppy range, and the failed move above $2.20 shows that bulls don’t have control right now. Indicators are still leaning bearish, and sellers are gaining confidence. Unless there is a major shift in momentum, XRP will likely keep bouncing between $2.00 and $2.30. Traders are watching closely for a clear move outside that range to figure out where things are headed next.