XRP News Today: XRP Price Holds Steady at $2.13 Amid Sideways Trend

XRP price has been in a sideways range after dropping earlier this month, with a small bounce from the $2.00 zone but no strong move in either direction. The price is currently around $2.13, just above its 9-day moving average, indicating a decent sign but not enough for a confirmed breakout.

Yesterday's prediction that XRP price would stay between $2.00 and $2.30 unless something significant changed has held true. The price pushed slightly higher but couldn't break above $2.20, and the market remains in a sideways trend.

XRP's daily overview for June 28 shows a current price of $2.1329, with a 24-hour range of $2.0671 to $2.1556. The 9-day simple moving average is $2.1263, and volume remains low. The price is just above its short-term moving average, acting as a ceiling for weeks, and is stuck between resistance at $2.20–$2.25 and support around $2.00.

Technical indicators on the daily timeframe show a mixed picture. The Relative Strength Index (RSI) at 58.371 leans bullish with building momentum, while the Average Directional Index (ADX) at 29.651 indicates a strengthening trend. The Moving Average Convergence Divergence (MACD) at -0.007 shows a weak bearish signal, and the Commodity Channel Index (CCI) at 299.4519 suggests an overbought condition that may need to cool off. The Rate of Change (ROC) at 2.492 shows light upward pressure, and the Bull/Bear Power at 0.0565 indicates that bulls have a slight edge.

The bullish scenario for XRP involves breaking above $2.30 with solid volume, which could lead to a run toward $2.50. However, this move has not yet materialized. The neutral scenario sees XRP price remaining stuck between $2.00 and $2.30, resulting in more sideways movement until a significant change occurs. The bearish scenario involves XRP slipping below $2.00, potentially heading toward $1.85 or even $1.75 if selling intensifies.

Overall, XRP is in a state of uncertainty. The price is holding up but not breaking out, with some momentum returning but indicators suggesting a potential breather. As long as XRP price continues to bounce between $2.00 and $2.30, traders will likely wait for a real breakout to set the tone.