XRP News Today: XRP Price Stagnates 35% Volume Drop

XRP price has been confined within a narrow range between $2.05 and $2.30 since mid-May, with attempts to break above the descending resistance line being met with rejection. This behavior aligns with the previous outlook, which suggested that without a significant increase in volume or a major market shift, a breakout is unlikely to occur immediately.

So far, this prediction has held true. The price continues to oscillate between support and resistance levels, but without any substantial momentum. Buyers have intervened around the $2.05–$2.10 area multiple times, but each attempt to climb higher has stalled before reaching $2.30. Additionally, a pattern of lower highs is emerging, indicating that sellers are becoming more active earlier in each attempt.

At the time of writing, XRP is trading around $2.15, with volume down by 35%. This decrease in activity indicates that traders are largely on the sidelines, contributing to the flat price action.

On the hourly chart, most indicators are leaning bullish but not strongly so. The MACD, CCI, and Ultimate Oscillator suggest some upward momentum is building. However, the Stochastic Oscillator is showing an overbought condition, which could lead to a short-term pullback. The RSI is neutral at 55, and the ATR remains low, indicating low volatility and a tight trading range.

Moving averages across daily timeframes present a mixed outlook. The 20-day and 50-day lines are below the current price, giving XRP a slight bullish edge in the short term. However, the longer-term picture remains bearish, with the 100-day and 200-day moving averages well above the current price. For a significant change in momentum, XRP would need to break above these levels and sustain the move.

For June 15, the bearish case suggests that if XRP loses $2.05 on the 4H chart, it could slide toward $2.00 or even $1.95 with increased volume, confirming bearish sentiment. The realistic case expects more of the same range-bound action between $2.10 and $2.30. The bullish case anticipates that if XRP breaks above the descending trendline near $2.30 with strong volume, a rally toward $2.40 could develop, but this scenario depends on improved momentum and market participation.

Overall, XRP price remains within its familiar range. A clear breakout above or below current levels is needed to shift sentiment and trigger the next move.