XRP News Today: XRP Price Tests $2.28 Resistance Amid Bull-Bear Battle

XRP's price is currently at a critical juncture, testing a significant trendline at the top of a long-standing weekly descending channel. The cryptocurrency has been in a state of compression for several weeks, with the battle between bulls and bears intensifying near the $2.22 level. Multiple timeframes are signaling a potential directional move, with the weekly chart showing XRP's price action remaining within a well-defined descending parallel channel dating back to the Q1 high of $3.40. The price is now pressing against the channel’s upper boundary, aligned with the 0.382 Fibonacci retracement level near $2.28.

This resistance has held for several weeks, but with higher lows forming, bulls appear to be building pressure. A confirmed breakout from this descending channel could shift the longer-term trend, with upside targets near $2.71 (Fib 0.236) and $3.00+. The daily chart shows XRP trading within a tightening triangle pattern, supported near $2.10 and capped near $2.30. Donchian Channel compression and steady OBV (~7.73B) confirm the coiling nature of the price structure. On the 4-hour chart, XRP is trading above the 20/50/100 EMA cluster ($2.21–$2.22), offering dynamic support. However, repeated rejection from the upper Bollinger Band near $2.28 has prevented breakout continuation.

The reason behind XRP's price decline today lies in the rejection from historical Smart Money zones and weakening momentum. Liquidity data on the 4-hour chart shows a firm rejection from the $2.28–$2.34 supply region, labeled as a major CHoCH and “Strong High” zone. Despite attempts to reclaim this range, volume has failed to follow through. RSI on the 30-minute chart sits around 47.3, just below neutral, and MACD is flat—signaling indecision. Price is also currently below session VWAP ($2.2226), keeping bulls in check. Derivatives data confirms a cautious tone. Open interest has dropped by 2.29%, while options volume surged 380%, indicating a shift toward hedging rather than outright directional bets. The long/short account ratio on major exchanges shows a heavy long bias (above 2.3), exposing the market to potential downside if bulls lose control.

XRP's price is compressing within both short-term triangles and a macro weekly downtrend channel. This rare multi-timeframe alignment typically precedes significant breakout moves. On the 4-hour chart, Bollinger Bands are narrowing, and price is pinned between EMA support ($2.21) and the upper band resistance ($2.28). CMF remains positive at 0.24, showing light capital inflow, but not enough to confirm a breakout. Weekly Fib retracement levels are now acting as key pivots. A breakout above $2.28 would target the 0.236 level near $2.71, while failure to hold above $2.20 could drag XRP toward the 0.5 and 0.618 Fib zones at $1.94 and $1.59 respectively.

In the short-term outlook, if bulls manage to push XRP price above the $2.28 resistance with strong volume and RSI confirmation above 55, price may test $2.34 followed by $2.42. A clean breakout from the weekly descending channel would confirm a broader reversal. On the downside, failure to hold $2.20 opens the door toward $2.14 and then $2.08. A close below the rising support of the triangle would invalidate the bullish structure and reintroduce bearish momentum. Market participants should monitor reaction around the Fib 0.382 level ($2.2869) and descending channel boundary. Any surge in volume or funding rate shift could trigger a decisive move.