XRP News Today: XRP Slips 1% as Bearish Momentum Builds

XRP, the cryptocurrency associated with Ripple, is currently facing significant challenges as key indicators suggest a potential major downtrend. The token, which recently experienced a short-lived upward move, has failed to sustain its momentum, leading to a decline in price. Currently trading at $2.24, XRP has slipped more than 1% from the previous session, raising concerns about the sustainability of its bullish momentum.

The 50-day Exponential Moving Average (EMA) was expected to move above the 100-day EMA, a scenario known as a golden cross, which is typically seen as a bullish signal. However, XRP's inability to maintain positions above both short-term moving averages has put this potential golden cross at risk. The price remains above the 200 EMA at $2.09, but holding this level is now crucial. Failure to do so could unleash selling pressure and extend the decline. The 50 and 100 EMA, converging at around $2.25, are now serving as immediate resistance, and a daily close below this level could lead to further decline.

Beyond price levels, on-chain activity offers additional signs of weakness. XRP’s daily transaction count recently declined sharply from over one million to just 332,639. This fall in network usage mirrors the drop in price momentum and adds weight to the bearish outlook. Traders and analysts are closely monitoring these levels for signs of either support or breakdown. Without a clear uptick in buying volume or renewed investor interest, XRP could continue trading within a tightening range, delaying or even invalidating the golden cross and leaving the door open for a major price pullback.

On the 4-hour and 30-minute charts, the price action has turned sharply lower, with the price firmly rejected near the $2.32–$2.35 supply zone. This level had previously acted as a neckline resistance from the May 27 swing high, and the inability to break above it prompted a wave of selling. The price is now trading below all major short-term EMAs (20/50/100/200) on the 4-hour chart, with the 20 EMA now curving downward at $2.27, highlighting weakening bullish momentum. The Bollinger Bands are beginning to expand to the downside, and the price is hugging the lower band near $2.22, suggesting that volatility is returning in favor of the bears.

On the daily chart, XRP price has formed back-to-back rejection candles below the $2.51 resistance zone, which is now reinforced by a descending trendline from April highs. This zone has repeatedly capped rallies over the past two months, and current price behavior suggests a broad continuation of the descending triangle structure. The price is now at risk of retesting the $2.18–$2.20 support band, which corresponds with the lower edge of the triangle and the 0.5 Fibonacci retracement of the April–May rally. The weekly chart also offers a sobering view: the price has failed to hold above the 0.618 Fib level near $2.45 and remains in a mid-structure consolidation phase between $2.10 and $2.55. Unless buyers can reclaim the upper bound swiftly, this zone may break down in favor of further decline.

Momentum indicators continue to reflect bearish divergence. On the 4-hour Ichimoku chart, XRP is now trading below the cloud base, with the Tenkan-Sen and Kijun-Sen sloping downward and a future Kumo twist turning red—confirming a bearish bias. The Stochastic RSI on the 30-minute and 1-hour timeframes has also made a fresh bearish crossover near the neutral 50 level, suggesting further room for downside before a technical bounce is likely. Bollinger Bands on the 4-hour chart show the price now trading beneath the median line, with the lower band drifting toward $2.20. If this level fails to hold, the next confluence support lies near $2.11–$2.14, where both a horizontal demand zone and prior breakout levels converge.

The XRP price going down today is largely the result of persistent failure to break the $2.35–$2.51 resistance zone, coupled with a broad loss of bullish momentum across major indicators. Momentum divergences across RSI, MACD, and Ichimoku have now aligned with weakening price structure, while short-term trendline breaks confirm that bulls are losing control. Broader market sentiment also plays a role, as Bitcoin and Ethereum struggle to sustain their weekly highs, dragging large-cap altcoins lower with them. Until XRP regains its footing above $2.32, the bias remains tilted toward further losses.

With structure breaking down across intraday charts and daily resistance firmly intact, XRP appears vulnerable to testing lower support zones in the sessions ahead. The immediate level to watch is $2.22. A close below this could open the path toward $2.14 and potentially $2.09. Conversely, a reclaim of $2.32 would be needed to negate the bearish structure and resume any short-term recovery.