XRP News Today: XRP Struggles Near Key Support As July Begins

Ripple’s XRP has experienced fluctuating momentum over the past month. Despite a late June breakout attempt, the rally quickly lost momentum, and the XRP price is now trading near key support levels. With mixed technical signals and no sustained breakout, XRP enters July with traders closely monitoring for a potential shift in direction.

Throughout June, XRP traded within a horizontal consolidation zone between $2.00 and $2.37. The price struggled to break above resistance or hold below support for any extended period, resulting in a sideways range that dominated XRP movement for nearly three weeks. Toward the end of June, XRP showed signs of strength, pushing past the 50-SMA on the 4H chart and breaking out of the range with a sharp move up to $2.32. However, this breakout was short-lived, as the price was instantly rejected and subsequently retreated to about $2.21. Despite the late rally attempt, XRP did not finish June by regaining key resistance, leaving traders concerned as they enter July.

Analyzing the XRP 4H chart reveals a strong rejection just below the $2.37 resistance level. The short-term uptrend, formed from June 24, remains active as the price tests the ascending trendline and the 50-SMA, both near $2.16–$2.20. This area is shaping up to be a pivot zone. If buyers hold this support, XRP price could attempt another move toward $2.32 or $2.37. Conversely, if the trendline breaks, a return to the lower support near $2.00 looks likely. The structure is fragile, and without volume confirmation, rallies are being sold into quickly.

Long-term indicators lean bearish. The ADX confirms trend strength, while other signals like CCI and ROC point to continued weakness. The overall bias remains bearish until XRP can reclaim monthly highs or flip momentum readings. According to the analyst's forecast, if XRP fails to hold the $2.16–$2.20 support zone, the price could slide back toward $2.00. A break below that could extend losses to $1.85–$1.90. With monthly indicators still bearish, this scenario currently looks more likely. Conversely, if XRP price respects the trendline and mounts back above $2.30, a retest of $2.37 is in play. A clear breakout above would be needed to shift overall mood, but it would require heavy buying volume and possibly some Bitcoin strength higher.

XRP price enters July stuck between a short-term uptrend and long-term bearish pressure. The market is watching the $2.16–$2.20 region as a decision zone. If support holds, a short rally could form. If it fails, sellers may take back control. Traders must stay fluid and observe how XRP reacts at trendline support. For now, the trend remains unclear, and July could witness more lateral action unless a clean breakout or breakdown occurs.