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XRP Bounces Back—But Can It Overcome the Storm Clouds Ahead?

XRP Bounces Back—But Can It Overcome the Storm Clouds Ahead?

Author:
Newsbtc
Published:
2025-06-23 04:28:50
18
1

XRP claws its way up from recent lows—only to smack into a wall of resistance. The remittance token's 2025 rollercoaster continues as bulls and bears wrestle for control.

Dead cat bounce or sustainable rally?

Traders cheer the green candles, but skeptics point to shrinking trading volumes and whale accumulation patterns that scream 'trap.' Meanwhile, the SEC case still looms like a bad hangover.

The institutional paradox

While payment processors quietly test XRP for cross-border settlements (again), traditional finance still treats it like the weird cousin at Thanksgiving—useful but embarrassing. One hedge fund manager quipped, 'We'll adopt it right after we figure out how to monetize blockchain compliance theater.'

XRP's tech works. The market? Still deciding whether that matters.

XRP Price Faces Resistance

XRP price reacted to the downside below the $2.120 support zone, like Bitcoin and Ethereum. The price declined below the $2.050 and $2.020 support levels.

The pair tested the $1.920 support A low was formed at $1.910 and the price started to recover losses. There was a minor recovery wave above the 23.6% Fib retracement level of the downward MOVE from the $2.178 swing high to the $1.910 low.

The price is now trading below $2.020 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.020 level. There is also a key bearish trend line forming with resistance at $2.020 on the hourly chart of the XRP/USD pair.

XRP Price

The first major resistance is near the $2.050 level or the 50% Fib retracement level of the downward move from the $2.178 swing high to the $1.910 low. The next resistance is $2.080. A clear move above the $2.080 resistance might send the price toward the $2.120 resistance. Any more gains might send the price toward the $2.150 resistance or even $2.20 in the near term. The next major hurdle for the bulls might be $2.250.

Another Drop?

If XRP fails to clear the $2.050 resistance zone, it could start another decline. Initial support on the downside is near the $1.950 level. The next major support is near the $1.920 level.

If there is a downside break and a close below the $1.920 level, the price might continue to decline toward the $1.880 support. The next major support sits near the $1.840 zone.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level.

Major Support Levels – $1.950 and $1.920.

Major Resistance Levels – $2.020 and $2.050.

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