XRP Breaks Below Critical EMAs—Is the $2.30 Lifeline Enough to Stop the Bleeding?

XRP’s bearish momentum accelerates as it slices through key exponential moving averages—a technical red flag for traders. The $2.30 support level now stands as the last defense against a deeper plunge.

Market watchers brace for a make-or-break moment. If the support crumbles, the next stop could be a 15% drop to $1.96. Bulls argue this is a healthy correction; bears whisper ’told you so’ while adjusting their short positions.

Meanwhile, crypto influencers pivot to shilling the next ’sure thing’—because nothing fuels adoption like fear and FOMO. Stay sharp.

• XRP is trading at $2.3686, slipping 0.53% as bearish pressure builds after rally.
• Price drops below 9 and 21 EMA, with $2.4633 acting as key resistance on the 4-hour chart.
• RSI at 43.29 and negative MACD signal fading momentum and lack of strong buying interest.
• Holding the $2.30 support is crucial, failure could trigger further downside.

XRP is currently facing increased selling pressure as it trades at $2.3686, marking a slight 0.53% decline in the last 24 hours. After a bullish surge earlier in May, the altcoin is showing signs of retracement, struggling to maintain its momentum amid broader market uncertainty.

XRP Slips Into Bearish Zone

On the 4-hour chart, XRP has slipped below the crucial 9 EMA and 21 EMA, both hovering at $2.4005. This drop places the token in a short-term bearish zone, with the 50 SMA at $2.4633 further reinforcing resistance above. Until XRP can reclaim these levels, bulls may find it difficult to reassert control.

The Bollinger Bands show XRP trading between the middle and lower bands. The upper band stands at $2.6226, the middle (SMA) at $2.4633, and the lower band at $2.3040. XRP’s proximity to the lower band suggests a lack of buying interest and a potential for continued downside if support fails to hold.

Momentum indicators are aligning with the bearish trend. The Relative Strength Index (RSI) currently sits at 43.29, below the neutral 50 line. This reading indicates moderate selling pressure, though it hasn’t yet dipped into oversold territory.

Meanwhile, the MACD (Moving Average Convergence Divergence) remains in negative territory, with the MACD line at -0.0103 and the signal line at -0.0146. The histogram is showing minimal divergence, suggesting that any bullish momentum is weakening.

XRP Needs Rebound Above $2.40

From a broader perspective, XRP appears to be entering a phase of consolidation following its recent rally. If the price fails to hold the $2.3040 support zone, it could trigger further downside toward psychological levels. On the flip side, reclaiming the $2.40 to $2.46 range WOULD be crucial to signal a potential bullish reversal.

XRP’s short-term trend is tilting bearish as technical indicators point to fading momentum. Investors and traders should keep a close eye on the $2.30 support level and watch for signs of a recovery, such as a bullish RSI divergence or a MACD crossover. Until then, caution is advised as the market seeks a direction.

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