XRP’s High-Stakes Standoff: Bulls Charge Toward $2.36 as Bears Dig In at $2.23

XRP traders are locked in a battle of wills—bulls betting big on a surge past $2.36, while bears sharpen their claws below $2.23. The tug-of-war reflects crypto’s favorite pastime: volatile price swings dressed up as ’market dynamics.’

Who’ll blink first? The bulls with their moon-shot optimism or the bears waiting to feast on overleveraged dreams? Either way, someone’s about to learn a costly lesson—probably the retail traders, as usual.

• XRP is trading at $2.2931 with a slight 0.57% gain, but overall market sentiment remains bearish.
• Price continues to form lower highs and lows, showing weak bullish strength near the $2.2803 TEMA.
• RSI and MACD indicate lack of momentum, keeping XRP range-bound and indecisive.
• A breakout above $2.36 could turn the short-term trend bullish, while losing $2.2282 support risks further decline.

XRP is currently trading at $2.2931, showing a slight gain of 0.57% over the last few hours. Despite this modest bounce, the broader market trend remains bearish, with price action displaying signs of weakness and repeated failures to break key resistance zones.

XRP Faces Bearish Pressure as Breakout Awaits

After peaking NEAR $2.65 in mid-May, XRP has been in a gradual downtrend, forming a series of lower highs and lower lows on the 4-hour chart. The 9-period TEMA, currently at $2.2803, continues to hover just below the current price, suggesting limited bullish strength and no clear reversal signal yet.

The Bollinger Bands remain relatively tight, indicating reduced volatility and a potential breakout on the horizon. Resistance lies between $2.3596 and $2.3628, while strong support remains at $2.2282.

Weak Momentum Keeps XRP Range-Bound

From a momentum perspective, the Relative Strength Index (RSI) is currently at 46.71, while the RSI-based moving average sits at 43.29. This shows that XRP is neither in overbought nor oversold territory, but leans slightly bearish. RSI has consistently struggled to climb above the neutral 50 level, which further confirms the lack of strong buying momentum.

Additionally, the MACD (12, 26) indicator adds to the cautious outlook. The MACD line is marginally below the signal line at -0.0003 versus -0.0165, and the histogram bars are showing minimal activity near the zero line. This signals weakening momentum and an indecisive trend, with neither bulls nor bears taking full control of the market.

While XRP has managed to stay above its critical support of $2.2282, the upside remains heavily capped by strong resistance and weak momentum indicators. A clear breakout above $2.36 could shift the short-term narrative to bullish, potentially targeting the previous highs. However, failure to hold the current range could result in further downside.

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