XRP at a Crossroads: Key Support Levels Under Threat as Bearish Pressure Mounts

XRP is currently facing a critical test as its price approaches key support levels, with the 100-day moving average at $2.2 acting as a crucial line of defense. A recent rejection at the 200-day moving average ($2.3) has reinforced bearish pressure, leaving the asset vulnerable to further downside. Analysts are closely watching the 100-day MA, as a breakdown below this level could trigger a corrective MOVE toward the $2.0 support zone. The four-hour chart reveals a failed breakout attempt from a descending channel, further solidifying the resistance at $2.3. With XRP's price action tightening between these key moving averages, the coming days will be pivotal in determining whether the asset can hold its ground or succumb to bearish momentum.

XRP Faces Critical Test as Price Nears Key Support Levels

XRP's price action has tightened between the 100-day ($2.2) and 200-day ($2.3) moving averages, with a recent rejection at the upper boundary signaling persistent bearish pressure. The asset now hovers NEAR the 100-day MA—a breakdown below this level could trigger a corrective move toward $2.0 support.

Four-hour chart analysis reveals a failed breakout attempt from a descending channel, with the $2.3 resistance level reaffirming its strength. The retest of the channel's upper boundary as support will determine whether Ripple's consolidation phase continues or yields to downward momentum.

Long-term technical structure remains constrained within a descending wedge, suggesting prolonged range-bound trading unless a decisive breakout occurs. Market participants await either a confirmation of bearish continuation or a reversal signal from these critical thresholds.

Ripple's XRP Tests Key Resistance Amid Bullish Momentum

XRP is challenging the $2.3 resistance level after buyers pushed the price higher, though sellers have temporarily halted a breakout. The pullback suggests growing buyer interest, with a potential breakout paving the way for a test of $2.6.

Optimism is returning as higher highs dominate recent price action, supported by increasing buy-side volume. A decisive move above $2.3 could trigger a volume surge, propelling XRP to new highs.

The MACD's bullish turn on both daily and 2-day timeframes signals strengthening momentum. This technical confirmation may attract additional buyers, creating a positive feedback loop that could drive prices toward $2.6 or beyond in July.

Trader Who Predicted XRP's 2024 Rally Eyes Potential 'Round 2' Surge

Pseudonymous trader DonAlt, who accurately forecasted XRP's 322% rally in late 2024, has sparked renewed market interest with hints of a second major price surge. The cryptocurrency community is closely monitoring his latest social media post questioning whether "it's finally time for round 2," as XRP shows signs of consolidation amid broader market stagnation.

DonAlt's credibility stems from his November 2024 call for aggressive long positions on XRP, which preceded the token's 282% quarterly outperformance against the broader crypto market. His track record lends weight to current speculation about another potential breakout, though market volatility and inherent cryptocurrency risks remain significant factors.

XRP Price Nears Critical Breakout Zone Amid Market Downturn

XRP defied broader market trends with a 1.5% weekly gain, reaching $2.21 as the cryptocurrency sector fell 2.5%. The token now tests a crucial resistance band between $2.20-$2.30—a convergence of monthly and quarterly VWAP metrics that analyst Dom identifies as a potential inflection point for a new bullish cycle.

Market observers note the altcoin's 360% annual gain appears poised for acceleration, with pending spot ETF decisions serving as a potential catalyst. Technical charts show XRP has consolidated near this threshold since breaking a 160-day downtrend, suggesting accumulation before a possible breakout.