The post What’s Holding Back the Bulls Today? appeared on BitcoinEthereumNews.com.

After consolidating for most of April, the XRP price today remains in a pivotal zone near $2.17, caught between key moving averages and descending resistance lines. While the broader trend remains range-bound, recent rejections and failed breakouts raise fresh concerns for short-term bulls. Traders are closely watching whether the XRP price can reclaim $2.20 or if a bearish retest toward $2.00 looms ahead. Multi-Timeframe Structure: What’s Happening With XRP’s Price? XRP/USD price dynamics (Source: TradingView.) The daily chart shows XRP trading within a compressing triangle that has defined April’s price action. The descending trendline from the March high continues to cap upside moves, currently intersecting around $2.26. Horizontal support in the $2.05–$2.10 region remains structurally critical and has held firm across both March and April pullbacks. The 30-minute and 4H charts highlight failed attempts to break above the $2.20–$2.23 resistance zone, with multiple lower highs forming. The coin is currently hovering just below both short-term trendline resistance and a previous breakdown zone. XRP Price Action: Structure Across Daily and 4H Charts XRP/USD price dynamics (Source: TradingView.) The XRP price action remains confined between the larger descending resistance (now at $2.26) and support zones between $2.05–$2.10. The daily chart shows a retest of this confluence zone after a clean rejection from the upper range last week. This range has previously served as a springboard for rallies in March and April. The 4H chart displays multiple lower-high breakdowns with bearish flag structures, each facing rejection near $2.25. Support clusters are visible near $2.10–$2.00 and remain crucial to prevent further downside risk in May. XRP Price Update: EMA and RSI Signal Neutral to Bearish Lean XRP/USD price dynamics (Source: TradingView.) Short-term EMAs on the 4H chart are converging, with: 50 EMA at $2.186 100 EMA at $2.181 200 EMA at $2.19 Price has…

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Filed under: News - @ May 5, 2025 1:26 pm