The post XRP News Today: XRP Traders Watch $2.30 Mark Closely—Is a Rebound on the Horizon? appeared on BitcoinEthereumNews.com.

XRP is drawing heightened attention this week as its price teeters near a key support level at $2.30. After slipping below $2.40, the Ripple-backed token now faces mounting pressure from both technical indicators and declining network activity. Traders and analysts alike are questioning whether XRP can mount a comeback—or if the digital asset is headed for deeper losses. XRP Price Holds Near $2.30 Amid Market Uncertainty As of today, XRP is hovering around $2.28, having tested intraday lows of $2.27. The short-term price action shows repeated rejections from a descending trendline at approximately $2.32, forming a narrowing triangle structure. According to the latest XRP price prediction, unless bulls reclaim the $2.32–$2.35 resistance zone, the market remains exposed to further downside. XRP was trading at around $2.27, down 2.29% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin “The current rejection zones suggest weakening bullish strength,” noted one analyst on TradingView. “XRP must overcome the $2.32 resistance with strong volume to invalidate this bearish setup.” Short-term EMAs between $2.28 and $2.31 are acting as dynamic resistance, while the Bollinger Bands continue to tighten—a sign of an impending move. Technical Indicators Turn Bearish Multiple indicators across lower timeframes suggest a weakening trend. The Relative Strength Index (RSI) has dropped below the neutral 50 level, now resting near 38. This points to increasing bearish momentum. Meanwhile, the MACD on the 30-minute chart remains below its signal line, with histogram bars in negative territory. XRP price is struggling to maintain above the $2.30-$2.40 resistance zone. Source: BTCryptowatch on TradingView Ichimoku Cloud analysis further confirms the cautious sentiment. XRP has slipped below the cloud zone, and the flattening of the Tenkan-sen and Kijun-sen lines points to a potential consolidation phase. The Chande Momentum Oscillator is also in…

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Filed under: News - @ May 28, 2025 6:22 pm