The post XRP Price Analysis: Ripple’s XRP Price Faces $2.14 Test Amid Bearish Liquidations appeared on BitcoinEthereumNews.com.

The Ripple-backed altcoin, XRP, today is witnessing a mild pullback and thus is priced around $2.23 after going almost 1.5% down. While larger cryptocurrency market are in consolidation phase, it looks as if the price action of XRP price is getting exhausted just below the crucial 0.5 Fibonacci level of $2.5444. This recent rejection near this Fibonacci means that bears are suffocating last breaths of the bulls-in attempt to impale the prices below. XRP Price Analysis On daily charts, the token, earlier this month, had done a breakout out of a falling wedge and rallied to $2.60, a local high. But the going up had stopped anytime near the 50% Fibonacci retracement level. Now the altcoin is heading for the 0.236 Fib level at $2.1455, which is significant support and coincides with the short-term 20-day and 50-day EMA at $2.26 and $2.57 respectively. Below this region, the 100-day and 200-day EMA at $2.09 and $2.00 could begin to act as a support if bearish pressure intensifies. XRP Price Chart In terms of momentum, the MACD is showing preliminary signs of a bearish crossover as the MACD line has slightly dipped below the signal.The increasing uncertainty means there could be downside momentum were buyers to fail to uphold this support zone. There can be a bullish reversal from $2.14-$2.20 to $2.60-$2.76 if XRP price consolidates above this range and does not close beneath the key EMAs; otherwise, the break beneath the 0.236 Fib will take the coin back toward that psychological $2.00 level and maybe even further down. XRP Derivatives Signs of bearish sentiment are becoming evident in derivatives markets. Coinglass data shows XRP’s clock-wise trading volume fell by 5.8% to $4.46 billion, whereas open interest fell by 6.21% to $4.13 billion. While options open interest went up by 6.85%, the…

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Filed under: News - @ June 12, 2025 1:22 pm