Following a failed breakout attempt above $2.35 earlier this week, the XRP price today is under renewed pressure, slipping to $2.23 at the time of writing. The downturn reflects a shift in short-term sentiment as bulls retreat from key resistance, exposing the altcoin to further downside risks ahead of mid-June.
What’s Happening With XRP’s Price?
The XRP price action has turned sharply lower on the 4-hour and 30-minute charts after price got firmly rejected near the $2.32–$2.35 supply zone. This level had previously acted as a neckline resistance from the May 27 swing high, and the inability to break above it prompted a wave of selling. Price is now trading below all major short-term EMAs (20/50/100/200) on the 4-hour chart, with the 20 EMA now curving downward at $2.27, highlighting weakening bullish momentum.
Adding to the pressure, the Bollinger Bands are beginning to expand to the downside, and price is hugging the lower band near $2.22, which suggests volatility is returning in favor of the bears.
The RSI on the 30-minute chart has dropped to 33.5, signaling …
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