The XRP price today is showing signs of weakness after an early-week rally, slipping back from its $2.35 resistance zone. As of writing, XRP price is trading at approximately $2.23, down 0.6% on the day. Despite recent XRP price spikes, the short-term momentum has slowed, prompting questions such as: Why is the XRP price going down today?
What’s Happening With XRP’s Price?
Over the past 48 hours, XRP price action has been consolidating after a sharp rejection near the $2.35–$2.36 resistance zone. The latest move comes after a rally fueled by positive momentum on the back of broader altcoin strength, but strong selling pressure was observed at the prior equal highs.
From a Smart Money Concepts (SMC) perspective, the chart shows a clear change of character (ChoCH) after tapping into a major supply zone around $2.36. This indicates that institutional players likely took profits at that level, which aligns with the XRP price volatility observed across lower timeframes.
XRP Price Prediction: RSI and MACD Suggest Cooling Momentum
Looking at the 30-minute RSI, the index has …
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