📉 XRP Under Pressure: Technical Breakdown

🔻 Current Price: ~$2.12

📉 Daily Change: -3.6%

📊 Volume Spike: Slight increase in sell-side pressure

🧪 Technical Indicators:

50-Day EMA: ~$2.19 (XRP is trading below it)

100-Day EMA: ~$2.22 (also broken — signals deeper trend weakness)

RSI (Relative Strength Index): ~42 (bearish but not oversold)

MACD: Bearish crossover confirmed last week

⚠️ Key Support Level: $2.05

🔼 Resistance Zone: $2.25–$2.30

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🌍 Macro & Market Sentiment:

Global risk-off sentiment due to interest rate uncertainty & geopolitical tensions

Bitcoin pullback from $110K led broader market decline

Altcoins hit harder — including XRP, SOL, ADA

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📰 Additional Pressures:

Uncertainty around Ripple's June 16 legal filing

Short-term traders exiting positions ahead of court news

Weak ETF sentiment dragging down volume on major exchanges

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🧭 What This Means:

✅ Short-term outlook: Caution advised. If XRP breaks below $2.05, a drop to $1.85 is possible.

💡 Long-term perspective: Still positive — legal clarity & institutional adoption could reverse the trend in weeks.#XRP #CryptoMarket #RippleNews #TechnicalAnalysis #CryptoVolatility $XRP