After a recovery from levels below $2.00 earlier this week, the price of Ripple today hovers around $2.18, showing signs of hesitation near a major resistance area. Despite surpassing the psychological level of $2.10, #الريبل now faces convergence in key indicators that may determine whether it continues to rise or reverses on June 30.
What is happening to the price of Ripple?
XRP price dynamics
The price of Ripple ($XRP ) bounced back to a multi-layered resistance level between $2.18 and $2.25, defined by the supply zones from Smart Money Concepts, previous CH,oCH levels, and multiple failed breakouts. The four-hour chart shows the price attempting to regain the descending channel resistance, but rejection from the $2.21-$2.23 area still poses a major obstacle.
XRP price dynamics
The price is currently trading above the 20, 50, and 100-period exponential moving averages (currently centered between $2.15 and $2.18), showing a short-term bullish trend. However, the price remains below the 200-period exponential moving average ($2.1889), which closely aligns with the midpoint resistance level of the Keltner channel. The daily chart shows an active descending wedge pattern, as the price of Ripple ($XRP ) struggles to decisively break the upper trend line near $2.20.
Smart Money data also reflects caution. The latest rejection of the CHo,CH price near $2.23 and $2.25 coincides with the historical E,QH area that caused multiple structural collapses in June. Until this ceiling is surpassed, the upside remains limited.
Why is the price of Ripple dropping today?
XRP price dynamics
The recent decline from $2.20 is mainly due to momentum exhaustion and pressure from high-volume liquidity areas. The 30-minute chart shows divergence between the RSI and the price, indicating a bearish signal near 48.1. This coincides with rejection at the resistance level of the volume-weighted average price (VWAP) at $2.1848, while the MACD remains below without any confirmation of a bullish crossover.
XRP price dynamics
The equivalent SAR indicator points have flipped above the price, reinforcing the likelihood of a downward trend during the day. The four-hour Supertrend indicator remains bearish below $2.11, and despite short-term attempts to shift to a bullish trend, the signal has not yet confirmed a full resumption of the bullish trend.
XRP option data
Additionally, options market data from Deribit shows significant buying interest at the $2.20-$2.25 price range for the expiration date of July 4. Implied volatility remains weak at around 59%, suggesting that traders expect limited upside unless the $2.25 level is broken with momentum.
XRP price dynamics
On the demand flow side, the MFI indicator hovers at 48.6, showing neutral flows, while the relative strength index (RSI) on higher time frames remains below 50, indicating that bulls still lack confidence.
Key indicators signal pressure at the resistance level.
XRP price dynamics
Ripple is trading within a narrow range between $2.15 and $2.21, with narrowing Bollinger bands and declining Keltner channel volatility. This typically precedes a breakout, but the trend remains uncertain.
Both the volume-weighted average price (VWAP) and the parabolic stop and reverse (SAR) and the 200-period exponential moving average (EMA) are revolving around the $2.18 area. This convergence makes the $2.18-$2.20 level a pivotal level for bullish investors to regain trading volume if they want to break through to the $2.25-$2.30 level.
Failing to achieve this will open the door for a return to the support range between $2.05 and $2.00 - a liquidity-rich area, confirmed by multiple CHo,CH and BOS formations on the Smart Money chart.
Ripple Price Forecast $XRP
: Short-term forecast (24 hours)
XRP price dynamics
If the price of Ripple (#XRP ) closes above $2.21 with strong trading volume, and the RSI rises above 50, the price is likely to rise toward $2.25, perhaps $2.30. This aligns with a single-day wedge breakout scenario and confirms a broader bullish reversal.
On the other hand, a price drop below $2.18 could push the price down to $2.12 and $2.05, where there is support for an upward OB level and high trading volume. A breakdown below $2.00 would invalidate short-term bullish expectations and reintroduce downside risks towards $1.91.
Given the current convergence among key indicators, the next twenty-four hours are critical. Ripple's price volatility is expected to increase as pressure reaches a turning point.
Ripple Price Forecast: June 30, 2025
