XRP price is currently trading at $2.2735, stuck between short-term support and a major resistance level that’s been holding it down for months.
Price action has been slowly ticking upward, but the market hasn’t seen the breakout bulls have been waiting for.
As of today, XRP price is holding near $2.27, with buyers showing interest, but not enough strength yet to push through key resistance.
Let’s break down what happening.
What We Got Right Yesterday
In yesterday’s prediction, we pointed out that $2.33 was the level to watch. A clean break above that could’ve opened the door to $2.50. So far, though, XRP price hasn’t been able to get there.
Instead, it’s doing exactly what we expected, moving sideways between $2.22 and $2.30, with no real momentum behind it. Buyers and sellers are locked in, and the market is waiting for someone to take control.
XRP Daily Overview (July 8)
Current Price: $2.2774
24h Change: +0.29%
9-Day SMA: $2.2324
Volume: Slow grind upward
XRP price is staying just above the 9-day simple moving average and showing some strength, but it’s not enough yet to break free from the range.
What the XRP Chart Is Telling Us
XRP Chart has been stuck in a wide range between $2.00 and $2.60 for a while now. Every time it tries to push higher, it gets knocked down by the descending trendline that’s been in place since February.
Source: TradingView.com
Lately, price action has turned slightly bullish. We’ve seen higher lows and a tight upward channel forming since mid-June. Still, until XRP clears that $2.33–$2.60 resistance zone, it’s just another bounce inside the same range.
Technical Indicators (Daily Timeframe)
Indicator Value What It Says RSI (14) 56.36 Momentum is positive but not overheated MACD (12,26) 0.011 Bullish crossover – trend looks healthy CCI (14) 169.60 Strong upward price momentum Ultimate Oscillator 43.78 Weak multi-timeframe momentum ROC 5.18 Price has been climbing – bullish Bull/Bear Power (13) 0.1741 Bulls slightly in control
Summary: Most indicators lean bullish, but none are screaming breakout just yet. The only one waving a small red flag is the Ultimate Oscillator, which is showing weaker overall momentum.
Today’s Scenarios
Bullish Scenario:
If XRP breaks above $2.33 with volume, we could finally see a push toward $2.50. That’s the breakout zone.
Neutral Scenario:
If momentum stalls, expect XRP price to keep bouncing between $2.22 and $2.30, just like it has been.
Bearish Scenario:
If $2.00 fails, watch for a drop toward $1.80 or maybe even $1.60, that would change the tone completely.
Read Also: Is XRP Part of a Century-Old Banking Plan? Ripple’s Past Gets a Closer Look
Bottom Line
XRP price is showing some life, but it’s not there yet. Buyers are holding support, indicators are leaning bullish, and the structure is improving.
Still, without a breakout above $2.33, it’s more likely we’ll see sideways movement again today. All eyes remain on volume and that stubborn trendline overhead.
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