$XRP Bears Slow Down Near Key Support as Bulls Eye a Reversal
XRP has spent the past few sessions grinding lower, but recent technical signals suggest the tide may be shifting. On the daily chart, bearish pressure has pushed the price toward a key support zone between 2.1453 and 2.1265. However, with the RSI stabilizing just above oversold levels and the MACD histogram showing signs of contraction, traders are watching closely for a potential reversal.
Despite prices trading below both the 9 and 20-day EMAs—typically a bearish signal—the narrowing spread between price and moving averages points to weakening downward momentum. If bulls can reclaim the 2.2949 resistance level, XRP could attempt a move toward 2.3238 and even 2.4311. On the other hand, a breakdown below 2.1265 could open the door to a retest of 2.0619.
Technical traders are eyeing these levels for potential entry and exit setups depending on confirmation signals. With volatility compressing, XRP may not stay in limbo for long.
Read the full analysis: www.ecoinimist.com/2025/06/02/xrp-bears-slow-down-near-support
