📉 XRP/USDT Market Update – Bearish Pressure Mounts 📉
🗓️ Timeframe: 4H | Date: June 20, 2025
📊 Exchange: Binance | Pair: XRP/USDT Perpetual
XRP is currently trading at $2.1193, reflecting a -2.38% decline in the past 24 hours. The asset is under clear downward pressure, with the following key technical insights:
🔍 Key Highlights:
🔻 Recent Price Drop: XRP has dropped 11.5% from the recent consolidation range, breaking below short-term support.
💰 High to Low Shift: From a local high of $2.4798 to a recent low near $2.0839, XRP shows a clear bearish trajectory.
📉 Moving Averages:
MA(7): $2.1541
MA(25): $2.1756
MA(99): $2.2002
The price remains below all key MAs, reinforcing bearish dominance. The 7 MA crossing below longer-term averages confirms short-term weakness.
🔺 Support Zone:
Strong historical support exists around $2.05, previously tested in early June. A breakdown here could expose XRP to the next support near $1.98.
🔻 Resistance Levels:
First resistance lies at $2.18 (25 MA), followed by stronger resistance at $2.20 (99 MA).
📊 Volume Trends:
Selling volume has spiked significantly during the recent breakdown, hinting at high market participation and potential panic selling.
📉 Short-Term Outlook:
XRP is currently in a corrective phase. Unless it regains ground above the $2.20 mark with strong buying volume, bearish momentum may persist in the coming sessions.
🔮 Long-Term Traders Note:
Watch for structural support near $2.05. If XRP consolidates and forms a base here, it could present a good accumulation zone for long-term bulls. However, a decisive breakdown could trigger a deeper retracement.
📌 Strategy Tip:
Risk management is key! Wait for confirmation before entering long positions. For short-term traders, trend-following setups below the 99 MA could remain favorable
