After plunging toward the $1.94 zone earlier this week, the XRP price today has rebounded to $2.18, breaking short-term downtrend lines and reclaiming key intraday levels. The rebound, fueled by a spike in momentum and support from the Supertrend indicator, puts the spotlight on whether bulls can sustain the move above $2.20 into June 26.
What’s Happening With XRP’s Price?
The XRP price rises sharply recently after forming a strong swing low near $1.94. The 4-hour chart shows a breakout from a descending wedge and a bullish flip on the Supertrend at $2.04. Currently, XRP is consolidating just below the $2.23 resistance line, a zone that aligns with the upper boundary of the broken trendline. Importantly, the Directional Movement Index (DMI) on the 4-hour chart shows the +DI (23.21) gaining on the -DI (29.96), and the ADX sits at 16.17, indicating a possible early trend shift but still lacking strong trend conviction.
On the 1-day chart, the broader structure shows that XRP price action is still trapped within a longer-term descending wedge pattern. The upper trendline near…
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