XRP prices remain under pressure, stuck in a narrow range between $2.10 and $2.30. Let's take a closer look at the current market situation.
Current Market Situation for XRP
XRP continues to trade within a sideways range between $2.10 and $2.30, observed for several weeks. Currently, the price is around $2.16, with no clear signal of recovery from buyers. Earlier this week, the token attempted a recovery but failed to breach key resistance at $2.22.
Technical Indicators and Their Significance
Most technical indicators remain in bearish territory. For example, RSI stands at 39.08, indicating weak momentum. Additionally, the recent candle forms a bearish engulfing pattern, denoting strong resistance from sellers defending the $2.22–$2.25 zone.
Predictions for XRP in the Near Future
Three scenarios for XRP's price movement exist. In the bullish scenario, if the price closes above $2.33 with strong volume, XRP could rise to $2.50 or $2.65. The neutral scenario suggests the price will remain between $2.10 and $2.30 if the $2.10 level holds. In the bearish scenario, a quick decline to $2.00 could occur if XRP breaks below the $2.10 support level.
XRP remains range-bound with a bearish bias. Monitoring the $2.10 support level will be significant moving forward, and market activity will depend on buyer actions.
