๐Ÿ“Š XRP โ€“ Entering a Decision Zone


$XRP current Price: $2.20654 (+1.36%)

We're hovering just below the $2.215 pivot โ€” a level thatโ€™s acted as both support and resistance in the past few months.


๐Ÿ”น 50-day MA = $2.27 โ€“ XRP is consolidating under it, indicating uncertainty and a lack of bullish follow-through.

๐Ÿ”น MACD is flattening out โ€” momentum is neutral; no clear divergence, no signal strength.

๐Ÿ”น Balance of Power: 0.51 โ€” Buyers are present, but thereโ€™s no dominance yet. Volume remains subdued.


๐Ÿ”ฌ My research-based view: Over the past two weeks, $XRP has been trading in a narrowing range with declining volatility. This type of setup historically precedes a breakout โ€” but directionality remains unclear.


What caught my attention is the clustering of price action around the $2.20โ€“$2.25 zone while on-chain sentiment remains neutral to slightly bullish. The lack of heavy distribution at resistance suggests sellers may be exhausted โ€” but the bulls havenโ€™t proven control yet.


๐Ÿ“Œ If we see a breakout above $2.27 with volume, I expect a potential move to $2.90, possibly forming the right shoulder of a broader reversal pattern.


๐Ÿ“‰ On the flip side, failure to hold $2.20 likely sends us back to retest $1.99 or even the $0.99 macro support area if sentiment shifts sharply.


๐Ÿง  Iโ€™m not positioned yet โ€” monitoring closely. No trade is better than a forced trade.


#XRP

image
June 08, 2025 at 10:51 AM
7
50
3
2
2