$XRP is currently trading near $2.26, facing short-term bearish pressure with key support at $2.10.
$XRP has entered a cautious phase after failing to hold momentum above $2.30. The price slipped below the $2.25 zone and is now trading under the 100-hourly Simple Moving Average, signaling bearish sentiment. Analysts are watching the $2.12 and $2.10 levels closely, as a break below these could trigger further downside.
📉 Key Technical Insights:
Current Price: ~$2.26
Resistance Zone: $2.22–$2.30
Support Levels: $2.12 and $2.10
Trend: Bearish with short-term selling pressure
📊 Market Sentiment:
$XRP recently saw $336M moved to cold storage post-ETF launch, suggesting long-term holding interest.
However, short-selling pressure and lack of immediate ETF demand have created a supply/demand imbalance.
RSI is hovering around 40.99, indicating weak momentum.
🔍 Outlook:
XRP needs to close above $2.22 to regain bullish traction. Until then, traders remain cautious, with potential downside risk if support fails.
🖼️ Here’s a visual snapshot of XRP’s recent price action
