Ripple Price Analysis: Monitor These 2 Important Levels for XRP

XRP has entered a tight range and is deciding between the 100-day moving average and the 200-day moving average, recently facing rejection at the important 200-day MA level of nearly $2.3. With bearish pressure increasing, the price is currently hovering near the lower boundary of this range, raising the likelihood of a bearish breakout and a potential correction move. Daily Chart XRP has recently entered a narrow and decisive price range, limited between the 100-day moving average at (2.2 dollars) and the 200-day moving average at (2.3 dollars). The recent rejection from the 200-day MA confirms the ongoing presence of sellers and highlights the lack of bullish momentum at this level. Currently, XRP is testing the lower boundary of this range near the 100-day MA. A breakdown below will signal a new bearish phase, potentially dragging the price back to the support level of $2.0, its recent low. Ripple continues to trade in a long-term descending wedge and based on the current price action, the likelihood of a breakout from this structure seems unlikely in the short term, indicating that the prolonged consolidation process may continue.

4 Hour Chart On the 4-hour timeframe, XRP has briefly escaped the bearish channel, signaling a potential trend reversal. However, after facing rejection at the resistance level of 2.3 dollars, in line with the previous peak, the price has returned to retest the upper boundary of the channel. This level is currently acting as support. If XRP holds this level and successfully completes the pullback, the price is likely to rise again to the resistance level of $2.3. Conversely, a breakout below this support level will invalidate the breakout and open the door for another bearish move. The price action in the coming sessions will play a key role in determining the short-term direction of XRP.