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XRP Price Struggles Near $2.02 as Bulls Fail to Reclaim EMA Resistance
The post XRP Price Struggles Near $2.02 as Bulls Fail to Reclaim EMA Resistance appeared on BitcoinEthereumNews.com. After failing to close above the $2.16 zone last week, the XRP price today is consolidating near the $2.02 level as bearish momentum fades but upside conviction remains weak. Despite several short-term rebound attempts, sellers continue to defend the $2.10–$2.16 resistance cluster, keeping XRP trapped below its dynamic EMA zones. Traders are now closely monitoring structural levels and momentum shifts ahead of the June 27 options expiry. What’s Happening With XRP’s Price? XRP price dynamics (Source: TradingView) On the daily chart, XRP has officially broken down from a symmetrical triangle, a pattern that began forming in late December 2024. The recent candle close below the ascending trendline marks the first major invalidation of bullish structure since XRP’s $0.70 breakout. Unless buyers reclaim the $2.08–$2.10 range soon, the price could rotate toward the next support at $1.94, followed by $1.88. XRP price dynamics (Source: TradingView) Meanwhile, the XRP price action on the 4-hour chart reveals a significant bearish change of character (CHoCH) after a failed attempt to reclaim the $2.34 liquidity zone. Following this, a sharp break of structure (BOS) confirmed a new lower low, while a “weak low” near $1.92 was marked as vulnerable. Multiple internal CHoCH and BOS events between June 18 and June 22 support this downside scenario. The Smart Money indicator data also shows multiple unmitigated supply zones between $2.15 and $2.22, which are now acting as rejection areas. XRP price dynamics (Source: TradingView) On the 4-hour chart, XRP price action shows the token hovering just below the 20 and 50 EMA cluster. The EMA 20 at $2.057 and EMA 50 at $2.123 are acting as dynamic resistance, while price is struggling to hold support near $2.00. The current XRP price stands at approximately $2.018. A recent rejection from the mid-band of the Keltner Channel ($2.06) adds…
The post XRP Price Struggles Near $2.02 as Bulls Fail to Reclaim EMA Resistance appeared on BitcoinEthereumNews.com.
After failing to close above the $2.16 zone last week, the XRP price today is consolidating near the $2.02 level as bearish momentum fades but upside conviction remains weak. Despite several short-term rebound attempts, sellers continue to defend the $2.10–$2.16 resistance cluster, keeping XRP trapped below its dynamic EMA zones. Traders are now closely monitoring structural levels and momentum shifts ahead of the June 27 options expiry. What’s Happening With XRP’s Price? XRP price dynamics (Source: TradingView) On the daily chart, XRP has officially broken down from a symmetrical triangle, a pattern that began forming in late December 2024. The recent candle close below the ascending trendline marks the first major invalidation of bullish structure since XRP’s $0.70 breakout. Unless buyers reclaim the $2.08–$2.10 range soon, the price could rotate toward the next support at $1.94, followed by $1.88. XRP price dynamics (Source: TradingView) Meanwhile, the XRP price action on the 4-hour chart reveals a significant bearish change of character (CHoCH) after a failed attempt to reclaim the $2.34 liquidity zone. Following this, a sharp break of structure (BOS) confirmed a new lower low, while a “weak low” near $1.92 was marked as vulnerable. Multiple internal CHoCH and BOS events between June 18 and June 22 support this downside scenario. The Smart Money indicator data also shows multiple unmitigated supply zones between $2.15 and $2.22, which are now acting as rejection areas. XRP price dynamics (Source: TradingView) On the 4-hour chart, XRP price action shows the token hovering just below the 20 and 50 EMA cluster. The EMA 20 at $2.057 and EMA 50 at $2.123 are acting as dynamic resistance, while price is struggling to hold support near $2.00. The current XRP price stands at approximately $2.018. A recent rejection from the mid-band of the Keltner Channel ($2.06) adds…
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