- XRP trades below 50- and 200-day moving averages, indicating bearish momentum and long-term weakness in price action.
- RSI at 40.53 and MACD below signal line confirm diminishing buyer strength, supporting the ongoing downside trend.
- Increased daily volume and active addresses suggest market activity, but price remains vulnerable under $2.20 resistance.
XRP continues to face downside pressure after failing to hold its recent support zone. On June 13, the digital asset was trading at $2.11, a 6.20% drop over the past 24 hours. Weekly losses are at 1%, while the monthly decline is at 18.15%. The coin’s market cap fell to $124.35 billion, down by 6.24%.
Meanwhile, daily trading volume increased by 26.76% to reach $3.96 billion, suggesting intensified market activity. Although XRP attempted to climb, touching $2.19, it dropped to a low of $2.08, leaving price action vulnerable.
Key Technical Levels Below Moving Averages
The 50-day moving average is at $2.23, now acting as resistance. XRP remains below this level, indicating continued bearish sentiment. Similarly, the 200-day moving average is at $2.31 and confirms long-term weakness.
Price has remained under both levels throughout May and June. The RSI has dropped to 40.53, moving further away from the neutral 50 mark. This downward trend indicates weakening buying strength.
Although not yet oversold, the RSI’s fall from May highs suggests selling control. The MACD also supports the bearish outlook. The MACD line is at -0.0213 and is below the signal line, currently at -0.0240. Although the histogram shows signs of momentum slowing, a trend reversal has not yet formed.
Volume Activity Spikes While Price Stays Under Pressure
XRP’s volume is at 81.47 million tokens, a notable increase. However, this rise aligns with increased selling, as indicated by dominant red candles. The asset must regain control above $2.20 to avoid deeper losses. Current consolidation is between $2.05 and $2.10, a zone that may act as short-term support.
Daily active addresses spiked to 16.5K around June 12, hinting at increased market activity. At the same time, the total number of holders has now exceeded 6.55 million. This long-term rise suggests ongoing accumulation, even as short-term price struggles continue.
Short-Term Resistance and Support
The inability to reclaim $2.20 leaves XRP exposed to further pullbacks. A close below $2.10 could lead to a drop to $2.00. If selling continues, the next target would be $1.95. On the other hand, a move above $2.23 may lead to a test of the 200-day moving average at $2.31. Sustained buying could then push the price toward $2.34 or even $2.38.
Overall, XRP continues to face bearish pressure, trading below both the 50-day and 200-day moving averages. RSI and MACD both indicate weak momentum, while volume activity favors sellers.
Despite a growing holder base and increased address activity, price is under stress. Movement between $2.10 and $2.23 will define the next direction, with broader market sentiment likely to influence short-term outcomes.
Disclaimer : The content shared by The Daily Crypto Post is intended for informational and educational purposes only and does not constitute financial or investment advice. Readers are encouraged to do their own research or consult with a licensed professional before making any financial decisions. The Daily Crypto Post will not be accountable for any financial losses.
