- XRP holds above $2.00 support despite $1B unlock and persistent outflows, reflecting resilient investor sentiment.
- RSI at 50.22 and a bullish MACD crossover hint at possible trend reversal if volume exceeds 70M USDT.
- A breakout above $2.30 may target $2.70–$3.00, but a drop below $2.00 risks decline to $1.50 if outflows continue.
XRP is facing increased volatility following a recent token unlock worth over $1 billion. The fresh release of 500 million XRP from escrow has added supply-side pressure as the asset trades just above its crucial $2.00 support.
At the same time, bullish sentiment from ETF discussions and institutional interest has increased optimism in the market. However, the price remains capped below its 200-day level, with sideways movement defining its short-term behavior.
Notably, price action shows consolidation between $2.00 and $2.50, even as on-chain and technical signals present a divided outlook.
Price Consolidation Persists Amid Volatile Volume and Outflows
XRP has been relatively stable above $2.00 despite consistent daily net outflows between February and June. The largest withdrawal occurred in late January, exceeding $250 million and aligning with a local peak.
These negative flows, reaching over $100 million on several days, indicate selling activity or cold storage movement. However, XRP’s ability to remain above $1.80 through this period suggests that some investors continue to accumulate.
Market volume is at 52.26 million USDT, showing moderate activity. Notably, XRP saw its strongest rally between late November and mid-January, peaking at over $3.00. Since then, the asset has slowly declined but has held firm near the $2.00 level as of late June.
Technical Indicators Suggest Cautious Optimism
Technical momentum indicators remain neutral but show signs of potential recovery. The RSI is at 50.22, indicating balanced buying and selling pressures. A slight increase from the 40s indicates some buyers are returning to the market.
The MACD histogram has moved just above zero. The MACD line at +0.0108 is now above the signal line at -0.0083. This early crossover suggests that positive momentum could build if volume also rises.
Conditions That May Shift the Market Direction
If XRP breaks past the $2.30 resistance with volume exceeding 70 million, it could push toward $2.70 or even $3.00. This scenario would likely require stronger Bitcoin performance or favorable regulatory updates.
However, if the price drops below the $2.00 support, and negative netflows persist, XRP could decline to $1.75 or possibly $1.50. The continuation of outflows and lack of fresh capital inflow would further support this downside move.
XRP is at an important technical position. Volume trends, netflow direction, and price movement near support and resistance will likely influence its next directional move.
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.edited 04:21 PM
