XRP Price Prediction: Will the Digital Asset Continue Its Downtrend?

XRP is currently trading at $2.35 with a market capitalization of $138.14 billion and a 24-hour trading volume of $58.62 billion.

The price of XRP fell on Wednesday, continuing a recent pullback that saw the digital asset drop below the key $2.30 level amid mixed technical signals and fading institutional interest.

XRP Chart Analysis

On the 1-hour chart, XRP shows clear signs of a pullback, with the price structure forming lower highs and lower lows. This short-term bearish trend indicates a weakening in bullish momentum, particularly as the $2.31 support level has been repeatedly tested. If this level fails to hold, XRP could drop toward the $2.20 zone. The volume profile supports this cautionary outlook, with red volume bars outweighing green in recent sessions, suggesting that sellers are dominating the current momentum.

The 4-hour chart similarly paints a bearish picture, with XRP maintaining a downtrend below a critical resistance point of $2.44. This time frame reveals a potential lower high formation, further highlighting continued short-term weakness. The pair previously peaked near $2.656 before entering a corrective phase. Although large green volume spikes preceded the drop—suggesting initial institutional interest—follow-through has been weak, with sellers pressing prices lower. If the price manages to close below $2.30, the next support to watch lies closer to $2.20.

However, on a broader time horizon, the daily chart maintains a more structurally bullish outlook despite recent downward pressure. XRP has formed higher highs and higher lows, a pattern that is usually consistent with a weakening uptrend. A daily candle close above the $2.40-$2.45 resistance zone on significant volume would be needed to reinstate bullish confidence and set the stage for a continuation toward previous highs around $2.60. Key to this scenario is the ability of buyers to defend the $2.30 support level, which remains a pivotal area for future price action.

Oscillators are presenting a largely neutral stance, highlighting the current market indecision. The relative strength index (RSI) stands at 52.73389, the Stochastic is at 50.66967, and the commodity channel index (CCI) is at 22.90536—all indicating a balanced momentum profile. The average directional index (ADX) at 20.27480 suggests a weak trend strength. The Awesome oscillator registers 0.22143, also in neutral territory. However, the momentum is signaling negativity, while the MACD level at 0.07107 presents a bullish signal, hinting at a possible divergence between momentum and trend-following indicators.

Moving averages (MAs) present a mixed yet mildly bullish outlook. Both the exponential moving average (EMA) and simple moving average (SMA) for the 10-period frame show sell signals, with values at $2.39179 and $2.43053, respectively, indicating near-term weakness. Conversely, all other EMAs and SMAs from the 20-period to the 200-period offer buy signals. This alignment suggests that while short-term pressure is evident, the broader trend remains positive, provided key supports are maintained. The exponential moving average (200) at $2.03875 and simple moving average (200) at $2.17692 are particularly supportive of the longer-term bullish bias.

Key Levels To Watch

The price of XRP is currently trading at $2.35 with a market capitalization of $138.14 billion and a 24-hour trading volume of $58.62 billion. The digital asset experienced an intraday price range between $2.33 and $2.43, reflecting notable intraday volatility amid mixed technical signals.

Point Of Interest

The institutional buying activity that pushed XRP above $2.50 seems to be waning, leading to a setback in the rally. Despite this, the broader structural bias remains bullish due to the formation of higher lows on the daily chart, suggesting that sellers are encountering difficulties in making swift progress.