Ripple (XRP) price in free fall, is it the right time to sell?

Jakarta, Pintu News – The price of Ripple (XRP) recently experienced a sharp drop below the $2.20 zone, indicating increased selling pressure. Having failed to break higher than $2.280, Ripple (XRP) is now in a consolidation phase of losses and could potentially continue to decline below the $2.150 zone.

Introduction: Current Ripple (XRP) Market Conditions

The price of Ripple (XRP) was unable to sustain its positive momentum above the $2,280 level and declined along with other cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). This decline came after the price broke several critical support levels including $2,250 and $2,220. Additionally, there was also a significant bullish trend line break at $2,180 on the hourly chart of the Ripple (XRP)/USD pair. Currently, Ripple (XRP) is trading below $2,220 and the 100-hour simple moving average.

Also Read: Ethereum (ETH) Prepares for a Surge: Bullish Signs Strengthen

Technical Analysis: Why Does Ripple (XRP) Keep Weakening?

After bottoming out at $2.1425, Ripple (XRP) is now below the 23.6% Fibonacci retracement level of the last decline from a high of $2.335 to a low of $2.145. The hourly MACD (Moving Average Convergence Divergence) indicator for Ripple (XRP)/USD shows increasing bearish momentum, while the RSI (Relative Strength Index) is below the 50 level, signaling the dominance of sellers in the market. If the price is unable to break the $2,220 resistance zone, there is a possibility that Ripple (XRP) will experience further declines.

Potential Price Movements: What to Expect?

If Ripple (XRP) manages to break to the upside, the first resistance it will face is around $2.1880, followed by the $2.20 level. The next resistance is at $2,240, which is the 50% Fibonacci retracement level of the last drop.

If it manages to cross this resistance, Ripple (XRP) might try to break $2,280 and potentially reach $2,320 or even $2,350 in the short term. However, if the price fails to break the $2,220 resistance zone, it could trigger further declines with initial support at $2,150 and next critical support at $2,120.

Conclusion: Investment Strategy for Ripple (XRP)

Investors and traders should monitor the mentioned support and resistance levels to take informed investment decisions. A break below $2,120 could take Ripple (XRP) towards lower supports at $2,050 and $2,020. Given the current market conditions, it is important to take a cautious approach and consider effective risk management in Ripple (XRP) transactions.

Read More: Will Selling Pressure Shake Chainlink’s Bullish Dominance?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. XRP Price Slides 2%. Accessed on June 19, 2025
• Featured Image: Coingape