XRP Price Drops Below $2.20: What’s Holding Back the Bulls Today?
After consolidating for most of April, the XRP price today remains in a pivotal zone near $2.17, caught between key moving averages and descending resistance lines. While the broader trend remains range-bound, recent rejections and failed breakouts raise fresh concerns for short-term bulls. Traders are closely watching whether the XRP price can reclaim $2.20 or if a bearish retest toward $2.00 looms ahead.
Multi-Timeframe Structure: What’s Happening With XRP’s Price?
The daily chart shows XRP trading within a compressing triangle that has defined April’s price action. The descending trendline from the March high continues to cap upside moves, currently intersecting around $2.26. Horizontal support in the $2.05–$2.10 region remains structurally critical and has held firm across both March and April pullbacks.
The 30-minute and 4H charts highlight failed attempts to break above the $2.20–$2.23 resistance zone, with multiple lower highs forming. The coin is currently hovering just below both short-term trendline resistance and a previous breakdown zone.
XRP Price Action: Structure Across Daily and 4H Charts
…The post XRP Price Drops Below $2.20: What’s Holding Back the Bulls Today? appeared first on Coin Edition.
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XRP Price Drops Below $2.20: What’s Holding Back the Bulls Today?
After consolidating for most of April, the XRP price today remains in a pivotal zone near $2.17, caught between key moving averages and descending resistance lines. While the broader trend remains range-bound, recent rejections and failed breakouts raise fresh concerns for short-term bulls. Traders are closely watching whether the XRP price can reclaim $2.20 or if a bearish retest toward $2.00 looms ahead.
Multi-Timeframe Structure: What’s Happening With XRP’s Price?
The daily chart shows XRP trading within a compressing triangle that has defined April’s price action. The descending trendline from the March high continues to cap upside moves, currently intersecting around $2.26. Horizontal support in the $2.05–$2.10 region remains structurally critical and has held firm across both March and April pullbacks.
The 30-minute and 4H charts highlight failed attempts to break above the $2.20–$2.23 resistance zone, with multiple lower highs forming. The coin is currently hovering just below both short-term trendline resistance and a previous breakdown zone.
XRP Price Action: Structure Across Daily and 4H Charts
…The post XRP Price Drops Below $2.20: What’s Holding Back the Bulls Today? appeared first on Coin Edition.
Read More
Official Trump ($TRUMP) Price Prediction for May 2025: Will the Meme Coin Reclaim $14?