XRP is receiving more attention this week as its price remains close to the significant $2.30 level. After falling below $2.40, the token is showing signs of weakness. Technical signals are turning negative, and fewer people are using the network, which adds to the pressure.
Traders and analysts are unsure about what’s next. Some believe XRP might bounce back if it holds above $2.30, while others think the price could fall even more if it doesn’t show signs of recovery soon.
XRP Fights to Stay Above Support Zone
At the time of writing, XRP is valued at around $2.302, showing a modest rebound after dipping to an intraday low of $2.27. Despite this slight recovery, the token continues to struggle with resistance near the $2.32 mark, where multiple breakout attempts have failed. This price behavior has formed a narrowing triangle pattern, often seen ahead of a major move.
Analysts caution that unless buyers can drive the price above the critical $2.32 to $2.35 resistance zone, the risk of further declines remains. While XRP has regained some ground, uncertainty still clouds the outlook as traders await clearer signs of a trend shift.
XRP Nears Support Amid Bearish Signs
According to TradingView, several short-term indicators point to a weakening trend for XRP. The Relative Strength Index (RSI) has dropped below the neutral 50 level and is currently around 38, signaling increased bearish momentum. On the 30-minute chart, the MACD remains below its signal line, with histogram bars in negative territory.
The Ichimoku Cloud analysis shows XRP slipping below the cloud, while the flattening Tenkan-sen and Kijun-sen lines suggest a possible consolidation phase. The Chande Momentum Oscillator is also deeply negative at -24.29. However, the Stochastic RSI is rising from oversold conditions, which could indicate a short-term bounce if support around $2.27 holds.
XRP Activity Hits Low
Outside of price movements, the Ripple network is showing signs of pressure. This month, on-chain activity on the XRP Ledger has dropped by almost 90%, casting doubt on the token’s practical use. Despite this, speculative trading remains fairly active.
At the same time, top XRP holders have been largely inactive, but analysts suggest some are reallocating their holdings into newer projects. This shift is likely influenced by the ongoing uncertainty surrounding the XRP SEC lawsuit and a broader liquidity crunch driven by Bitcoin’s market pressure.
Ripple SEC Case Keeps XRP Investors Cautious
Ripple’s continuing legal case with the SEC is making investors worried. Even though Ripple won part of the case last year, it’s still not clear how the law views XRP. XRP ETFs are waiting for approval, and companies like Bitwise are already holding a lot of XRP, hoping the ETFs will start soon. This legal uncertainty is making big investors cautious. Until the case is settled, many people are careful about buying. If there’s a big update in the lawsuit, it could change how XRP does in the market and bring more buyers.
Final Thoughts
XRP is at an important point near the $2.30 level, but there’s still a lot of uncertainty. The price might bounce back a little, but signs from the market and reduced network usage suggest it could face further problems. The ongoing lawsuit between Ripple and the SEC is making investors cautious. Until there is clearer news—whether from price changes, more activity on the network, or legal updates—many traders will stay cautious. Any big news soon could change how XRP performs, so the next few weeks will be very important.
