The cryptocurrency market remains volatile, and XRP is showing signs of weakness despite recently climbing above a descending trendline that had capped every rally since February. After slipping back under key resistance levels, analysts now warn that XRP could be at risk of a deeper pullback in the coming sessions.
At the time of writing, XRP is struggling to hold support around $2.10, having dipped as low as $2.03. Analyst CasiTrades warns that while XRP briefly reclaimed its breakout level, the move could be a false breakout. She added that if open interest begins to rise without a meaningful price move, particularly if it crosses 0.02% or higher — it could signal a high probability of a liquidity sweep to the downside.
“If we fail to hold $2.25, it puts $2.01, $1.90, and even $1.55 in play,” she explained. A capitulation move toward these lower levels, while painful in the short term, could generate the exact momentum XRP needs to finally break free of its multi-year range. CasiTrades said such a shakeout could pave the way for a powerful Wave 3 breakout in the coming weeks.
Technical indicators support the bearish short-term outlook. RSI and Stochastic indicators on the daily and 4-hour charts are showing oversold conditions, hinting at continued selling pressure before a possible rebound. The market is currently watching the $1.95–$1.88 zone closely for signs of stabilization.
Adding to the uncertainty, XRP’s price action remains closely tied to Bitcoin and Ethereum. As both major cryptocurrencies trade within tight ranges and show signs of a potential pullback, altcoins like XRP are likely to mirror this behavior.
While short-term risks remain high, some analysts remain positive about XRP’s medium-term prospects. If the market can shake off current bearish sentiment, XRP could recover towards $2.25–$2.35 initially, with more ambitious targets of $3 by the end of July if bullish momentum builds.
