- The price of XRP/USD is also in a long-term period of consolidation as the price is held at the lower resistance of 0.75 and lower support at 0.57-0.60.
- The medium rate of change is not enough to give an upward trend, which would suggest not to make priorities in terms of momentum-based trades. Players in the market are converging around the support levels and resistance levels.
- The price of XRP was close to the moving average, which added more evidence to the consolidation process and a low level of volatility.
XRP has been trading in an obvious horizontal volume, depicting a long period of consolidation. Based on a long-term technical forecast, XRP/USD is still trading within a range of resistance at approximately the same value of a dollar plus 75 cents against support at the part of about 57 dollars and 60 cents. The asset has not been able to take a clearer path moving upwards or downwards because this region has not been too compelling, even after a number of price moves.
Its present trading pattern is based on a major breakout event that occurred early in 2025 when XRP crossed a resistance marker that had been in place all these years. Such upward movement, the asset was caught up in a sideways consolidation process, implying that the market is digesting previous gains. The uniformity in price compression portrays indecisiveness of traders, and no one is being dominant either in the buyers or in the sellers. This balance has formed the technical environment that includes range-based strategies that are more desirable than trend-following strategies.
Accumulation or Exhaustion: Traders Monitor Breakout Signals
Technical analysts view the current structure as either an accumulation phase ahead of further gains or a distribution zone before a reversal. The absence of any breakout in both directions supports the neutral character of the overall trend of XRP. A clear upward action at $0.75 would most probably resume the bullish movement, whereas a failure at $0.57 would possibly open an even more significant decline off the 2025 highs.
Short-term demands are, in effect, as traders trade off support as well as resistance points available until a strong indication is drawn. This method is supported by the recurrence of price not breaking either end of the range. Momentum-based trading strategies are also on the decline owing to the horizontal trend, which lowers the overall chances of swing or breakout trades without the addition of volatility.
Intraday Chart Reflects Cautious Market Sentiment
The intraday level, XRP, displayed a V-shaped price action over June 20–21. The session began with a rapid spike to a high of 2.1214, followed by a sharp pullback that signaled potential short-term profit-taking or weakening buyer strength. Trading volume spiked to 368,000 during this phase, indicating notable market participation during the early session.
Source: Yahoo Finance
XRP gradually recovered, forming higher lows and highs into the early hours of June 21. Despite this moderate recovery, volume remained low, and the Moving Average Deviation hovered near -0.0038, pointing to limited momentum. The price hovered near its short-term moving average, reinforcing the theme of consolidation across both daily and intraday timeframes.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their research before making financial decisions.
