The price of XRP has experienced significant volatility recently. Following a strong early June rally that briefly pushed the price above key moving averages, it is currently retracing. However, this decline may signal the start of the next notable surge. The asset recently crossed above its 50-day and 100-day Exponential Moving Averages ($2.28 and $2.26) but stalled just below its 200-day EMA at approximately $2.40 USDT on the daily chart. Support for today’s retracement is located near the 100-day EMA, with the 50-day EMA serving as a secondary floor. If these levels hold, the 200-day EMA and the previous descending trendline around $2.60 are the next resistance points to watch.