XRP Price Analysis: Is a Bullish Break Possible?

XRP price continues to trade within a range, hovering between $2.10 and $2.22 after failing to break resistance levels previously. This recent pattern aligns with our prediction that XRP prices would remain confined in this range unless a significant volume spike or catalyst emerged. Consequently, the XRP price shows signs of further downside pressure. While the $2.10 support zone remains intact, repeated rejections from higher levels indicate weakening buyer momentum. Sellers regained control after an attempted recovery towards $2.22, resulting in a lower high and a bearish daily candle that closed below both the 9-day and 20-day moving averages. The indicators offer insight into this trend: 42.28% RSI indicates a weakening momentum; STOCH (47.81%) remains neutral; MACD shows a negative crossover, confirming bearish pressure; and CCI is slightly negative at -22.1196. The ultimate oscillator suggests mild buying activity in the early stages of strength but most indicators remain negative or neutral. The current technical picture paints a picture of a clear bearish trend. While some signs of accumulation are visible with the Ultimate Oscillator, most other tools point towards continued downtrend; Moving averages provide further support to this bearish outlook: 20-day at $2.13, 50-day at $2.19, 100-day at $2.24, and 200-day at $2.22, all sitting above the current price, confirming a persistent downtrend.