XRP News Today: XRP Traders Watch $2.30 Mark Closely—Is a Rebound on the Horizon?

XRP is drawing heightened attention this week as its price teeters near a key support level at $2.30. After slipping below $2.40, the Ripple-backed token now faces mounting pressure from both technical indicators and declining network activity.

Traders and analysts alike are questioning whether XRP can mount a comeback—or if the digital asset is headed for deeper losses.

XRP Price Holds Near $2.30 Amid Market Uncertainty

As of today, XRP is hovering around $2.28, having tested intraday lows of $2.27. The short-term price action shows repeated rejections from a descending trendline at approximately $2.32, forming a narrowing triangle structure. According to the latest XRP price prediction, unless bulls reclaim the $2.32–$2.35 resistance zone, the market remains exposed to further downside.

XRP was trading at around $2.27, down 2.29% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin

“The current rejection zones suggest weakening bullish strength,” noted one analyst on TradingView. “XRP must overcome the $2.32 resistance with strong volume to invalidate this bearish setup.”

Short-term EMAs between $2.28 and $2.31 are acting as dynamic resistance, while the Bollinger Bands continue to tighten—a sign of an impending move.

Technical Indicators Turn Bearish

Multiple indicators across lower timeframes suggest a weakening trend. The Relative Strength Index (RSI) has dropped below the neutral 50 level, now resting near 38. This points to increasing bearish momentum. Meanwhile, the MACD on the 30-minute chart remains below its signal line, with histogram bars in negative territory.

XRP price is struggling to maintain above the $2.30-$2.40 resistance zone. Source: BTCryptowatch on TradingView

Ichimoku Cloud analysis further confirms the cautious sentiment. XRP has slipped below the cloud zone, and the flattening of the Tenkan-sen and Kijun-sen lines points to a potential consolidation phase. The Chande Momentum Oscillator is also in deeply negative territory at -24.29. However, the Stoch RSI is rising from oversold conditions, which could hint at a short-term bounce—provided support at $2.27 holds.

XRP Ledger Activity Drops Sharply

Beyond price charts, the Ripple network is showing signs of strain. On-chain activity on the XRP Ledger has plummeted by nearly 90% this month, casting doubt on the utility-driven value of the token. This steep decline in transaction volume comes even as speculative trading remains active.

“The drop in real-world usage is troubling,” commented a market strategist. “XRP’s price isn’t aligning with network activity, and that disconnect could continue to weigh on sentiment.”

While top XRP wallets have stayed relatively inactive, analysts suggest some large holders are diversifying into newer, emerging projects amid the XRP SEC lawsuit’s lingering uncertainty and a broader BTC-driven liquidity drain.

Ripple Lawsuit and Regulatory Overhang

The ongoing Ripple lawsuit with the SEC continues to act as a cloud over investor confidence. Although Ripple scored a partial legal win in 2023, regulatory clarity around XRP’s legal status remains elusive.

XRP ETFs are awaiting final SEC approval, with Bitwise already holding over 109 million XRP in cold storage as anticipation builds for 18+ spot ETFs. Source: Ripple Van Winkle via X

The XRP SEC drama still influences large-scale buying decisions, especially from institutions. With the final ruling still pending, many market participants remain cautious. Any major developments in the XRP lawsuit update could significantly impact the Ripple market and determine whether XRP regains bullish traction.

Ripple CEO Brad Garlinghouse previously expressed optimism about a resolution, but as of now, the regulatory uncertainty continues to limit XRP’s upside potential.

Final Thoughts

Despite maintaining its position as a leading Ripple crypto asset, XRP’s value is currently at a critical juncture. The $2.30 level has become the new battleground, with bulls defending and bears probing for weakness. While long-term Ripple XRP news remains generally constructive—especially if the Ripple lawsuit resolves favorably—the near-term technical structure suggests caution.

With key indicators leaning bearish and on-chain utility dipping, XRP’s price path will largely depend on its ability to hold support or spark renewed momentum. For now, all eyes are on the $2.30 zone as traders await the next big move.