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XRP’s price has been cooling off lately, following the overall crypto market’s lead. At the moment, Bitcoin is holding up better than most altcoins — and that includes XRP. With Bitcoin dominance staying strong, many altcoins like XRP are struggling to keep up.
As Bitcoin moves sideways or pulls back, it puts pressure on altcoins, causing short-term drops. Right now, XRP is in a cooling-off phase and experiencing a slight pullback.
At the moment, XRP’s price is stuck between a support level around $2.30 and resistance at around $2.34 to $2.35. If the price manages to break above $2.35 with a strong daily candle close, it could move toward the next resistance zone between $2.43 and $2.44.
Beyond that, there’s a major resistance waiting between $2.55 and $2.62. On the flip side, if XRP fails to hold above $2.30, the next important support level to watch is in the $2.10 to $2.15 range.
A Bullish Signal Forming?
Interestingly, on the 6-hour chart, there’s a possible bullish divergence forming. While the price has been making lower lows, the RSI is showing slightly higher lows. This is often an early signal that a price bounce could be on the way. However, it’s not confirmed yet. Traders would need to see the price hold steady and start trending upward alongside a rising RSI to take it seriously.
For now, Bitcoin’s short-term cool-off is weighing on XRP’s momentum. Even if this bullish divergence plays out, it might not lead to a significant move unless Bitcoin stabilizes or starts climbing again. The good news is, a deeper pullback isn’t necessarily bad news for XRP.
What Needs to Happen Next
If the price drops to around $2.00 and finds solid support there, it could set up for a major bullish pattern on the daily chart — an inverse head and shoulders. This pattern is typically a sign of a coming reversal to the upside.
But to confirm it, XRP would need to pull back to the $2.00 area, bounce back toward the $2.60 zone, and then break above $2.62 with strong daily candle closes. Until then, it remains a possible but unconfirmed setup.