- XRP price is facing significant resistance near $0.50.
- Ripple shows a tapered volume look, suggesting the uptrend is losing strength.
- Invalidation of the bearish thesis is a breach above $0.51.
XRP price could witness a sell-off into the mid $0.40 levels if the bulls hurdle through the $0.50 barrier.
XRP price may be losing steam
XRP's failure to maintain momentum over the $0.50 threshold may result in Ripples' demise.
In contrast to the last bull run that propelled XRP into the current price levels, the volume pattern throughout the last three attempts to overcome the $0.50 has been dropping. This is a subtle indicator that the upward trend is waning.
XRP is currently trading at $0.499 as another attempt is being made to hurdle the barrier. Still, the volume pattern maintains a relatively sparse look, suggesting retail traders alone may be pushing the price. If this is the case, a liquidation towards $0.47 and potentially $0.40 (if $0.47 does not hold) could occur in the coming days. The Relative Strength Index confounds this idea as a clear bearish divergence is shown as the XRP price ascends and attempts to rally through $0.50
XRP/USDT 2-Hour Chart
Invalidation of the bearish thesis can occur if the bulls breach the $0.51 level. In doing so, a buyers' frenzy targeting $0.56 could occur, resulting in an 11% increase from the current XRP price.
In the following video, our analysts deep dive into the price action of Ripple, analyzing key levels of interest in the market. -FXStreet Team
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
Recommended Content
Editors’ Picks

Japan mulls lifting Bitcoin ETF ban, slashing taxes on crypto gains
Japan's Financial Services Agency has proposed a rule change to bring crypto assets under the jurisdiction of the Financial Instruments and Exchange Act. The proposal, to be reviewed on June 25, could pave the way for the listing of Bitcoin ETFs.

Bitcoin recovers as Iran-Israel ceasefire fuels risk-on sentiment
Bitcoin price stabilizes around $105,000 on Tuesday after a 4.33% gain on Monday, driven by easing geopolitical and regulatory concerns. Global risk appetite is increasing as the ceasefire between Iran and Israel, along with the Fed's softer stance on crypto-related banking, takes hold.

Crypto Today: Bitcoin, Ethereum, XRP consolidate gains after Israel-Iran ceasefire
Tensions in the Middle East have taken the backseat after US President Donald Trump announced a ceasefire between Israel and Iran on Monday. Global markets, including cryptocurrencies, ticked up, boosting BTC's recovery above $105,000 at the time of writing on Tuesday.

Pi Network Price Forecast: Minor recovery teases trend reversal amid GenAI claims, Pi2Day
Pi Network edges higher on Tuesday, holding above a crucial psychological and trendline support. The Pi Core team teases a potential Generative AI feature to be announced on Pi2Day, June 28.

Bitcoin Weekly Forecast: The calm before the storm
Bitcoin (BTC) price remains steady above a key support level, trading slightly above $106,000 at the time of writing on Friday. The uncertainty looms as geopolitical tensions between Iran and Israel show no sign yet of an exit strategy from either side.

The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.