Will XRP Breakout or Break Down? You Won’t Believe What Happens Next!

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Alright, folks, hold onto your wallets because XRP is putting on a real show—though it’s not the fireworks you’re hoping for! It’s stuck in a tight little box while Bitcoin and Ethereum are hogging the spotlight. No fancy bullish moves, just some good old-fashioned “let’s hold on and hope for the best” price action. The market’s watching, waiting, and, well, XRP is just hanging on for dear life.

But Either it’s a total collapse, or a breakout party—get your popcorn ready! 🍿

Technical Analysis

By ShayanMarkets (yes, the same person who’s always right… or not.)

The USDT Pair

Alright, so here’s the deal—XRP/USDT is like that guy at the party who just won’t leave the corner. It’s stuck in a never-ending descent, unable to get out of a long-term channel, bouncing between a weak support level at $1.95 and resistance at $2.60. It’s so compressed, you’d think it was in a vacation-time trap, unable to move!

Right now, it’s huddling around $2.15, just beneath the 100 and 200 moving averages. The RSI is like that kid who’s just not participating in gym class—hovering around 44. Translation? Nothing’s happening. If sellers break that $1.95 support, you could see the price take a nosedive towards $1.60. Can we get a “Yikes!”?

On the flip side, if it somehow breaks past $2.60, hold onto your hats—$3 could be calling. But until that happens, expect the usual range-bound behavior. Traders, prepare yourselves—this one’s a “meh” for trend-followers.

The BTC Pair

Now, let’s talk about XRP versus Bitcoin. Oof, it’s been weak for months—like that relative who overstays their welcome. Since March, XRP has been giving us lower highs and lower lows. The chart’s looking like a sad little wedge—descending and lonely. The moving averages are going down faster than my optimism in a bear market, and the RSI’s still stuck at a miserable 42.

But wait, there’s a glimmer of hope! XRP is heading toward an imbalance zone (FVG) from that wild rally in late 2024. This could pull it back like a lost dog looking for home—but let’s not get too excited, folks. If buyers step in, we’ll need to see a strong push past the resistance at 2200 SAT. That’s the real test, though. Don’t expect fireworks unless that happens.

Until then, it’s still stuck in that classic “bearish” pattern. Maybe we need a miracle—or a new strategy. Stay tuned! 😬

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2025-06-19 18:16