XRP Traders Watch $2.35 Zone — Bullish or Bearish?

XRP is trading at $2.35 with a market cap of $137 billion and a 24-hour trading volume of $1.75 billion. The price stayed between $2.30 and $2.37, showing a tight consolidation that signals uncertainty in the market.

On the 1-hour chart, XRP is recovering from a drop from $2.457 to $2.282. After that, it formed higher lows, suggesting that buyers are stepping in. The price is now moving in a narrow range between $2.34 and $2.36 with low volume. Traders are waiting for a breakout above $2.36, which could lead to a move toward $2.42 or $2.48. A stop-loss below $2.30 is a common risk strategy for short-term trades.

The 4-hour chart shows XRP trying to build support after hitting $2.282 on May 23. That level had a quick bounce, suggesting strong buying interest. The price is now stuck between $2.33 and $2.36, with tough resistance at $2.48. A break and retest of $2.37–$2.38 with strong volume could invite aggressive buying. Traders may aim for $2.47–$2.48 if the move is confirmed.

The daily chart shows a bigger picture of a rally that peaked at $2.656, followed by a drop. There was a spike in volume at the top, hinting that smart money may have exited. The current price action is showing indecision, with small candle bodies and long wicks. Support lies between $2.30 and $2.32, while a key buy zone may be found between $2.25 and $2.30. Resistance remains strong at $2.55–$2.60.

Indicators Show Mixed Signals

Technical indicators are neutral to slightly bearish. The RSI is at 51.02, showing a balance between buyers and sellers. The Stochastic is at 20.02, close to oversold. The CCI is at -24.65, also neutral. The ADX is weak at 15.56, showing a lack of strong trend. The MACD shows a slight bearish signal, while momentum is slightly negative.

Short-term moving averages (10 and 20 periods) show weakness, but longer-term averages (50, 100, 200 periods) are still bullish. This suggests support may hold if the price doesn’t drop below current levels.

Bullish Outlook:
If XRP stays above $2.30–$2.32 and breaks $2.37 with strong volume, it could move up to $2.47 or even $2.60. Accumulation patterns and strong longer-term support back this view.

Bearish Outlook:
If XRP falls below $2.30, especially with high volume, more downside may follow. A drop below $2.25 could lead to a move toward $2.15. Weak short-term signals mean traders should wait for a clear direction before entering.