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XRP made headlines in 2025 with one of the most notable price movements. On June 16, it broke above the 50 and 100-day moving averages (EMA), closing around $2.27, signaling a significant bullish trend. However, this promising start was short-lived. The next day, the price plummeted beneath these moving averages to approximately $2.23, erasing intraday gains and negatively impacting short-term market expectations. Although a temporary volume increase and the Relative Strength Index (RSI) showed an upward trend, the lack of follow-through strength among buyers indicated the unsustainability of the price movement.
XRP’s Striking Reversal
On June 16, XRP successfully surpassed the 50 and 100-day EMAs, closely watched by technical analysts. This breakout had the potential to initiate a move towards crucial resistance levels in the $2.40 – $2.50 range. An abrupt spike in trading volume, coupled with the RSI edging towards the bullish zone, bolstered this optimism.
$2-XRP-Altcoin-scaled.jpg” alt=”” width=”2560″ height=”1462″ />Yet, the positive momentum dissipated within less than 24 hours. The sharp retreat on June 17 pushed the price below both the 50 and 100-day EMAs, invalidating the previous day’s breakout attempt. Signs of rejection at these pivotal moving average levels clearly reflected buyer indecisiveness and market uncertainty. These developments, hallmarks of a failed breakout, undermined the bullish structure.
What Do Technical Indicators Say for XRP Coin?
The technical consequences of this failed breakout are significant. Firstly, investors who entered positions during the breakout are now at a loss or potentially panic selling, weakening confidence in the bullish momentum.
Secondly, the current price action poses a risk of reinforcing a downward trend targeting the 200-day EMA at the $2.09 level. This level has already been tested thrice in June, marking a formidable support point.
