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XRP experienced a nearly 10% price drop this week amid escalating geopolitical tensions, briefly dipping below $2 before recovering.
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Market analysts emphasize that XRP’s price structure remains stable as long as key support levels between $1.75 and $1.80 hold firm.
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Technical indicators such as accumulation/distribution and Chaikin Money Flow suggest cautious consolidation rather than a confirmed trend reversal, according to COINOTAG sources.
XRP price volatility highlights critical support at $1.75-$1.80, with technical indicators signaling consolidation amid geopolitical uncertainty.
Analysts Remain Cautiously Optimistic About XRP Price Amid Geopolitical Pressures
Over the past week, XRP prices declined nearly 7%, influenced by geopolitical tensions including recent US airstrikes on Iranian targets. The altcoin’s value dropped from approximately $2.20 to a low near $1.90 before stabilizing around $2.06. Veteran trader Peter Brandt identified a potential Head-and-Shoulders (HS) pattern on XRP’s chart, a formation typically signaling bearish reversal if support breaks. However, Brandt advises caution, underscoring the importance of XRP maintaining support above $1.80 to avoid confirming a bearish trend.
Treat the Apr 7 overshoot as an out-of-line movement and we have a possible HS top in $XRP
For the sake of the uneducated trolls among you, this chart need NOT be interpreted as bearish
Price is at support right now
I will review if price closes below 1.8xxxx pic.twitter.com/YlsqLi2SzN
— Peter Brandt (@PeterLBrandt) June 23, 2025
A decisive weekly close below this critical support would be necessary to confirm a bearish outlook. Meanwhile, analyst EGRAG CRYPTO offers a bullish perspective, emphasizing the importance of XRP remaining above the Gaussian Channel boundary near $1.75 to sustain momentum.
The 21-week Exponential Moving Average (EMA) at $2.33 is another key level, with a close above it indicating strong bullish momentum. Furthermore, surpassing resistance at $2.65 would confirm a robust long-term uptrend.
EGRAG’s Elliott Wave analysis projects XRP could potentially reach between $9 and $10 if the anticipated fifth wave completes successfully, assuming current support levels hold.
Short-Term Technical Analysis Highlights Cautious Recovery Signals
XRP’s sharp price decline towards $1.90 was accompanied by a significant drop in the Accumulation/Distribution (A/D) line, indicating strong selling pressure. The A/D line measures the cumulative buying and selling volume, and its decline reflects increased selling activity.
As XRP approached support near $1.90, the A/D line stabilized and began a modest upward trend during the price rebound, signaling renewed but cautious buying interest.
Despite this recovery, the accumulation has not fully offset earlier distribution, suggesting that market participants remain wary. The Chaikin Money Flow (CMF) indicator, which measures money inflow and outflow strength, turned negative during the sell-off, confirming strong outflows.
Although CMF improved during the rebound, it remained below zero, indicating that buying pressure is still tentative and not yet dominant.
Consolidation Phase and Critical Price Levels to Monitor for XRP
Current technical indicators suggest XRP is in a phase of cautious consolidation. Support near $1.90 has held firm, but the weak CMF readings imply ongoing uncertainty among traders.
This analysis aligns with expert opinions that key support between $1.75 and $1.80 remains intact. A decisive weekly close below these levels would increase bearish risk significantly.
Traders should closely watch XRP’s price action around these critical support and resistance points. A confirmed breakout above $2.33 followed by a move past $2.65 would indicate bullish continuation, while a break below the $1.75-$1.80 support zone would suggest a potential downtrend.
Conclusion
XRP’s recent price volatility reflects broader geopolitical uncertainties, yet technical analysis reveals a market in cautious balance. Maintaining support between $1.75 and $1.80 is critical to avoiding bearish confirmation, while surpassing resistance levels at $2.33 and $2.65 could signal renewed bullish momentum. Investors and traders should monitor these key levels closely, as they will likely dictate XRP’s near-term trajectory amid ongoing market consolidation.
