After rallying over 80% in the past two weeks, XRP price is showing signs of short-term exhaustion. XRP price today is trading near $3.45, down nearly 3% on the day, as bulls lose grip near the upper boundary of a major supply zone. The token is now testing crucial structural support with indicators suggesting mixed momentum.

What’s Happening With XRP’s Price?

XRP’s intraday structure shows a clear breakdown below a short-term ascending trendline visible on the 1-hour chart. The move follows a double rejection near $3.66, which aligns closely with the top of the red supply zone marked on the daily chart. Price has now fallen back into the previous consolidation band between $3.35 and $3.58.

RSI on the 1-hour chart has dropped to 38.94, suggesting weakening bullish pressure, while MACD shows a fading bullish crossover with histogram bars sliding toward negative territory. The rejection also invalidated the rising channel, and price is now testing the base of a horizontal range.

The 4-hour chart confirms this with XRP trading below the 20 EMA ($3.4690) and just above t…

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