XRP (Ripple) continues to trade in a tense zone, hovering just above the $2 mark amid a cocktail of mixed technical signals, investor caution, and mounting anticipation around institutional crypto flows. As we head into the final days of June, traders are closely watching whether XRP will hold support—or slip into a deeper short-term correction.
📉 Market Sentiment: Slightly Bearish with Cautious Optimism
Analysts expect XRP to see slight downward pressure in the coming week. Forecasts from platforms like Changelly and CoinDCX suggest a 2–7% drop, with the token potentially retreating toward the $1.75–$1.90 range. This sentiment is driven more by technical patterns and short-term consolidation rather than fundamental weakness.
Still, institutional sentiment remains cautiously optimistic, especially with ongoing speculation about a potential XRP-based exchange-traded fund (ETF) later this year.
🔍 Key Technical Levels
Resistance Zones: $2.19, $2.23, and $2.30
Support Zones: $1.90, $1.83, and deeper at $1.75
Technical analysis shows mixed signals. While some daily indicators hint at a possible recovery, weekly moving averages and oscillators suggest a “strong sell” bias. The $2.00 level remains a psychological and structural pivot—any decisive move above or below could define the week's trend.
Scenario Expected Price Range Trigger Levels
Base Case $1.75 – $2.20 Sideways consolidation
Bull Case Up to $2.30+ Break above $2.23 resistance
Bear Case Down to $1.60 – $1.50 Drop below $1.75 support
ETF Developments: Progress—or delays—in XRP ETF discussions could heavily impact short-term momentum.
Institutional Interest: Analysts at Bitget maintain their bullish long-term thesis, predicting XRP could touch $5 by year-end.
Market Volatility: Macro sentiment, including broader altcoin trends and regulatory updates, will also play a role.
According to a recent Bitget report, institutional momentum and clearer regulatory pathways could drive XRP into a stronger uptrend later in Q3. However, short-term technicals suggest a modest pullback may occur before any renewed rally.
Meanwhile, skeptics warn that if XRP loses the $1.90–$1.75 range, selling pressure could intensify—possibly pushing the coin toward the $1.60–$1.50 zone before stabilization.