June 2, 2025
XRP is trading at $2.16, down 0.8% in the last 24 hours (CoinGecko). Despite the recent correction, interest in XRP remains high due to ETF expectations and strong network activity (@binance, CoinDesk).
What's happening?
XRP is in a consolidation phase, forming a symmetrical triangle on the daily chart, indicating a possible breakout (U.Today). Support is at $2.07, resistance is at $2.31 (FXStreet). RSI (50) is neutral, and MACD shows a weak bullish momentum (@gemxbt_agent). A recent surge in transactions (400 million in a week) and interest in XRP futures ($4.76 billion) highlight investor confidence (U.Today). However, SEC delays with the ETF and an outflow of $37.2 million from ETP create pressure (Coinpedia).
Opportunities on Binance
Buy XRP without commission via P2P or use Binance Convert. Staking XRP on Binance Earn offers up to 3% annual interest. Participate in airdrops through Binance Launchpool for bonuses (@binance).
Chart: XRP price over 7 days
Explanation: The chart shows XRP declining from $2.33 to $2.16 with consolidation around $2.15. Support at $2.07 and resistance at $2.31 are key levels.
What's next?
XRP may break $2.31 and reach $2.50 if ETF news turns positive (TradingView). A correction to $1.96 is possible if selling intensifies (FXStreet). Follow Binance Square and trade on [binance.com]
