๐ซ๐ฅ๐ฃ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ ๐ผ๐๐ฒ๐บ๐ฒ๐ป๐! ๐
$XRP /USDT is trading at $2.2327 on Binance, reflecting a 1.36% daily increase with a 24-hour range between $2.2821 and $2.1838! ๐ The 1-day chart shows a recent 0.53% dip, but XRP maintains an uptrend from mid-May lows near $2.10, supported by a solid 234.93M USDT and 104.88M XRP in trading volume. ๐น The Volume SMA at 20.087M indicates steady market activity, suggesting a consolidation phase amid broader market dynamics.
Technical Insights
The candlestick pattern reveals a mix of green and red bars, with XRP recently testing resistance near $2.30 before a slight pullback. Key support is forming around $2.20, aligning with the 24-hour low, while the next resistance at $2.40โa psychological level from early Juneโcould be tested if buying pressure resumes. ๐ช The 50-day SMA is trending at $2.25, providing a near-term support base, while the 200-day SMA at $2.15 suggests a gradual long-term uptrend. The Relative Strength Index (RSI) is hovering around 52, indicating neutral momentum with room for either a bounce or further consolidation. A break below $2.20 might push XRP toward $2.10, whereas a move above $2.40 could target $2.50, a previous high from late May. ๐
Market Sentiment
XRP, the native token of the XRP Ledger developed by Ripple Labs, continues to draw interest for its role in facilitating fast, low-cost cross-border payments. Recent market sentiment, as observed on X, shows a mix of optimism and caution, with some users highlighting Rippleโs growing partnerships and others noting potential volatility tied to regulatory developments and broader crypto trendsโBitcoin at $109,682.10 and Ethereum at $2,570.20. ๐ก The current uptick may reflect renewed confidence following legal clarity from the SEC case, though some analysts suggest a possible correction if momentum fades. On June 4, 2025, traders should monitor the $2.20 support levelโif it holds, a rebound toward $2.40 is plausible; if breached, $2.10 could be tested.
