Analysis of XRP's performance for this week (up to June 22, 2025):
Based on the information available from web sources and X posts, here is the analysis of XRP's performance for this week with potential trading recommendations:
XRP's performance this week:
1 Current price:
◦ The price of XRP is around $2.03 - $2.15 according to multiple sources (such as Coinbase, CoinGecko, and Crypto.com).
◦ The price has experienced a slight decline of -0.70% to -2.30% over the past week, indicating sideways movement with a slight bearish tendency.
2 Trading volume:
◦ The trading volume over the past 24 hours ranges between $1.52 billion and $4.18 billion, with a notable decrease in trading activity of -37.40% compared to the previous day, reflecting a decline in market momentum.
3 Long-term performance:
◦ Despite the slight weekly decline, XRP recorded a significant increase of 326.06% to 340.83% over the past year, reflecting strong long-term upward momentum.
◦ The highest price recorded for the currency this year was $3.40 on January 16, 2025, while the lowest price over the past year was $0.33.
4 Support and resistance levels:
◦ Support: Key support levels at $2.00 (a significant psychological level) and $2.05. If these levels are broken, the price may retreat to $1.98 or $1.90.
◦ Resistance: Resistance levels at $2.12, $2.22, and $2.35. A breakthrough of $2.22 may open the door for further rises towards $2.45.
5 Technical indicators:
◦ RSI (Relative Strength Index): It is in the neutral zone (30-70), indicating no overbought or oversold conditions, supporting the idea of the current sideways movement.
◦ Moving averages:
▪ The 50-day moving average is trending upwards and is located below the current price, enhancing the likelihood of continued upward movement in the medium term.
▪ The 200-day moving average shows an upward trend since December 2024, reflecting the strength of the long-term trend.
◦ Technical assessment: The daily technical analysis shows a strong sell signal, while the weekly assessment is neutral, and the monthly shows a strong buy signal.
Influencing factors:
• Regulatory developments: Optimism about the regulatory situation in the U.S., especially with expectations of an improved regulatory environment under the new U.S. administration, supports market sentiment.
• ETF funds: Companies like WisdomTree and Bitwise have applied to launch XRP ETF funds, which could boost institutional demand if approved.
• Lawsuit with SEC: Despite the ongoing legal dispute with the U.S. Securities and Exchange Commission, Ripple's CEO, Brad Garlinghouse, expresses optimism about a soon-to-be resolution, which could boost investor confidence.
Trading recommendations:
Due to the volatility of the cryptocurrency market, traders should exercise caution and conduct their own analyses. Here are recommendations based on the current situation:
1 For short-term traders (daily/4 hours):
◦ Range trading strategy:
▪ Buy: As the price approaches the support level of $2.00 - $2.05, with a stop-loss order placed below $1.98 to reduce risk.
▪ Sell/take profit: At resistance levels of $2.12 - $2.22, especially if the price shows signs of weakness (such as the formation of a strong bearish candle).
▪ Confirmation of breakthrough: If the price breaks through $2.22 with momentum and high trading volume, there may be a buying opportunity with targets at $2.30 - $2.45.
◦ Risk management: Use stop-loss orders and do not expose more than 1-2% of capital per trade due to high volatility.
2 For long-term traders (weekly/monthly):
◦ Holding (HODL): Given the long-term upward trend (supported by a 326% increase over the year) and regulatory optimism, holding XRP may be suitable for investors who believe in future growth, especially with the potential for an ETF launch.
◦ Buying on dips: If the price retreats to strong support levels (such as $1.90 - $2.00), it may be a good opportunity to build long-term positions.
◦ Targets: Targeting levels of $2.50 - $3.00 over the coming months if the upward momentum continues.
3 General tips:
◦ Follow the news: Monitor news related to the lawsuit with the SEC, ETF applications, and any regulatory developments, as they can significantly affect the price.
◦ Diversification: Do not rely solely on XRP in your portfolio, and spread your investments to reduce risk.
◦ Using technical analysis: Monitor moving averages, support/resistance levels, and the RSI indicator to confirm market trends.
Risk warning:
• The cryptocurrency market is highly volatile, and prices may be affected by external factors such as regulatory or political events.
• A comprehensive research and consultation with an independent financial advisor should be conducted before making investment decisions.
• Do not invest more than you can afford to lose.
If you need a deeper analysis or specific strategies based on a certain timeframe, please let me know!
