It is under pressure again, as it has dropped to $2.066 on the daily chart.
After failing to maintain momentum above $2.50, the asset is now approaching critical support areas.
Traders are now wondering: Will the price of XRP maintain its stability or will it decline in the coming days? In this article, we analyze the latest chart signals, examine technical indicators, and provide price forecasts using real calculations. In our previous analysis, we already predicted that XRP would lose its upward strength.
XRP Price Prediction: Is XRP losing its upward strength?
XRP/USD Daily Chart
Heikin Ashi candles clearly show a continued downward trend. Red candles with little or no upper wicks indicate strong downward pressure with slight relief from buyers.
The price of XRP has failed to close above $2.10 for several sessions now, which is a bearish signal given the previous support turning into resistance.
The Relative Strength Index (RSI) is currently at 35.49, which is well below the neutral 50 area. This indicates weak momentum, and unless a bounce occurs soon, the price of $XRP may slip into oversold territory (below 30), increasing the risk of panic selling.
XRP is currently trading above $2.00, recording gains of over 300% from its baseline price before the sharp rise in November 2024. Early investors who accumulated during the lows are now realizing significant profits, leading to a notable wave of profit-taking.
In early June, data shows that these early holders have begun distributing their holdings at an average rate of $68.8 million per day (7-day simple moving average), indicating a significant phase of selling pressure and potential redistribution of tokens from long-term holders to new market participants.
Where are the key support and resistance areas?
A Fibonacci retracement from the swing low near $1.50 to the May high at $2.87 shows key levels that the market is testing now.
Support Area 1: $2.05 (0.618 retracement)
Support Area 2: $1.86 (0.786 retracement)
Main psychological support: $2.00
If the price of Ripple fails to maintain the $2.05 level, we may see a retest of the $1.86 area. This represents a decline of approximately 8.33% from the current level.
On the positive side, the first resistance is at $2.10, followed by $2.30 and $2.50. A breakout above $2.30 could trigger short covering and attract new buyers.
Can the price of Ripple bounce?
While the current structure favors declines, Ripple has a history of rapid reversals near the $2 mark. If the price forms a double bottom structure or shows bullish divergence in the Relative Strength Index, it is likely to bounce towards $2.30. If #XRP manages to regain $2.30, we could see a price increase of 11.33%.
But to achieve that, buyers must intervene quickly to prevent further erosion of confidence. Watch for a long-bodied green Heikin Ashi candle - this could indicate seller exhaustion.
XRP Price Forecast: What is likely this week?
The current chart shows that the price of XRP is at a critical moment. Based on the recent price behavior, here’s what might happen during the next five to ten trading sessions:
Bearish forecast: Break below $2.05 → Target $1.86
Bullish forecast: Bounce above $2.10 → Target $2.30
Neutral forecast: Stabilization between $2.00 and $2.15
Considering the Relative Strength Index and price movement, the bearish outlook seems more likely currently unless trading volumes rise in the coming days.
The price of XRP is holding support at $2.05. While a bounce is possible, the overall momentum is weak, and buyers are clearly hesitant. If you are considering entering, wait for a clear signal above $2.10 with increased trading volume. Otherwise, prepare for a potential drop towards $1.86 before any significant recovery.