What’s the next big move?
Price $XRP
$XRP
2.2055
+5.12%
It is under pressure again, having fallen 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 hold steady or 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 bullish strength.
XRP price forecast: Is it losing its bullish strength?
XRP/USD Daily Chart
Heikin Ashi candles clearly show a continued bearish 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 considering the previous support has turned into resistance.
The Relative Strength Index (RSI) is currently at 35.49, well below the neutral 50 zone. This indicates weak momentum, and unless a rebound occurs soon, the price of XRP may slip into the 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 low ranges are now making significant profits, leading to a noticeable wave of profit-taking.
In early June, data shows that these early holders began distributing their holdings at an average rate of $68.8 million per day (the 7-day simple moving average), indicating an important phase of selling pressure and potential redistribution of tokens from long-term holders to new market participants.
Where are the main support and resistance areas?
The Fibonacci retracement from the swing low near $1.50 to the May high at $2.87 shows key levels the market is currently testing.
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 stimulate short position covering and attract new buyers.
Can the price of Ripple rebound?
While the current structure favors declines, Ripple has a history of quick reversals near the $2 level. If the price forms a double bottom structure or shows bullish divergence in the Relative Strength Index, it is likely to rebound towards $2.30. If #XRP can reclaim $2.30, we may see a price increase of 11.33%.
However, to achieve this, buyers must intervene quickly to prevent further erosion of confidence. Watch for a long-bodied green Heikin Ashi candle - this could indicate seller exhaustion.
Price forecast for #XRP: What is likely this week?
The current chart shows that the price of XRP is at a critical moment. Based on 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: Rebound above $2.10 → target $2.30
Neutral forecast: Stabilization between $2.00 and $2.15
Considering the Relative Strength Index and price action, bearish forecasts currently seem more likely unless trading volumes increase in the coming days.
XRP price is holding support at $2.05. While a rebound is possible, overall momentum is weak, and buyers are clearly hesitant. If you're considering entering, wait for a clear signal above $2.10 with increased trading volume. Otherwise, prepare for a potential decline towards $1.86 before any significant recovery.
