For $XRP today, June 6, 2025, current sentiment suggests consolidation with mixed signals.
Short-Term (Scalp): XRP is hovering around $2.12-$2.14. A short-term trading plan might target an entry around $2.10-$2.12 (near MA-7 support). Target resistance levels are $2.15 (MA-25) and $2.18-$2.19 (MA-99). A tight stop-loss below $2.05 is crucial due to current volatility.
Swing Trade Outlook: For a swing trade, watch for a decisive breakout above $2.15 to confirm upward momentum towards $2.19 and potentially $2.28 (24H high). Conversely, a rejection at resistance could send it back to the $2.10 support. Keep an eye on ongoing regulatory news and Ripple's stablecoin developments (like RLUSD), which could provide fundamental impetus. Derivatives data shows some downside risk, but long-term sentiment remains bullish for XRP.
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