Price $XRP
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 hold steady or drop in the coming days? In this article, we analyze the latest chart signals, analyze 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 $XRP losing its bullish strength?
XRP/USD Daily Chart
Heikin Ashi candles clearly show a continuing 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 considering the previous support has turned into resistance.
The Relative Strength Index (RSI) is currently at 35.49, well below the neutral 50 area. This indicates weak momentum, and unless a bounce occurs soon, the price $XRP may slip into the oversold region (below 30), increasing the risk of panic selling.
XRP is currently trading above $2, 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 realizing significant profits, resulting in a noticeable wave of profit-taking.
In early June, data shows that early holders began distributing their holdings at an average rate of $68.8 million per day (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 key support and resistance areas?
The Fibonacci retracement from the swing low near $1.50 to the May high at $2.87 shows key levels that the market is currently testing.
Support Zone 1: $2.05 (Correction 0.618)
Support Zone 2: $1.86 (Correction 0.786)
Key psychological support: $2.00
If the price of Ripple fails to hold at $2.05, we may see a retest of the $1.86 area. This represents a decrease 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 may trigger short covering and attract new buyers.
Can the price of Ripple bounce back?
While the current structure favors declines, Ripple has a history of quick reversals near the $2 level. If the price forms a double bottom or shows bullish divergence in the Relative Strength Index, it is likely to bounce toward $2.30. If #XRP can reclaim $2.30, we may see a price increase of 11.33%.
But to achieve this, buyers must intervene quickly to prevent further erosion of confidence. Watch for a long-bodied green Heikin Ashi candle - this may 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 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, bearish forecasts seem more likely currently unless trading volumes increase 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 decline toward $1.86 before any significant recovery.
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