The price of XRP is once again under pressure, currently trading at $2.066 on the daily chart. After failing to sustain momentum above $2.50, the asset is now approaching critical support zones. The key question on every investor’s mind: will XRP hold its ground or face further downside in the coming days? In this in-depth analysis, we’ll decode the latest technical signals, evaluate key indicators, and provide a data-driven price forecast for XRP. Our previous assessment had already flagged signs of weakening bullish momentum — and those concerns are now materializing.
XRP Price Forecast: Is the Bullish Momentum Crumbling?
XRP/USD Daily Chart – TradingView Insights
The daily XRP/USD chart paints a clearly bearish picture, particularly when viewed through Heikin Ashi candles. A series of red candles without upper wicks indicates strong selling pressure and minimal buyer resistance. XRP has failed to close above $2.10 for several consecutive sessions — a bearish signal made more significant as a former support level now acts as resistance.
The Relative Strength Index (RSI) stands at 35.49, well below the neutral 50 threshold. This reflects weakening momentum, and without a swift rebound, XRP risks entering oversold territory (below 30), potentially triggering panic selling among leveraged traders.
Despite the current pullback, XRP continues to trade above $2.00 — still representing a gain of over 300% from its pre-rally base levels seen before the November 2024 surge. Early investors who entered at lower prices are now sitting on substantial profits, creating a natural incentive for profit-taking.
Data from early June shows that early holders began selling at an average rate of $68.8 million per day (7-day SMA), signaling significant selling pressure and a broader redistribution of tokens from long-term holders to new market participants.
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Key Support and Resistance Levels to Watch
A Fibonacci retracement from the November 2024 low of $1.50 to the May 2025 high of $2.87 reveals the following critical levels:
- Support 1: $2.05 (61.8% retracement)
- Support 2: $1.86 (78.6% retracement)
- Psychological Support: $2.00
A break below $2.05 could open the door for a retest of the $1.86 level — an approximate 8.3% downside from current levels.
On the upside, resistance zones to monitor include:
- $2.10 — immediate hurdle
- $2.30 — potential short-squeeze catalyst
- $2.50 — key psychological barrier
A decisive breakout above $2.30 could attract renewed buying interest and trigger short covering, reigniting bullish momentum.
Could an XRP Rebound Be on the Horizon?
While current signals lean bearish, XRP has historically demonstrated resilience around the $2.00 mark, often staging sharp reversals from this zone. A double bottom formation or bullish RSI divergence could pave the way for a move back toward $2.30 — offering a potential upside of 11.3% from current levels.
However, such a reversal would require strong and sustained buying pressure to restore market confidence. A key signal to watch for is a long-bodied green Heikin Ashi candle, which would suggest sellers are losing control and buyers are stepping in decisively.
XRP Price Outlook: What’s Next This Week?
XRP is currently at a pivotal juncture. Based on current technical structure and momentum, three primary scenarios could unfold over the next 5 to 10 days:
- Bearish Scenario: Breakdown below $2.05 → Target: $1.86
- Bullish Scenario: Sustained rebound above $2.10 → Target: $2.30
- Neutral Scenario: Range-bound consolidation between $2.00 and $2.15
Given the subdued RSI and lack of volume confirmation, the bearish scenario appears most probable in the short term — unless a sudden surge in buying activity shifts sentiment.
XRP is barely holding above the $2.05 support level. While a bounce is possible, momentum remains weak, and buyers are staying cautious. If you're considering entering a position, wait for a clear breakout above $2.10 accompanied by rising volume. Alternatively, traders with higher risk tolerance might look to accumulate near the $1.86 support zone if the breakdown occurs.
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Frequently Asked Questions (FAQ)
Q: Is XRP a good buy right now?
A: It depends on your risk tolerance and strategy. With XRP near key support at $2.05, there’s potential for a bounce — but confirmation above $2.10 with strong volume is needed before considering an entry. Conservative investors may prefer to wait for clearer bullish signals.
Q: What is the next major support level for XRP?
A: The next significant support lies at $1.86, based on Fibonacci analysis. A break below $2.05 could accelerate selling toward this level.
Q: Can XRP recover to $2.50 in the near term?
A: A move to $2.50 is unlikely without first reclaiming $2.30 on strong volume. The path back to $2.50 would require renewed market confidence and reduced selling pressure from early holders.
Q: Why is the RSI important for XRP analysis?
A: The RSI helps identify overbought or oversold conditions. At 35.49, XRP is approaching oversold territory, which could precede a bounce — but without buying pressure, oversold doesn’t always mean immediate reversal.
Q: How does profit-taking affect XRP’s price?
A: Large-scale profit-taking by early investors increases supply in the market, often leading to downward pressure. The observed $68.8 million daily sell-off suggests active redistribution, which can delay sustained rallies.
Q: What technical pattern could signal a bullish reversal in XRP?
A: Look for a double bottom formation near $2.00 or a bullish RSI divergence — where price makes lower lows but RSI makes higher lows — as early signs of trend exhaustion and potential reversal.
Final Thoughts: Strategic Moves Ahead
XRP remains in a make-or-break phase. The battle between buyers defending key support and sellers locking in profits will define its near-term trajectory. While fundamentals and long-term adoption narratives remain relevant, technical structure currently dominates price action.
For traders, patience is key. Avoid chasing entries without confirmation. Wait for either a clean break above resistance or a tested bounce from strong support.
Whether you're a long-term believer or a short-term trader, staying informed and disciplined is crucial in volatile markets like this.
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