The XRP price is once again under pressure, currently valued at $2.066 on the daily chart. After failing to sustain above $2.50, the token is now approaching critical support zones. The burning question: Will XRP hold firm or decline in the coming days? In this article, we decode the latest chart signals, analyze technical indicators, and provide a data-driven price forecast.
XRP Price Forecast: Is the Bullish Momentum Crumbling?
Key Observations from the Daily Chart (XRP/USD)
- A clear downtrend is visible via Heikin Ashi candlesticks, with red candles indicating strong selling pressure.
- XRP has struggled to close above $2.10 for multiple sessions—a bearish sign as former support turns into resistance.
- The RSI (35.49) suggests weakening momentum, nearing oversold territory (<30), which could trigger panic selling.
Despite the 300% rally since November 2024, profit-taking by early holders has intensified (averaging $68.8M/day in June), redistributing tokens to new investors.
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Critical Support & Resistance Levels
Fibonacci retracement (from $1.50 low to $2.87 peak) highlights:
- Support 1: $2.05 (0.618 retracement)
- Support 2: $1.86 (0.786 retracement)
- Psychological Support: $2.00
Resistance Levels:
- Immediate: $2.10
- Key: $2.30 (potential short-squeeze trigger)
A drop below $2.05** could push XRP toward **$1.86 (–8.33%). Conversely, a rebound above $2.10** with rising volume may target **$2.30 (+11.33%).
XRP Price Prediction: 3 Scenarios for the Coming Week
- Bearish: Break below $2.05 → Target **$1.86**.
- Bullish: Rebound above $2.10 → Target **$2.30**.
- Neutral: Consolidation between $2.00–$2.15.
Given the RSI and price action, the bearish scenario seems most likely unless volume spikes.
FAQs
Q: Is XRP a good buy now?
A: Wait for confirmation above $2.10** or a dip near **$1.86 for lower-risk entries.
Q: What’s driving XRP’s price down?
A: Profit-taking and weak bullish momentum post-rally.
Q: Can XRP rebound quickly?
A: Yes, if buyers defend $2.00 and RSI shows bullish divergence.
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How to Buy XRP (Simplified Steps)
- Sign up on a trusted exchange.
- Complete KYC for security.
- Deposit funds via card, bank transfer, or crypto.
- Trade XRP using spot or futures markets.
Final Note: Monitor volume and key levels closely. XRP’s volatility demands patience for optimal entries.