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๏ปฟAnjali Belgaumkar
๏ปฟAnjali Belgaumkar
Author
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto โEnthusiastโ but trust me I'm getting there.
- Jun 11, 2025 04:14 UTC
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Why is XRP Price Going Down Today?
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XRP $ 2.25 (-2.71%) 
XRP dips to $2.28 after Ripple-Guggenheim deal, but strong support at $2.25 could trigger a bullish reversal.
Traders eye June 16 SEC update and upcoming CPI data as potential catalysts for XRPโs next major move.
While most of the top cryptocurrencies, Bitcoin included, seemed to be staging a recovery and returning to the green, XRP price slipped into the red zone. It dropped to 2.28 when Ripple Labs has just announced a major partnership deal with Guggenheim Partners.ย
With the sentiment in the markets improving, this unexpected drop is leaving many traders caviling. From a technical perspective, however, there is still some good news for XRPโs holders, as they believe it is currently capped above $2.25, which is a crucial Fibonacci retracement level and an important support area.ย
XRP historically tends to rebound from this regionโproof that markets do behave in a recurrent manner. For the time being, this zone is likely to act as a buffer for the token.
On-chain activity is starting to pick up as well. Supporters are particularly focused on June 16, a date that has become synonymous with possible resolutions in the Ripple vs SEC saga. Quite a number of people seem to believe that a favorable outcome could serve as a very strong catalyst for XRP’s next move.
XRP Price Prediction: Whatโs Next?
From a technical point of view, XRP is trying to recover from a key support zone in the range of $2.10 and $2.25. Immediate resistance levels are marked at $2.34 and $2.44, with stronger resistance near $2.60. Analysts are looking for a possible double bottom pattern forming on the charts, which would be a bullish pattern if confirmed in the
On shorter timeframes, particularly the 8-hour chart, XRP is showing signs of a bullish divergence. While the price has slipped, momentum indicators like the RSI are quietly trending higher, suggesting a possible price bounce in the near term.
However, one wildcard could shake things up โ the upcoming U.S. CPI inflation data set to be released within the next 24 hours. Depending on how those numbers land, short-term market sentiment across crypto, including XRP, could shift quickly.
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FAQs
XRP fell to $2.28 despite the deal, likely due to broader market volatility and profit-taking near a key resistance zone.
A favorable SEC ruling on June 16 could be a major bullish catalyst and drive XRP’s price higher.
Yes, CPI data may influence crypto sentiment; high inflation could cause short-term volatility in XRP and other assets.
Yes 
No 
