News View Non-AMP

XRP Price News Today: Will Ripple Drop Below $2?

Published by
Anjali Belgaumkar

Ripple’s XRP is currently trying to bounce back above important resistance levels. The altcoin has gained more than 1% in the last 24 hours and is now trying to climb above the $2.30 mark. However, an analyst has warned that XRP is still in the midst of a bearish divergence, a pattern that has been developing for months. 

Despite some short-term bounces and signals of oversold conditions offering minor support, there has been no indication of a major bullish rally for XRP

Short-Term Support and Resistance Levels

Looking at XRP’s 8-hour chart, the price recently tested an area that was previously resistance, which is now acting as support in the range of $2.25 to $2.30. Although there was a slight dip below $2.25, reaching as low as $2.23-$2.24, the price is still attempting to hold this support level. If the price begins to reject this area and it flips back into resistance, it could see further downward movement. In that case, the next support zone lies between $1.95 and $2.05.

Source : Coinpedia Markets

For the time being, XRP remains supported around $2.25 to $2.30. If there is another bounce in this range, resistance is expected just under $2.50, with stronger resistance between $2.65 and $2.80. However, it’s important to manage expectations and not anticipate a major breakout in either direction in the immediate future.

Sideways Price Action: A Period of Consolidation

Over the past month, XRP has been stuck within a sideways price range, bouncing between support and resistance without clear momentum. This type of price action often leads to a sense of stagnation, causing many traders to lose interest and exit the market. However, it is mostly during such periods of consolidation that the most valuable opportunities often arise. Historically, these quiet phases are followed by more big price movements.

FAQs

Can XRP hit $20?

XRP reaching $20 would require massive adoption, regulatory clarity, and a strong bull market, making it a long-term possibility.

Is XRP a strong buy?

XRP is in consolidation; it’s not a strong buy yet. Traders should watch for breakouts above key resistance levels before entering.

Anjali Belgaumkar

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 “Enthusiast” but trust me I'm getting there.

Recent Posts

Pi Network Users Unite Against Binance Listing, Say It Shouldn’t Happen

An account dedicated to posting news and updates about Pi Network recently ran a poll…

June 3, 2025

Best Crypto to Buy Now: Altcoin Season Heats Up with Ethereum Leading the Charge

Ethereum posts first monthly positive returns in 2025 following whale and ETF buying pressure, surging…

June 3, 2025

XRP News: Nasdaq Firm VivoPower to Launch $100M XRP Strategy

XRP has changed the tone of big institutions who thought Bitcoin is the only assets…

June 3, 2025

Crypto News: Binance to List Hyperliquid ($HYPE), Will the 63% Average Token Surge Repeat?

Binance U.S. is all set to launch spot trading for Hyperliquid (HYPE) soon. HYPE is…

June 3, 2025

Ripple News: John Deaton Says XRP ETFs Are Coming

BitGo, a leading crypto custody and trading firm, has entered a strategic partnership with VivoPower.…

June 3, 2025

XRP Price Prediction For June 3

XRP’s price has been under pressure lately, with the token stuck in a bearish trend.…

June 3, 2025