Price Analysis View Non-AMP

Why XRP Price Is Down Today?

Published by
Shrishesh Tanksalkar

The XRP price today is down, potentially influenced by the ongoing complications in the Ripple vs SEC settlement. Meanwhile, analysts expect the downturn to be caused by Bitcoin approaching the crucial $105,000 level, which may pose risks to the broader crypto market if it faces heavy rejection or sudden volatility.

How Is XRP Doing Today?

At press time, XRP is changing hands at $2.42, with a 3.50% daily loss, and a market capitalization of $142.04 billion. Short-term traders seem to have ceased the buying opportunity, as the 24-hour trading volume is up by 19.52%, sitting at $5.75 billion.

As visible on the daily chart, XRP is moving within a rising channel pattern, suggesting a mid-term bullish outlook. However, a minor pullback from the upper resistance line near $2.60 has taken the price closer to the midline support zone around $2.42–$2.35.

The RSI is hovering around 56.91, just below the signal line of 57.67. While still in the neutral zone, the RSI shows signs of bearish divergence after peaking above 70 earlier this week, suggesting the potential for more downside unless bulls regain control.

Where Is XRP Heading Next?

A break below the $2.35 support could lead to a steeper correction toward the lower trendline near $2.20 or even $2.00. On the upside, a strong surge above $2.51 and ultimately $2.60 could reinstate bullish momentum, possibly aiming for $2.80.

Keen on long-term XRP price target? Read our Ripple XRP Price Prediction 2025, 2026-2030!

FAQs

Is XRP still in a bullish trend?

Yes, XRP is currently in a rising channel, which is typically a bullish pattern. However, near-term indicators show potential weakness.

What happens if the XRP price falls below $2.35?

A break below $2.35 may trigger a decline toward $2.20 or the lower channel support around $2.00.

How much is 1 XRP right now?

The price of 1 XRP at the time of press is at $2.42, with a change of -3.50% in the past 24 hours.

Shrishesh Tanksalkar

Recent Posts

Ethereum (ETH) Price Prediction: Can Rising Demand from BlackRock Fuel Bullish Momentum?

Ethereum (ETH) price experienced a similar volatility to Bitcoin (BTC) in the past 24 hours,…

June 7, 2025

Bitcoin (BTC) Price Analysis: Dead Cat Bounce or Full Blown Rebound?

After a major downfall in the relationship between the two most powerful pro-crypto individuals, Elon…

June 7, 2025

World Liberty Announces Strategic Acquisition of Official Trump ($TRUMP) and the Closure of Trump Meme Wallet

Eric Trump, the Executive Vice President of the Trump Organization, has announced a strategic partnership…

June 7, 2025

Top Layer 2 Tokens Set to Rise Once Ethereum (ETH) Price Reaches $3000

Layer 2 tokens often derive their value from the Ethereum ecosystem, as they rely on…

June 7, 2025

Gemini Takes Step Toward IPO in Confidential Filing: Crypto IPOs Heat Up

Gemini Space Station, Inc., a well established cryptocurrency exchange by the Winklevoss brothers, has filed…

June 7, 2025

What is the Best Cryptocurrency to Invest in Now? Deep Dive into the Top Crypto to Buy Today for 2025 Bull Run

As the crypto market gains momentum heading into mid-2025, investors are wondering what is the…

June 6, 2025