XRP Price Outlook: Will June 3 Bring a Breakout or Another Wall Street Letdown?
XRP traders brace for another rollercoaster week as the crypto faces make-or-break technical levels. Here’s what the charts—and the suits—aren’t telling you.
Bullish signals clash with regulatory fatigue as Ripple’s ongoing SEC saga continues to cast shadows. Meanwhile, institutional money plays hopscotch with retail sentiment.
Key resistance levels loom like a banker’s bonus promise—tempting but historically unreliable. Will this be the week XRP finally shakes off its ’forever bridesmaid’ status in the crypto race?
XRP’s price has been under pressure lately, with the token stuck in a bearish trend. The price recently broke below an important support zone, and while it found temporary support between $2.10 and $2.20, the overall momentum remains weak.
Short-Term Bounce Attempt
In the short term, XRP is attempting a small bounce from this support area. If the price manages to climb, it will first face resistance around $2.30 to $2.34. A stronger resistance level sits higher at $2.44, with major resistance between $2.55 and $2.62. But so far, no clear signs of a strong recovery have appeared on the charts.
Potential Bearish Pattern Forming
There’s also a risk of a head and shoulders pattern forming, a classic bearish signal that could push the price lower if it completes. For now, this pattern hasn’t been confirmed yet — but traders should watch for it over the next few days.
Key Support Levels to Watch
Looking at the downside, if XRP fails to hold above $2.10, the next support WOULD be near $2.05, and then at $2.00. A decisive drop below $2.00 could send the price tumbling towards $1.80, a crucial support level.
What Needs to Happen for a Bullish Shift?
The overall market mood is still cautious. While XRP is showing short-term signs of trying to stabilize, the trend remains bearish unless it can break above the $2.21 to $2.28 resistance zone. If that happens, it would be the first hint that bulls are attempting a comeback.
