XRP Price Prediction For June 12: Will the Bulls Break Out or Face Rejection?

XRP teeters on a knife''s edge as traders brace for a potential breakout—or another brutal rejection. Here''s what the charts scream ahead of June 12.

Technical Tug-of-War

The token coils between support and resistance like a spring under tension. Fibonacci levels hint at a make-or-break moment, while RSI flirts with overbought territory. No clear signals—just pure, unfiltered crypto volatility.

Market Sentiment Split

Whales accumulate while retail hesitates. Exchange outflows suggest big players are betting long, but social volume flatlines. Classic divergence that either foreshadows a pump... or a trap.

Regulatory Wildcard

SEC lawsuit PTSD lingers like bad elevator music. Any surprise legal news could torch the charts faster than a DeFi rug pull. Because nothing says ''financial innovation'' like lawyers deciding price action.

Bottom Line: XRP either cracks $0.55 and rallies hard, or gets rejected harder than a bank loan applicant with 300 credit score. Place your bets—the casino stays open 24/7.

The price of XRP is showing signs of a bullish recovery, with analysts watching levels for an upside breakout. After forming a low around April 7th, XRP has been gradually working through a corrective phase, and recent price action hints a rebound may be in play.

Current Market Structure

On the daily time frame, XRP is holding firm above critical support between $2.05 and $2.10. At the same time, it’s facing resistance between $2.35 and $2.36. A decisive breakout above $2.35 WOULD open the door to higher targets at $2.44 and potentially $2.60 in the short term.

A bullish W-shaped double bottom pattern appears to be forming, further supporting the case for an upward MOVE if resistance levels are cleared.

Elliott Wave Structure Suggests Rebound Potential

Analysts identified a WXY correction from the January highs that likely bottomed out on April 7th. From that low, XRP completed a five-wave advance, followed by a corrective three-wave pullback, a classic pattern signaling a potential larger bullish structure ahead.

Now, price action suggests the possibility of a new five-wave move up developing. Support is currently tracked at $2.22, $2.15, and $2.11. A drop below $2.11 would weaken the short-term bullish case and shift focus toward the next major support NEAR $1.95.

Rising Funding Rates Could Trigger a Drop

While the price is staying above support levels, the cost for traders to hold long positions (called funding rates) is quietly going up.

Right now, the funding rate is at 0.01% every 8 hours, but if it rises to 0.02% or more without the price moving higher, there’s a good chance the price could drop. If XRP falls below $2.25, it could drop to $2.01, $1.90, or even $1.55.

The good news is that this dip might create the perfect setup for a strong comeback, with a big breakout possibly on the way after that.