XRP’s Critical Juncture: Will It Rebound or Slide Further?
XRP has experienced a challenging week, with its price dropping over 7% and breaching key support levels. Currently trading around $2.15, the cryptocurrency failed to maintain the $2.23 threshold, raising concerns of a further decline to $1.96 if bullish momentum doesn’t emerge. Market activity shows a significant drop in interest, with spot trading volume down 37% to $1.51 billion, and derivatives markets reflecting a similar downtrend. This article delves into XRP’s current situation, analyzing whether it can recover or if more losses are ahead.
Is XRP the Sleeper Hit of the Week? Price Prediction Inside
XRP faces a turbulent week, shedding over 7% of its value and breaching critical support levels. The cryptocurrency now hovers NEAR $2.15 after failing to hold the $2.23 threshold—a breakdown that could precipitate a slide toward $1.96 if bullish momentum doesn’t materialize.
Market activity reflects waning interest, with spot trading volume down 37% to $1.51 billion. Derivatives markets echo this trend: open interest dipped to $3.9 billion as futures volume contracted by 37.85%. Technical indicators paint a bearish picture—the RSI nears oversold territory at 40.82, while MACD and moving averages predominantly signal sell conditions. Only the 200-day EMA suggests lingering long-term optimism.
Despite the downturn, options traders on Deribit maintain bullish positions, with concentrated call options at $4 strikes signaling latent confidence in a rebound. The emergence of a doji candlestick hints at market indecision, leaving XRP at a crossroads between renewed rally and extended decline.
XRP Turns 13: Ripple Celebrates With Major Token Movements
Ripple marked XRP’s 13th anniversary by transferring over 600 million tokens in a series of strategic wallet movements. The activity, detected by Whale Alert, began with a 330 million XRP shift from an unknown wallet to Ripple’s internal ’Ripple 26’ address—later confirmed as an internal reallocation to ’Ripple 1’. Within minutes, another 170 million tokens followed.
The company subsequently locked 670 million XRP in escrow, continuing its monthly routine though with altered timing. Recent months have seen Ripple deviate from its standard protocol of releasing 1 billion tokens on the first of each month, opting instead for preliminary wallet shuffles before escrow operations.
Top 3 Reasons Why XRP Price Rally is Possible in June 2025
Historically, June has been a challenging month for XRP investors, with an average return of -8.49% over the past 11 years. Selling pressure and bearish sentiment have often dominated. Yet, crypto analyst Cekky Crypto suggests this June could defy tradition, marking a turning point for XRP.
Three catalysts could propel XRP beyond its long-held range. First, the SEC’s decision on Franklin Templeton’s Spot XRP ETF looms. Approval WOULD open the door for institutional and retail investors to access XRP through traditional brokerage platforms—bypassing the need for crypto wallets. Analysts draw parallels to Bitcoin’s ETF-driven surge past $100,000 in early 2024.
Second, the Federal Reserve’s FOMC meeting on June 17–18 could deliver a rate cut. Even a modest 25 basis point reduction might flood risk assets like altcoins with liquidity. Rate cuts have historically ignited rallies in tech stocks and cryptocurrencies, with XRP positioned as a potential standout.
Third, Ripple’s anticipated updates to the XRP Ledger promise game-changing utility and adoption. While details remain under wraps, the upgrades could unlock new use cases, further fueling bullish momentum.
XRP Price Drops Below $2.30 Amid Growing Selling Pressure
XRP, once a standout performer among altcoins, has succumbed to renewed selling pressure after breaching the critical $2.30 support level. The cryptocurrency’s failure to hold gains near $2.60 in early May triggered a retreat to $2.05, leaving traders questioning whether a drop to $2.00 or lower looms.
April’s brief recovery—marked by a reclaiming of key trendlines—had fueled hopes for a sustained bullish reversal. Instead, XRP settled into a frustrating range between $2.05 and $2.60, with the $2.27 midpoint emerging as a pivotal battleground. That floor has now given way, with technical indicators flashing warnings of accelerating capital outflows.
Regulatory developments provided no respite. A surge in open interest to nearly $5 billion, driven by the SEC’s review of the WisdomTree XRP Trust, failed to translate into lasting momentum. The market’s tepid response underscores the weight of broader bearish sentiment currently overshadowing speculative catalysts.
