XRP/USD quotes are at the level of 2.1305 and continue to move within the framework of price drop development and a descending channel. Moving averages indicate the presence of a short-term bearish trend on XRP. Prices broke through the area between signal lines downwards, which indicates pressure from asset sellers and potential continuation of XRP’s decline in the market already at current levels. Within today’s forecast for XRP, it is expected that there will be an attempt to develop a bullish correction of the asset and testing the resistance level close to the region of 2.2365. Further, a downward bounce and continuation of the cryptocurrency’s drop below the level of 1.8805.
Cryptocurrency XRP Forecast for June 3, 2025
Additional indicators of a drop in the XRP/USD prices would be testing the resistance line on the Relative Strength Index (RSI) indicator. A second additional indicator pointing to XRP’s decline is a bounce off the upper border of the bear channel. The rejection of the downward scenario for the cryptocurrency will be a strong rise and closing prices above 2.3665 level. This would indicate breaking through the resistance area and continuing growth in the XRP/USD price range up to the 2.4805 level. Confirmation of the fall in the digital currency’s value would come with breaking through the support zone and closing prices below the 2.0765 level.
Cryptocurrency XRP Forecast for June 3, 2025 predicts a test of the support level near the area of 2.2365. From where one should expect further decline in the cryptocurrency with a potential target at the level of 1.8805. An additional signal for decreasing the XRP price will be testing the resistance line on the relative strength indicator. Cancellation of the option to decrease prices will be a strong rise and breakout of the area of 2.3665. In this case, one should expect continued uplift in the digital currency with a target above 2.4805.
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