XRP/USD quotes are at 2.2427 and continue trading within the scope of a correction development, having left the boundaries of the bull channel. Moving averages indicate a short-term bearish trend for XRP. Prices are once again testing the area between signal lines, which indicates seller pressure on the asset and potential continuation of the XRP price drop on the market from current levels. In terms of today’s forecast for XRP, it is expected to see an attempt at developing a bearish correction of the asset with a test of resistance level near the 2.2765 area. Subsequently, a downward bounce and further decline in the cryptocurrency to an area below the 1.7265 level.
Cryptocurrency XRP Forecast for June 4, 2025
Additional confirmation of the decline in XRP/USD quotes would be a test of the resistance line on the Relative Strength Index (RSI) indicator. A second additional confirmation for reducing XRP is a rebound from the upper border of the bear channel. Cancellation of the option for cryptocurrency depreciation would be a strong rise and closing quotes above the level of 2.5565. This will indicate a breach of the resistance area and continuation of XRP/USD quotes growth in the region above 2.8505. Confirmation of the decline in the value of digital currency would be a breach of the support zone and closing prices below the level of 2.0305.
Cryptocurrency XRP Forecast for June 4, 2025 anticipates a test of the support level near the area of 2.2765. From there, one should expect further decline in cryptocurrency with a potential target at the level of 1.7265. An additional signal in favor of decreasing XRP quotes would be testing the resistance line on the relative strength indicator. A rejection of the downside price scenario will come with a strong growth and break through the area of 2.5565. In this case, one should anticipate continued rising of the digital currency with a target above 2.8505.
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