XRP/USD prices are trading at 2.230 and continue their movement within the framework of developing a bullish correction, having left the boundaries of the bullish channel. Moving averages indicate the presence of a short-term bearish trend for XRP. Prices are once again testing the area between signal lines, which indicates pressure from asset sellers and potential continuation of the price drop in the market already at current levels. Within today’s prediction for XRP, anticipating development of the bullish correction of the asset and testing the resistance level near the region of 2.3925 should be expected. Further, a downward bounce and continued crypto currency depreciation to an area below the 1.6755 level.
Cryptocurrency XRP Forecast for June 5, 2025
Additional signals in favor of the decline in XRP/USD quotes will be a test of the resistance line on the Relative Strength Index (RSI) indicator. A second additional signal in favor of decreasing XRP is bouncing off the lower boundary of the bull channel. Cancellation of the option for crypto currency fall would be a strong rise and closing of quotes above the level 2.5805. This will indicate a breakthrough the resistance area and continuation of the growth of XRP/USD quotes in the zone above the level 2.7665. Confirmation of the decline in digital currency rates is a breach of the support area and closing prices below the level 2.0145.
Cryptocurrency XRP Forecast for June 5, 2025 anticipates a test of the support level near the area of 2.3925. From where one should expect a continuation of the crypto currency’s drop with a potential target at the level of 1.6755. An additional signal in favor of decreasing XRP quotes would be testing the resistance line on the Relative Strength Index indicator. A reversal of the decline scenario will occur with strong growth and breaking through the area of 2.5805. In this case, one should expect a continuation of the rise in digital currency with a target above 2.7665.
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