XRP/USD quotes are trading at 2.1798 and continue to move within the framework of the correction and the formation of a “Wedge” reversal pattern. Moving averages indicate a short-term bearish trend for XRP. Prices are again testing the area between the signal lines, which indicates pressure from asset sellers and a potential continuation of the decline in the XRP exchange rate on the market from current levels. As part of the forecast for XRP today, we should expect an attempt to develop a bullish correction of the asset and a test of the resistance level near the 2.3005 area. Further, a rebound downwards and a continuation of the cryptocurrency’s decline to the area below the 1.8205 level.
XRP cryptocurrency forecast for July 2, 2025
An additional signal in favor of a decline in XRP/USD quotes will be a test of the resistance line on the relative strength indicator. A second additional signal in favor of a decline in the XRP rate will be a rebound from the upper border of the “Wedge” reversal pattern. A strong rise and closing above 2.4505 will cancel the possibility of a decline in the cryptocurrency. This will indicate a breakout of the resistance area and a continuation of the rise in XRP/USD quotes to above 2.6505. Confirmation of the digital currency’s decline will be a breakout of the support area and a close below the 2.0865 level, which will indicate a breakout of the lower boundary of the “Wedge” reversal pattern and the beginning of the pattern’s realization with targets below.
XRP cryptocurrency forecast for July 2, 2025 suggests an attempt to test the resistance level near the 2.3005 area. From there, we can expect the cryptocurrency to continue falling with a potential target at 1.8205. An additional signal in favor of a decline in XRP quotes will be a test of the resistance line on the relative strength indicator. A strong growth and a breakout of the 2.4505 area will cancel the decline scenario. In this case, we should expect the digital currency to continue rising with a target above 2.6505.
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