XRP/USD quotes are trading at 2.1952 and continue to move within the correction and downward channel. Moving averages indicate a short-term bearish trend for XRP. Prices have broken through the area between the signal lines, indicating 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 2.2665 area. Further, a rebound downwards and a continuation of the cryptocurrency’s decline to the area below the 1.9405 level.
XRP Cryptocurrency Forecast for June 6, 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 XRP will be a rebound from the upper border of the bearish channel. A strong growth and closing of quotes above the level of 2.3505 will cancel the scenario of a decline in the cryptocurrency. This will indicate a breakout of the resistance area and a continuation of the growth of XRP/USD quotes to an area above the level of 2.5665. Confirmation of the decline in the digital currency rate will be a breakout of the support area and the closing of prices below the level of 2.0565, which will indicate a breakout of the lower border of the bullish correction channel.
XRP Cryptocurrency Forecast for June 6, 2025suggests an attempt to test the support level near the 2.2665 area. From there, we can expect the cryptocurrency to continue falling with a potential target at 1.9405. 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 2.3505 area will cancel the decline scenario. In this case, we should expect the digital currency to continue rising with a target above 2.5665.
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