The XRP/USD quotes end the trading week at a level of 2.1768 and continue their movement within the framework of developing bearish correction and bull channel. Moving averages indicate an ascending trend on the token. Prices are again testing the area between signal lines, which indicates pressure from the buyers of XRP and potential continuation of the growth of the cryptocurrency already at current levels. Within the forecast for XRP from June 2 – 6, 2025, a development of bearish correction is expected with a test of the support zone near 2.0665. From where we should again anticipate an upward bounce and continuation of the growth of the XRP cryptocurrency to the area above the level of 3.0565.
XRP Weekly Forecast June 2 — 6, 2025
Additional signals pointing towards the growth of XRP’s quotations for the current trading week from June 2 to June 6, 2025, will be a test of the support line on the Relative Strength Index (RSI). The second signal in favor of an increase in XRP for the following trading week is a rebound off the lower boundary of the bull channel. Cancellation of the option for the growth of cryptocurrency XRP for the current trading week will be a decline in prices and penetration of the area of 1.9065. This will indicate a breakthrough the support zone and continuation of the XRP/USD quotations’ drop to a target below the level of 1.7005. Confirmation of growth in cryptocurrency will be breaking through the resistance area and closing quotes above the region of 2.7245, indicating a breakout of the upper boundary of the descending channel.
XRP Weekly Forecast June 2 — 6, 2025 anticipates a test of the bearish correction development and a test of the support level near the area of 2.0665. From there, an increase in price quotes can be expected with a potential target at the level of 3.0565. An additional signal for an increase in the XRP price would be testing the trend line on the relative strength indicator. A rejection of the bullish scenario for the crypto currency would be breaking through the area of 1.9065. This will indicate a continuation of the decline with a target below the level of 1.7005.
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