Ripple (XRP) price in free fall, will it continue to lose? Resistance & Potential Recovery (6/3/25)

Jakarta, Pintu News – After experiencing a sharp drop below the $2,650 resistance, the price of Ripple (XRP) is now in a consolidation phase of losses and may face resistance in the $2,550 zone.

Current State of the Ripple (XRP) Market

The price of Ripple (XRP) recently experienced a drop from the $3.00 resistance, similar to Bitcoin (BTC) and Ethereum (ETH). This decline surpassed the $2.80 and $2.60 levels. Sellers managed to push the price below the 50% Fibonacci retracement level of the rise from the $1.95 low to the $3.00 high.

However, buyers started to show up at the $2.20 support zone, where the price started to attempt a recovery above $2.30. Currently, the price is trading above $2.40 and the 100-hour simple moving average. There is also a short-term rising channel formed with support at $2.40 on the hourly chart of the Ripple (XRP)/USD pair.

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Resistance and Recovery Potential

On the upside, Ripple (XRP) may face resistance near the $2,550 level. The first major resistance is near the $2,650 level, followed by $2,750. If the price manages to cross the $2,750 resistance, it could push the price towards the $2.80 resistance. Further upside could take the price towards the $2,880 or even $2,920 resistance in the near term. The next big hurdle for the buyers might be $3.00.

Possible Further Decline

If Ripple (XRP) fails to break the $2,550 resistance zone, the price may see another drop. Initial support on the downside is near the $2.40 level, with the next major support near the $2.320 level.

In case of a downward break and close below the $2.320 level, the price may continue to decline towards the $2.20 support and the 76.4% Fibonacci retracement level of the rise that occurred from the $1.95 low to the $3.00 high. The next major support lies in the $2.120 zone.

Technical Indicators

The hourly Moving Average Convergence Divergence (MACD) indicator for Ripple (XRP)/USD is currently losing momentum in the bearish zone. Meanwhile, the hourly Relative Strength Index (RSI) for Ripple (XRP)/USD is now above the 50 level. The key support levels are $2.40 and $2.320, while the key resistance levels are $2.550 and $2.750.

Conclusion: The Future of Ripple (XRP) Price

With uncertain market conditions, Ripple (XRP) investors and traders should remain vigilant for further price movements. Whether there will be a recovery or a further decline, only time will tell.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. XRP Bulls on Edge. Accessed on March 6, 2025
• Featured Image: Coingape