Ripple (XRP) Price Shows Strength, Will it Continue to Rise in June 2025?

Updated

May 30, 2025

Gambar Ripple (XRP) Price Shows Strength, Will it Continue to Rise in June 2025?

Jakarta, Pintu News – After experiencing a decline, the price of Ripple is now starting to show signs of recovery. With strong support at several critical junctures, Ripple (XRP) has the potential to surge past existing resistance.

Ripple (XRP) Price Recovery

The price of Ripple (XRP) recently found support at $2,220 after experiencing a decline. Unlike Bitcoin and Ethereum , Ripple (XRP) is starting to show a wave of recovery.

The price managed to break the resistance of $2.2650 and $2.280. This rise was also supported by the penetration above the 50% Fibonacci retracement level of the decline that occurred from the high of $2.3540 to the low of $2.2279. Additionally, there was also a break of the bearish trend line with resistance at $2.2920 on the hourly chart of the Ripple (XRP)/USD pair.

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Resistance Faced

Despite the recovery, Ripple (XRP) is facing strong resistance near the $2.30 level. Currently, the price is moving below $2.320 and the 100-hour simple moving average. If the price can break to the upside, the next resistance is at $2.3250, which is adjacent to the 76.4% Fibonacci retracement level of the previous decline.

The first major resistance is at $2.3350, followed by $2.350. If Ripple (XRP) manages to cross $2,350, the price could move towards $2,40. Further upside might push the price towards $2,420 or even $2,450 in the short term. The next major resistance for the bulls is $2,50.

Downside Potential

If Ripple (XRP) fails to break the $2.320 resistance zone, there is a possibility that the price will drop again. Initial support lies near $2.280, with the next major support at $2.260. A downward break and close below $2,260 could cause the price to continue declining towards the $2,2320 support. The next major support is located in the $2.20 zone.

Conclusion

With favorable technical indicators, such as MACD being in the bullish zone and RSI above 50, Ripple (XRP) has the potential to recover further. However, it is necessary to watch out for a potential downside if it cannot break the existing resistance.

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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. Crypto trading activities are subject to 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.