Analysts Predict XRP Price to Fall Again, Can XRP’s Key Support Hold?

Jakarta, Pintu News – XRP, one of the popular cryptocurrencies, has recently experienced a significant price drop. After failing to break through resistance at $0.3250, XRP has fallen sharply past several key support levels. Now, investors and analysts are watching to see if the current support can defend the price from further declines.

Introduction: Current Market Conditions

The price of XRP experienced a deep drop, breaking below the $0.2800 and $0.2620 zones. This decline continued below $0.20, bottoming out at $0.2081 before consolidating. Currently, XRP is trying to recover some of its losses, with a slight rise above the $0.2120 level. However, challenges still lie ahead with strong resistance near $2.20.

Also Read: Pi Network (PI) Token is Ready to Flood! What Happens If the Price Falls Below IDR6,500?

Technical Analysis: Facing Key Resistance

In the recent movement, XRP attempted to break above the 23.6% Fibonacci retracement level of the last decline that started from $2.3540 to $2.2081. However, the current price is still below $2,220 and the 100-hour simple moving average.

There is a bearish trend line forming with resistance at $2,2180, which is adjacent to the 50% Fibonacci retracement level. If XRP can cross the $2,250 resistance, it might pave the way towards the higher resistance level at $2,280 and potentially reach $2,30 or even $2,3250 in the short term.

Potential Downside: What Happens If Support Fails?

If XRP is unable to break through the $2,220 resistance zone, there is a possibility that the currency will see a further decline. Initial support lies near $2,1250, with the next major support at $2,080. A break below this level could trigger a further decline towards support at $2,050, and if selling pressure persists, prices could reach the $2,00 zone.

Technical Indicators: Bearish Signals Strengthen

The MACD (Moving Average Convergence Divergence) indicator for XRP/USD is currently showing acceleration within the bearish zone, signaling that there may still be selling pressure. Meanwhile, the RSI (Relative Strength Index) is below the 50 level, which also supports a bearish outlook. Investors and traders should pay attention to these indicators to get a better understanding of the current market momentum.

Conclusion: The Future of XRP Price

With challenges faced at various resistance levels and technical indicators trending bearish, the future of XRP price still seems to be full of uncertainties. Market participants should remain vigilant and consider possible scenarios, be it a recovery or further decline, as the overall crypto market develops.

Also Read: XRP is in Freefall! Is This a Sign of a Big Storm in the Crypto World?

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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.

Reference

• NewsBTC. XRP Price at Risk of More Losses Below $2,080. Accessed on June 3, 2025
• Featured Image: Bitcoin News