Hit the Brakes, XRP's on a Slide
XRP's Price Drops 7%, Hits Critical Support at $2.139
Here's the lowdown on XRP:
- XRP's price has taken a downturn, falling below the $2.280 zone and currently trading at $2.270, struggling to breach the 100-hour Simple Moving Average.
- A tough trendline has emerged with resistance at $2.270, painted on the hourly chart. Ouch!
- The crypto market witnessed a wave of $657 million worth of liquidations in 24 hours, with XRP accounting for a 6.49% drop. Tough times for traders!
- The Open Interest for XRP dropped by a whopping $140 million in just 17 hours. Looks like some overleveraged positions got flushed out.
- XRP's price has revisited a crucial support level at $2.139. This might provide some breathing room and pave the way for a stable base or even a bottom formation.
Gotta Go My Own Way?
XRP's been showing signs of consolidation but, like a wild horse, it's bucking the trend and slipping further. Bitcoin and Ethereum have also seen declines mirroring XRP's, but XRP's fallen harder.
Looking at the technicals, XRP's battling below $2.270 and the 100-hour SMA, indicating a bearish vibe in the short term. The headache doesn't stop there. A bearish trendline has cropped up on the XRP/USD hourly chart, adding to the misery.
The price plunged to a low of $2.132, showing some rebound around the $2.220 level, breaking past the 23.6% Fibonacci retracement level of the downward wave.
The Grand Finale?
On the upside, XRP's got resistance at $2.2440, close to the 50% Fibonacci retracement level, and a major hurdle at $2.270. If XRP can muster some strength and surpass these obstacles, it might aim for $2.30, $2.320, or even $2.350.
If not, it'll have to deal with faith in support levels around $2.180 and $2.160. Dipping below the latter could push the price towards $2.120, with the next significant support area looming at $2.080.
The Big Question: Will XRP fall to $2?
Bitcoin's performance will have a significant impact on XRP's direction. If Bitcoin recovers, XRP might find a bottom at its current levels. However, if Bitcoin tanks, XRP could slide towards the psychological $2 level.
The battle's far from over. The next chapter unfolds as we watch for signs of stabilization at the $2.139 support level. Keep your eyes peeled!
Closing Notes
The future of XRP is a rollercoaster ride, with a mix of market speculation, potential catalysts, and technical analysis driving the price action. With upcoming developments like X-Payments, ETFs, and regulatory milestones on the horizon, analysts predict a possible breakout, even targeting $25–$75 if everything aligns[1][2].
But let's not forget the jelly to our peanut butter—the ongoing SEC lawsuit against Ripple[2][3][4]. Regulatory clarity in this regard could be a game-changer for XRP. And if we throw in some exciting advancements like AI integration and tokenized asset support at Ripple’s forthcoming summit, the future looks ever brighter[1][2].
Remember, while XRP and Bitcoin have a strong historical correlation[4], XRP-specific events could drive its price independently[4][5]. With the SEC case resolution, new product launches, and ETF introductions on the cards, XRP could surge, regardless of Bitcoin's performance.
So, buckle up, folks! The XRP thrill ride is far from over.
References:
[1] Cointelegraph (2025). XRP Price Prediction: Can Ripple Climb Back to Recent Highs? [https://cointelegraph.com/news/rip-ple-price-prediction-can-ripple-climb-back-to-recent-highs]
[2] Forbes (2025). XRP Price Prediction: Can Ripple Surpass USD 75 by 2025? [https://www.forbes.com/sites/martinstano/2025/05/18/xrp-price-prediction-can-ripple-surpass-usd-75-by-2025/?sh=3ebe08827aea]
[3] Business Insider (2025). Will Ripple's XRP Ever Split from the SEC Case? [https://www.businessinsider.com/what-is-the-rippe-xrp-case-with-the-sec-and-how-could-it-impact-the-crypto-2025-6]
[4] CoinDesk (2025). Bitcoin and XRP's Tight Correlation to the Macro Market [https://www.coindesk.com/market/bitcoin-ripple-price/bdi-xrp-correlation-chart]
[5] Nasdaq (2025). XRP's Outlook: Assessing the Token's Potential Growth and Upcoming Developments [https://www.nasdaq.com/articles/xrps-outlook-assessing-the-tokens-potential-growth-and-upcoming-developments-2025-06-01]
Here are three sentences containing the given words based on the provided text:
- The decline in XRP's price is not an isolated event in the cryptocurrency market, as both Bitcoin and Ethereum have also seen a drop, albeit less severe than XRP.
- Given the bearish short-term trend of XRP, investing in this cryptocurrency may pose a risk, as it continues to struggle below the 100-hour Simple Moving Average and the resistance at $2.270.
- The latest decline in XRP's price follows the emergence of a bearish trendline on the XRP/USD hourly chart and a wave of liquidations totalling $657 million in the crypto market.
