Should you buy XRP before the next big move?

XRP is once again under pressure, with the price sliding down to $2.066 on the daily chart. After failing to maintain momentum above $2.50, the asset is now intersecting with key support zones. Traders are currently wondering: will the price of XRP hold steady or fall in the coming days? In this article, we will analyze the latest chart signals, examine technical indicators, and provide a price forecast based on practical calculations. In previous analysis, we predicted that XRP would lose bullish strength. XRP Price Prediction: Is XRP losing its bullish momentum?

The Heikin Ashi candles clearly show a persistent bearish trend. The red candle with little or no upper wick indicates strong downward pressure with minimal support from buyers. XRP price has failed to close above $2.10 for several sessions, a bearish sign considering that the previous support level has turned into resistance. The Relative Strength Index (RSI) is currently at 35.49, significantly lower than the neutral zone of 50. This indicates that momentum is weakening, and unless there is an early recovery, the price of XRP may slide into the oversold zone ( below 30), increasing the risk of panic selling. XRP is currently trading above $2, marking a bullish increase of over 300% from the baseline price before the strong rally in November 2024. Early investors accumulating in the lower zone are now holding significant profits, and this has caused a notable wave of profit-taking. At the beginning of June, data showed that these early holders had started to distribute their holdings at an average rate of 68.8 million dollars per day ( 7-day SMA ), indicating a significant period of selling pressure and the potential redistribution of tokens from long-term holders to new participants in the market. Where are the main support and resistance zones? The Fibonacci retracement from the lowest level near $1.50 to the highest level in May at $2.87 shows the key levels that the market is currently testing. Support Zone 1: $2.05 ( retracement 0.618 ) Support Zone 2: $1.86 ( retracement 0.786 ) Main psychological support: $2.00 If the price of XRP cannot hold the level of $2.05, we may see the price test the zone of $1.86. This would represent a decrease of about 8.33% from the current level. On the positive side, the first resistance level is $2.10, followed by $2.30 and $2.50. Breaking above the $2.30 level could trigger a short-covering and attract new buyers. Can the price of XRP recover? While the current structure supports the bears, XRP has a history of quickly reversing near the $2 mark. If the price forms a double bottom structure or shows bullish divergence in the RSI, it could recover to the $2.30 level. If XRP attempts to reclaim the $2.30 level, we could see a bullish increase of 11.33%. But for that to happen, buyers must quickly step in to prevent further erosion of confidence. Pay attention to the long-bodied green Heikin Ashi candle—it may signal that sellers are exhausted. XRP price prediction: What could happen this week? The current setup chart shows that the price of XRP is at a decisive moment. Based on recent price behavior, here is what could happen in the next 5–10 trading sessions: Bearish case: Break below $2.05 → target $1.86 Bullish case: Bounce above $2.10 → target $2.30 Neutral case: Consolidation between $2.00 and $2.15 Based on the RSI indicator and price movements, the current bearish scenario seems more likely to occur unless there is a sudden increase in volume in the coming days. The price of XRP is clinging to the support level at $2.05. Although there is potential for a recovery, the overall momentum remains weak, and buyers are clearly sitting on the sidelines. If you are considering entering a position, wait for a clear signal above $2.10 with increasing volume. Otherwise, be prepared for the possibility of a drop to $1.86 before any meaningful recovery.