XRP Price Prediction For 1st June, 2025
The post XRP Price Prediction For 1st June, 2025 appeared on BitcoinEthereumNews.com. The XRP price is attempting a modest recovery after suffering a sharp drawdown earlier this week. At the time of writing, XRP is trading near $2.15, up approximately 0.7% in the last 24 hours. While the broader market remains in consolidation mode, XRP price action shows early signs of stabilization after bouncing off a critical weekly Fibonacci level. Traders are watching closely as the token tests key moving averages and momentum indicators begin to flatten, offering a potential springboard for short-term upside. What’s Happening With XRP’s Price? Over the past week, XRP price corrected from the $2.60 zone, shedding nearly 18% and briefly dipping toward $2.08 before stabilizing. The correction found footing near the 0.382 Fibonacci retracement level on the weekly chart, a zone that has historically served as strong demand. This bounce comes amid growing interest from retail traders and renewed speculative activity around potential ETF approvals for XRP in mid-2025. On the 4-hour chart, XRP price action has reclaimed the $2.14–$2.15 region after a failed breakdown. This zone aligns with a minor horizontal support and lies just beneath the 20 and 50 exponential moving averages, which now act as initial resistance barriers near $2.22 and $2.27, respectively. MACD and RSI Indicators Suggest a Bullish Reversal Momentum indicators are starting to tilt bullish. On the 30-minute and 4-hour timeframes, the MACD histogram has flipped green following a crossover, indicating that bearish momentum is fading. Meanwhile, the RSI on the 4-hour chart has risen from oversold territory and now reads 55.93, suggesting that bulls are gradually regaining control. On shorter timeframes, RSI is also trending higher, providing confluence with MACD signals. Bollinger Bands and Ichimoku Cloud Reflect Short-Term Compression Bollinger Bands show XRP attempting a reversion from the lower band toward the midline, with price currently hovering in the $2.14–$2.16…
The post XRP Price Prediction For 1st June, 2025 appeared on BitcoinEthereumNews.com.
The XRP price is attempting a modest recovery after suffering a sharp drawdown earlier this week. At the time of writing, XRP is trading near $2.15, up approximately 0.7% in the last 24 hours. While the broader market remains in consolidation mode, XRP price action shows early signs of stabilization after bouncing off a critical weekly Fibonacci level. Traders are watching closely as the token tests key moving averages and momentum indicators begin to flatten, offering a potential springboard for short-term upside. What’s Happening With XRP’s Price? Over the past week, XRP price corrected from the $2.60 zone, shedding nearly 18% and briefly dipping toward $2.08 before stabilizing. The correction found footing near the 0.382 Fibonacci retracement level on the weekly chart, a zone that has historically served as strong demand. This bounce comes amid growing interest from retail traders and renewed speculative activity around potential ETF approvals for XRP in mid-2025. On the 4-hour chart, XRP price action has reclaimed the $2.14–$2.15 region after a failed breakdown. This zone aligns with a minor horizontal support and lies just beneath the 20 and 50 exponential moving averages, which now act as initial resistance barriers near $2.22 and $2.27, respectively. MACD and RSI Indicators Suggest a Bullish Reversal Momentum indicators are starting to tilt bullish. On the 30-minute and 4-hour timeframes, the MACD histogram has flipped green following a crossover, indicating that bearish momentum is fading. Meanwhile, the RSI on the 4-hour chart has risen from oversold territory and now reads 55.93, suggesting that bulls are gradually regaining control. On shorter timeframes, RSI is also trending higher, providing confluence with MACD signals. Bollinger Bands and Ichimoku Cloud Reflect Short-Term Compression Bollinger Bands show XRP attempting a reversion from the lower band toward the midline, with price currently hovering in the $2.14–$2.16…
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