XRP Price Prediction for 3rd June 2025
The post XRP Price Prediction for 3rd June 2025 appeared on BitcoinEthereumNews.com. After stalling beneath the $2.20 handle, XRP price today is retreating under mounting pressure from a descending triangle structure. At the time of writing, XRP trades at $2.148, down over 1.4% in the past 24 hours, with price action pressing into the lower support band around $2.14. The broader structure suggests a decisive breakdown could be approaching if bulls fail to defend this zone. What’s Happening With XRP’s Price? The short-term XRP price action on the 30-minute chart reveals a clear rejection from $2.18, followed by a progressive decline along a descending resistance trendline. This setup is forming a bearish triangle, with the lower support base between $2.13 and $2.14 now repeatedly tested. A break beneath this could open the door for a move toward $2.10 or even $2.08. The daily chart reinforces this weakness, with XRP extending its rejection from the $2.50–$2.60 resistance band. This red supply zone has capped multiple upside attempts since April, confirming it as a major bearish block. Price is now leaning on a rising trendline that dates back to March lows. If this base collapses, a deeper pullback into the $2.00–$2.04 green demand zone is likely. Indicators Signal Growing Bearish Pressure Momentum signals across timeframes continue to lean negative. On the 30-minute chart, the RSI has already dipped below 40, aligning with weakening near-term demand. The MACD on both intraday and 4-hour charts remains in bearish territory, with a flat-to-negative histogram and signal line divergence. This suggests that any attempt at recovery is currently lacking conviction. Stochastic RSI has reset to oversold levels on the 30-minute chart but without a crossover confirmation, indicating that the bulls are not yet prepared to initiate a strong counter-trend rally. Meanwhile, the Chande Momentum Oscillator reads around -30, reinforcing a broad downside bias. Ichimoku and Bollinger Bands Highlight…
The post XRP Price Prediction for 3rd June 2025 appeared on BitcoinEthereumNews.com.
After stalling beneath the $2.20 handle, XRP price today is retreating under mounting pressure from a descending triangle structure. At the time of writing, XRP trades at $2.148, down over 1.4% in the past 24 hours, with price action pressing into the lower support band around $2.14. The broader structure suggests a decisive breakdown could be approaching if bulls fail to defend this zone. What’s Happening With XRP’s Price? The short-term XRP price action on the 30-minute chart reveals a clear rejection from $2.18, followed by a progressive decline along a descending resistance trendline. This setup is forming a bearish triangle, with the lower support base between $2.13 and $2.14 now repeatedly tested. A break beneath this could open the door for a move toward $2.10 or even $2.08. The daily chart reinforces this weakness, with XRP extending its rejection from the $2.50–$2.60 resistance band. This red supply zone has capped multiple upside attempts since April, confirming it as a major bearish block. Price is now leaning on a rising trendline that dates back to March lows. If this base collapses, a deeper pullback into the $2.00–$2.04 green demand zone is likely. Indicators Signal Growing Bearish Pressure Momentum signals across timeframes continue to lean negative. On the 30-minute chart, the RSI has already dipped below 40, aligning with weakening near-term demand. The MACD on both intraday and 4-hour charts remains in bearish territory, with a flat-to-negative histogram and signal line divergence. This suggests that any attempt at recovery is currently lacking conviction. Stochastic RSI has reset to oversold levels on the 30-minute chart but without a crossover confirmation, indicating that the bulls are not yet prepared to initiate a strong counter-trend rally. Meanwhile, the Chande Momentum Oscillator reads around -30, reinforcing a broad downside bias. Ichimoku and Bollinger Bands Highlight…
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