XRP (XRP) Price Prediction for July 6, 2025
The post XRP (XRP) Price Prediction for July 6, 2025 appeared on BitcoinEthereumNews.com. After weeks of compression, XRP price is now testing a critical trendline at the top of a long-standing weekly descending channel. The battle between bulls and bears is intensifying near the $2.22 level, with multiple timeframes signaling a potential directional move. What’s Happening With XRP’s Price? The most notable structure comes from the weekly chart, where XRP price action remains inside a well-defined descending parallel channel dating back to the Q1 high of $3.40. Price is now pressing against the channel’s upper boundary, aligned with the 0.382 Fibonacci retracement level near $2.28. This resistance has held for several weeks, but with higher lows forming, bulls appear to be building pressure. A confirmed breakout from this descending channel could shift the longer-term trend, with upside targets near $2.71 (Fib 0.236) and $3.00+. The daily chart shows XRP trading within a tightening triangle pattern, supported near $2.10 and capped near $2.30. Donchian Channel compression and steady OBV (~7.73B) confirm the coiling nature of the price structure. On the 4-hour chart, XRP is trading above the 20/50/100 EMA cluster ($2.21–$2.22), offering dynamic support. However, repeated rejection from the upper Bollinger Band near $2.28 has prevented breakout continuation. Why XRP Price Going Down Today? The answer to why XRP price going down today lies in rejection from historical Smart Money zones and weakening momentum. Liquidity data on the 4-hour chart shows a firm rejection from the $2.28–$2.34 supply region, labeled as a major CHoCH and “Strong High” zone. Despite attempts to reclaim this range, volume has failed to follow through. RSI on the 30-minute chart sits around 47.3, just below neutral, and MACD is flat—signaling indecision. Price is also currently below session VWAP ($2.2226), keeping bulls in check. Derivatives data confirms a cautious tone. Open interest has dropped by 2.29%, while options volume surged…
The post XRP (XRP) Price Prediction for July 6, 2025 appeared on BitcoinEthereumNews.com.
After weeks of compression, XRP price is now testing a critical trendline at the top of a long-standing weekly descending channel. The battle between bulls and bears is intensifying near the $2.22 level, with multiple timeframes signaling a potential directional move. What’s Happening With XRP’s Price? The most notable structure comes from the weekly chart, where XRP price action remains inside a well-defined descending parallel channel dating back to the Q1 high of $3.40. Price is now pressing against the channel’s upper boundary, aligned with the 0.382 Fibonacci retracement level near $2.28. This resistance has held for several weeks, but with higher lows forming, bulls appear to be building pressure. A confirmed breakout from this descending channel could shift the longer-term trend, with upside targets near $2.71 (Fib 0.236) and $3.00+. The daily chart shows XRP trading within a tightening triangle pattern, supported near $2.10 and capped near $2.30. Donchian Channel compression and steady OBV (~7.73B) confirm the coiling nature of the price structure. On the 4-hour chart, XRP is trading above the 20/50/100 EMA cluster ($2.21–$2.22), offering dynamic support. However, repeated rejection from the upper Bollinger Band near $2.28 has prevented breakout continuation. Why XRP Price Going Down Today? The answer to why XRP price going down today lies in rejection from historical Smart Money zones and weakening momentum. Liquidity data on the 4-hour chart shows a firm rejection from the $2.28–$2.34 supply region, labeled as a major CHoCH and “Strong High” zone. Despite attempts to reclaim this range, volume has failed to follow through. RSI on the 30-minute chart sits around 47.3, just below neutral, and MACD is flat—signaling indecision. Price is also currently below session VWAP ($2.2226), keeping bulls in check. Derivatives data confirms a cautious tone. Open interest has dropped by 2.29%, while options volume surged…
What's Your Reaction?
