The price dipped sharply last week from its May high near $2.60, but recent technical signals suggest bulls may be preparing for a comeback, possibly pushing XRP toward the long-anticipated $5 mark.

XRP Price Struggles But Holds Key Support

At the time of writing, XRP is trading around $2.15, up slightly over the past 24 hours. The altcoin recently found support near the 0.382 Fibonacci retracement level, around $2.08—a zone historically associated with buyer interest. Despite breaking below its ascending channel and key short-term support at $2.25, the XRP price remains above the critical $2.00 threshold.

XRP was trading at around $2.16, up 1.35% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin

Technical indicators offer a mixed but hopeful outlook. The MACD histogram has turned green on shorter timeframes, signaling fading bearish momentum, while RSI readings are trending upward, hovering near 56 on the 4-hour chart. “The indicators are showing early signs of a reversal, and if momentum holds, we could see a run toward $2.50 and higher,” noted crypto analyst Joy from TradingView.

XRP Resistance and Reversal Zones

For XRP to resume a sustainable uptrend, the bulls must break through a crucial resistance band between $2.30 and $2.35, which coincides with the upper Bollinger Band and the 100-day exponential moving average (EMA). If that hurdle is cleared, the next upside targets lie at $2.45 and the $2.61 supply zone last tested in mid-May.

XRPUSD is consolidating within a key demand zone between $2.15 and $2.22, showing signs of renewed accumulation following a recent liquidity sweep. Source: FrankFx14 on TradingView

On the downside, failure to hold above $2.10 could send the XRP price back to the $2.00 demand zone. This region aligns with the 200 EMA and remains a psychological and technical support level. “If XRP loses $2 decisively, we may see increased bearish pressure, but a strong bounce from here would reinforce the broader bullish structure,” added Francesco, a market analyst at Bitcoinsensus.

XRP Lawsuit and Regulatory Overhangs

Fundamental factors continue to cast a shadow over XRP’s trajectory, particularly the unresolved XRP lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). The XRP SEC lawsuit has dragged on for years, but fresh optimism surrounds a possible resolution or settlement this summer.

Legal clarity could act as a major catalyst. “Regulatory outcomes remain pivotal for Ripple crypto and XRP price action. A favorable verdict in the XRP SEC lawsuits could be rocket fuel for a breakout above $3 or even toward $5,” suggested crypto researcher Parshwa Turakhiya.

This sentiment is echoed across the Ripple XRP news landscape. Ongoing partnerships, ETF applications, and increasing interest from institutions are helping shift attention back to XRP’s long-term value proposition.

Institutional Inflows and ETF Speculation Fuel Optimism

The potential approval of multiple spot XRP ETFs has injected fresh enthusiasm into the Ripple market. Nine ETF applications are currently under SEC review, and the anticipation has prompted analysts like Dark Defender to forecast ambitious targets, including $5.85 in the months following approval.

Meanwhile, institutional involvement in Ripple’s ecosystem is gaining momentum. Webus International Limited and VivoPower are reportedly planning investments of $300 million and $121 million, respectively, into XRP Treasuries. These moves are bolstering the case for XRP as a reserve-grade asset.

XRP On-Chain Activity Reveals Mixed Sentiment

XRP on-chain metrics paint a nuanced picture. Futures Open Interest dropped from $4.55 billion to $4.11 billion in the last 24 hours, though it’s still up 10.5% month-on-month, reflecting growing participation and cautious optimism.

Total Open Interest in USD (XRP). Source: Santiment

However, active addresses on the XRP Ledger took a steep 68% dive within the same period, falling from 21.87k to 6.9k. While this decline might suggest waning short-term activity, it could also indicate a cooldown phase before another significant price move.

Technical Outlook: Patterns and Probabilities

XRP technical analysis highlights a possible bull flag formation on higher timeframes—a pattern that typically precedes continuation of an uptrend. Shorter timeframes show the token attempting to reclaim the mid-Bollinger Band, with Ichimoku indicators pointing toward an impending push into the Kumo cloud.

A sharp strategy blending technicals and fundamentals to ride XRP/USD’s rally while guarding against resistance-zone reversals. Source: Thief_Trader on TradingView

Francesco cautions that price action may still trap over-eager traders. “We might see XRP dip slightly to collect liquidity before breaking higher. It’s classic market behavior—flush the stops, then move.”

Such behavior reinforces the notion that traders should approach XRP price prediction as a game of probabilities, not certainties.

Final Thoughts: Can XRP Reach $5 in June?

The road to $5 remains possible but challenging. XRP will need to clear multiple resistance levels, maintain momentum, and benefit from favorable regulatory developments—particularly around the SEC Ripple lawsuit and pending ETF approvals.

XRP has broken the 6-month resistance at $5.85, just a day after our last update. Source: Dark Defender via X

If bullish catalysts align, a rally toward $3 and beyond is feasible. However, analysts warn that the path will likely involve volatility and potential false breakouts. Patience and preparation remain key.

For now, XRP continues to walk the tightrope between a deeper correction and a breakout scenario. Traders and investors alike will be watching closely as the Ripple currency price evolves through June 2025.

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Filed under: Bitcoin - @ June 1, 2025 3:00 pm