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XRP price is flashing early signs of a potential trend reversal just when traders thought the dust had settled after its recent pullback. Both the daily and hourly charts suggest that a bounce may be brewing—possibly a strong one. Let’s dive into the technicals to understand what’s happening and how high XRP could go in the short term. XRP Price Prediction: Is XRP Finding a Bottom After the Pullback? XRP/USD Daily Chart- TradingView On the daily chart, XRP price is currently trading at around $2.11, following a significant drop from the mid-May high near $2.70. This correction sliced through key moving averages. Price action is now hovering around the SMA-50 and SMA-100, with the SMA-200 still trending higher at $2.33, suggesting longer-term strength remains intact. The support zone between $2.00 and $2.05 has held firm multiple times in the past week, forming a potential short-term double bottom. The Heikin Ashi candles are showing smaller bodies and longer lower wicks—typically an early sign of selling exhaustion. Additionally, price is currently testing the lower band of the MA Ribbon, which could act as a springboard. What’s the Hourly Chart Telling Us? XRP/USD 1 Hr Chart- TradingView The hourly chart gives a sharper look at the market dynamics. XRP price dropped sharply toward the $2.00 level, but quickly bounced and reclaimed $2.13, now pushing against the short-term resistance at $2.135. Here’s a critical setup: XRP formed a bullish divergence—price made a lower low while RSI (not shown) likely made a higher low based on candle behavior. The rebound has taken the price back above the SMA-20 ($2.13) and SMA-50 ($2.18). If it breaks above the SMA-100 ($2.19) convincingly, the short-term downtrend could be invalidated. Let’s do a basic retracement calculation. The fall from $2.71 to $2.00 is a move of $0.71. A typical…

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Filed under: News - @ June 6, 2025 9:23 am