Possible Final Dip Before a Major Bull Market Rebound
The post Possible Final Dip Before a Major Bull Market Rebound appeared on BitcoinEthereumNews.com.
XRP’s current price action suggests that a significant buying opportunity might still be on the horizon. Despite trading at around $2.16 and showing signs of resilience, there remains a strong case for further downside pressure. This outlook stems from broader macroeconomic uncertainties—including persistent inflation concerns, potential tariffs, and geopolitical tensions involving Russia and Ukraine—as well as seasonal market weakness typically seen during June and July. Compounding this is the ongoing lack of liquidity across the crypto space, which allows bearish sentiment to dominate short-term trends. However, the technical outlook focuses heavily on XRP’s performance against Bitcoin, providing a comparative framework that suggests XRP still has room to decline before staging a potential recovery. If Bitcoin maintains its strength or rises further, an additional 22% correction in XRP could occur. Should this play out, XRP may drop into a strong buy zone—likely marking its lowest USD price target for the remainder of this bull market. This article will delve into XRP’s price prediction and highlight Solaxy as a strong buying opportunity, with limited time left to buy before its presale ends. Source – Austin Hilton on YouTube XRP Price Prediction XRP is currently hovering near the bottom of a long-established trading range that began in December 2024, with the key support level situated around $2.07. While there’s a chance the price could dip slightly lower—potentially to the $2.00 mark or even as far as $1.95—the likelihood of a significant breakdown appears limited. Historically, XRP has shown the ability to recover from this support zone, even bouncing back after brief deviations down to $1.75 and $1.65 in the past. The overall outlook remains cautiously optimistic, with the expectation of a short-term bounce from the $2.07 region, possibly leading to a move toward the next resistance level at $2.25–$2.28. As long as XRP…
Filed under: News - @ June 2, 2025 9:27 am