XRP Drops 4% in 24 Hours — Here is What Could be Next

The drop comes amid conflicting technical signals and growing speculation about XRP’s next major move.

Bearish Signals: Breakdown Below 200-Day Moving Average

According to a chart shared by Coin Bureau, XRP has fallen below its 200-day moving average, a level widely viewed as a key support in trend analysis. Technical analysts often interpret such a breakdown as a bearish signal, potentially paving the way for further downside.

Bullish Contrasts: “Final Pump” Predictions and Breakout Claims

Despite the dip, several bullish voices remain optimistic. Crypto analyst Steph Is Crypto multiple charts on May 30 suggesting XRP is entering a “final pump” phase, referencing similar past patterns.

In another tweet, Steph highlights that XRP has broken out across multiple global pairs, including USD, EUR, JPY, and CNY charts — reinforcing a view of multi-market bullish momentum.

Diverging Narratives Create Volatility

This divergence between bullish pattern expectations and bearish technical breakdowns reflects the current volatility surrounding XRP. With traders split between anticipating a breakout and bracing for deeper correction, the market is on edge.

On-Chain & Market Metrics

Market Cap: $128.69B (down 4.16%)
24h Trading Volume: $3.53B (up 32.44%)
Circulating Supply: 58.68B XRP out of a 100B max supply

The sharp increase in trading volume suggests heightened activity — a common feature during periods of trend reversal or continuation.

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What’s Next for XRP?

Adding to the mix, Coinbase Institutional announced it will enable 24/7 futures trading for XRP starting June 13, which could increase speculative activity and volatility in the short term.

Key levels to watch

Support: $2.10 – $2.15 zone
Resistance: $2.30 – $2.45 range

Conclusion

XRP is at a technical crossroads. While some analysts call for a massive upside breakout, others warn of more downside following the breach of long-term support. With futures trading set to go live in mid-June, traders should expect increased volatility, and potentially, a decisive move in either direction. Caution is warranted until a clearer trend emerges.

The post XRP Drops 4% in 24 Hours — Here is What Could be Next appeared first on Coindoo.

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