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Coin Edition 2025-06-01 15:29:00

XRP (XRP) Price Prediction for 2nd June: Bearish Momentum Deepens as Price Struggles Below Key Resistance

XRP (XRP) Price Prediction for 2nd June: Bearish Momentum Deepens as Price Struggles Below Key Resistance

The XRP price today remains under pressure as the market struggles to recover from May’s late selloff. Trading around $2.15 at the time of writing, XRP has broken key short-term support levels and continues to drift within a defined descending channel. Despite a brief rebound attempt near $2.22, the XRP price action suggests sellers still dominate the market ahead of the weekend. What’s Happening With XRP’s Price? XRP price forecast (Source: TradingView) On the 4-hour chart, XRP price has failed to reclaim the confluence zone around the 20/50 EMA near $2.25–$2.29. This dynamic resistance, combined with upper Bollinger Band rejection near $2.30, confirms bearish control. A clean breakdown from the $2.22 support on May 30 initiated a broader correction, which saw XRP drop as low as $2.08 before bouncing modestly. Current price behavior shows lower highs and descending trendlines intersecting near $2.20. Until this area is broken decisively, bullish reversal calls remain premature. Key Indicators Show Renewed Bearish Momentum XRP price forecast (Source: TradingView) The RSI on the 30-minute and 4-hour charts remains weak. The 30-minute RSI has slid … The post XRP (XRP) Price Prediction for 2nd June: Bearish Momentum Deepens as Price Struggles Below Key Resistance appeared first on Coin Edition .

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