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June 1, 2025

XRP (XRP) Price: Bouncing Back to $2.19 After Recent Market Downturn Maisie Morrison | usagoldmines.com

TLDR

  • XRP is currently trading around $2.18-$2.19, up about 5% over the past week
  • A critical exploit was found in the XRP JavaScript SDK, though the issue has been fixed with no reported fund losses
  • Some analysts predict extreme price targets ranging from $33 to $100 based on technical patterns
  • The $2.57-$2.58 range represents a key resistance level that could trigger further upward movement
  • Market commentator BarriC believes XRP could eventually reach $1,000, representing a 44,344% increase from current value

XRP is showing signs of a potential breakout after recovering from recent lows, now trading at approximately $2.18-$2.19. The cryptocurrency has gained nearly 5% over the past week, demonstrating resilience as the broader crypto market heats up.

The price appears to be holding steady at the support zone between $2.04 and $2.16, which is reinforced by the 50-period Exponential Moving Average (EMA) and the longer-term uptrend. This technical foundation is providing stability after a dip to around $1.60 in recent weeks.

For traders watching the charts, the next key level to monitor is the $2.57-$2.58 range, which represents previous highs from March. Breaking above this zone could open the door to higher price discovery levels.

XRP Price on CoinGecko
XRP Price on CoinGecko

The MACD indicator is reportedly flattening, which often precedes a reversal in momentum. If XRP can maintain its position above $2.16 and break through $2.30 with substantial volume, bulls may target $2.41 as the next objective.

Security Concerns in the Ecosystem

While price action remains stable, the XRP ecosystem recently faced a security challenge. Researchers at Aikido discovered a critical exploit in the XRP JavaScript SDK (xrpl.js), affecting versions 4.2.1 to 4.2.4.

The compromised versions were uploaded only to NPM, not to XRPL’s official GitHub repository, suggesting a supply chain attack targeting developers who fetch packages through NPM registries. The malicious code could capture private keys during routine wallet functions and transmit them to an attacker’s server.

Fortunately, the compromised code has been removed, and safe updates (v4.2.5 and v2.14.3) are now available. Developers who used the affected SDK versions are advised to assume their credentials are compromised and take immediate action.

No funds have been reported stolen yet, but the incident serves as a reminder that even trusted ecosystems can be vulnerable if package registries are compromised.

Bold Price Predictions

Some crypto analysts are making eye-catching predictions about XRP’s future value. Technical patterns like the “cup and handle” formation have led to price targets ranging from $33 to $50, with some projections reaching as high as $77 to $100.

Market commentator BarriC has gone even further, suggesting that XRP could eventually reach $1,000 per token—a 44,344% increase from today’s value. He claims that someday investors will gladly pay $100 for a single XRP token, viewing that price as a “cheap” entry point.

BarriC has even set ambitious timelines, stating that by the sixth Bitcoin halving in 2032, XRP would be considered cheap in the $100 range. Other market analysts suggest it could take longer, with Telegaon projecting that XRP could trade at $119 by 2040.

These projections tap into long-standing hopes among XRP holders who believe the token’s potential role in global financial infrastructure will drive its value upward.

However, skeptics point to the massive market capitalization such prices would imply. At $1,000 per token, assuming XRP’s circulating supply remains steady at 58 billion, the market cap would reach $58 trillion. At full supply, it could approach $100 trillion—figures critics dismiss as disconnected from reality.

The current crypto market cap is approaching $3 trillion, with sentiment shifting toward “greedy” on the Fear & Greed Index—an indication that traders are becoming increasingly bullish.

As Bitcoin approaches the $95,000 mark, it’s Ethereum that’s quietly leading the charge, outperforming both Bitcoin and many altcoins. This Ethereum strength is often considered a bullish sign for the entire altcoin market, including XRP.

If Ethereum breaks above key resistance zones, the market could experience a broad rally across major altcoins, potentially fueling XRP’s upward momentum.

XRP’s Bitcoin dominance charts are reportedly coiling in a tight range, signaling a possible explosive breakout. As Bitcoin dominance begins to drop, XRP and other altcoins are expected to benefit substantially.

For investors interested in XRP’s short-term prospects, analysts suggest two potential entry points: a bounce from $2.16 with bullish candle confirmation, or a break above $2.30 on volume, with targets at $2.30 and $2.41, and a stop loss below $2.04.

The XRP price reflects both market dynamics and ecosystem development, with investors closely watching for signs of the next major move in this volatile but promising digital asset.

The post XRP (XRP) Price: Bouncing Back to $2.19 After Recent Market Downturn appeared first on Blockonomi.

 

This articles is written by : Nermeen Nabil Khear Abdelmalak

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