XRP currently trading at $2.18 with $128 billion market cap and $1.77 billion 24-hour volume
Price moving in tight range between $2.14-$2.189, showing signs of accumulation
Technical charts show potential ascending triangle pattern that could favor bulls
Multiple resistance at $2.19-$2.20 level needs to be broken for upward movement
Long-term support remains at around $2.08-$2.10 where price has bounced twice
XRP is currently trading at $2.18 as of 5 p.m. Eastern time on June 2, 2025. The cryptocurrency holds a market capitalization of $128 billion with a 24-hour trading volume of $1.77 billion.
Price action for XRP has remained constrained within a narrow intraday range of $2.14 to $2.189. This tight trading band suggests traders are approaching the market with cautious optimism.
The short-term 1-hour chart shows XRP recovering from a recent dip, gradually climbing from $2.124 to its current price level. Bullish candlesticks with higher lows indicate buyers are entering the market.
There has been heightened volume near lower price points, which may suggest accumulation by larger market participants or experienced traders. A key pullback entry zone has formed between $2.16 and $2.165.
This microstructure presents what appears to be a bullish setup, though it still requires confirmation before gains can extend further.
Technical Indicators Show Mixed Signals
Looking at the 4-hour timeframe, XRP seems to be stabilizing after bouncing from support near $2.08. The cryptocurrency now trades in a narrow range around $2.15 to $2.18.
A noticeable volume spike occurred during the recent dip, hinting at strategic buying. An emerging mini ascending triangle pattern could work in favor of bulls if there is a breakout above the $2.185 to $2.19 threshold with good volume.
If this breakout occurs, prices could move toward immediate targets of $2.22, followed by a possible push to $2.30.
The daily chart reveals that XRP has been in a defined downtrend since reaching a peak of $2.656. The recent bounce from the $2.10 level has not been accompanied by strong volume, which limits bullish momentum.
Support has been tested and held twice around the $2.08–$2.10 area. Resistance sits between $2.30–$2.35, where multiple rejections have taken place. The current structure resembles a bear flag pattern unless buyers can push the price decisively above $2.30.
Price at Critical Junction
Technical oscillators are showing mixed signals for XRP. The relative strength index sits at 41.31, suggesting neutral momentum. The Stochastic oscillator at 24.41 also points to a neutral stance.
The commodity channel index stands at −135.43, which signals a potential bullish opportunity from oversold conditions. The momentum indicator at −0.11576 suggests a positive outlook.
Moving averages tell a different story. All short to mid-term indicators—from the exponential moving average (EMA 10) at $2.23772 to the simple moving average (SMA 100) at $2.25650—are showing bearish signals.
Only the EMA 200 at $2.07677 suggests that the long-term picture may still be bullish. This implies that while near-term weakness exists, long-term support remains intact.
For XRP to turn bullish, it needs to break above the $2.19–$2.20 resistance with volume confirmation. If successful, technical structures across all timeframes would support a bullish continuation.
Accumulation patterns, the ascending triangle formation, and favorable long-term support levels suggest a possible retest of $2.30 and potentially $2.50 in coming sessions, if buying momentum can be sustained.
Without a decisive breakout above $2.20, XRP risks further consolidation or downside. Failure to hold the $2.14–$2.15 range could lead to a retest of the $2.08 support zone.
The most recent data shows XRP trading at $2.18 with market participants watching closely for a potential breakout above the $2.20 level.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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