After showing signs of revival from multi-week lows, XRP price today is holding above the $2.19 handle, reflecting modest recovery attempts amid broader market volatility. The token’s rebound from the $2.08 support base has so far lacked strong follow-through, raising questions about whether bulls can sustain momentum heading into the mid-week session. At the time of writing, XRP price is trading near $2.194, having gained marginally in the last 24 hours, but remains capped below the $2.22–$2.26 supply wall.
What’s Happening With XRP’s Price?
The short-term bounce in XRP price action comes after a near 10% correction in late May that dragged the pair down toward key ascending support near $2.08. This zone aligns with the lower boundary of a rising trendline that has held since March. Following the bounce, XRP briefly reclaimed the $2.20 level but faced immediate rejection from the descending trendline resistance that extends from the April high of $2.58.
On the 4-hour chart, the price has formed a narrowing wedge, with bulls defending $2.15 while sellers continue to fade rallies near $2.22. This compression suggests a decisive breakout is imminent. The upside breakout trigger lies near $2.26, while any break below $2.13 may invite renewed selling toward the $2.09–$2.05 demand block.
RSI, MACD Show Neutralizing Momentum
Momentum indicators suggest caution. The 30-minute Relative Strength Index (RSI) has slipped to 50.82, hovering just above the neutral 50-mark and indicating fading bullish drive. MACD shows a mild bearish crossover, with the histogram flipping red and the signal line overtaking the MACD line slightly—an early sign of weakness in XRP price action.
From a medium-term lens, the daily RSI remains balanced near 44, suggesting the current XRP price volatility is not yet translating into directional strength. Momentum is still lagging and awaits a trigger, either from a breakout above $2.26 or a drop below $2.08.
Ichimoku and Stochastic RSI Signal Short-Term Support
Ichimoku analysis on the 30-minute chart shows price holding just above the Kijun-sen line, with the cloud slightly bullish but thin—indicating limited follow-through. Stochastic RSI has dropped into oversold territory, with values near 9.78 and 17.75, hinting that a short-term bounce attempt may follow if $2.18 support holds.
This potential rebound could offer another test of the $2.22 resistance zone, which marks the confluence of the 100 EMA and a key horizontal rejection level. A clean breakout here would open the door toward $2.26 and beyond, but rejection could trigger a sharper reversal.
Bollinger Bands and EMAs Hint at Compression Phase
Bollinger Bands on the 4-hour chart are narrowing, showing a classic volatility squeeze. The XRP price update reveals that the asset is trading inside the upper half of the Bollinger range, near the mid-band at $2.18. EMA levels are tightly clustered around $2.18–$2.22, confirming this consolidation zone as a critical battleground.
The 20 EMA at $2.18 acts as near-term support, while the 50 and 100 EMA at $2.22 and $2.26 serve as key resistance barriers. If price decisively closes above $2.26, the 200 EMA at $2.28 becomes the next upside target. On the flip side, a breakdown below $2.13 may accelerate downside pressure toward $2.08–$2.05.
Why is the XRP Price Going Up Today?
The question of why XRP price went up today is linked to a modest improvement in altcoin sentiment and a stabilization in Bitcoin’s price. However, upside remains capped as market participants await a broader catalyst—either regulatory clarity or a Bitcoin-led rally. Meanwhile, pressure from macroeconomic uncertainty, including interest rate expectations and U.S. economic data, continues to limit breakout potential for XRP.
From a macro perspective, the weekly chart highlights that XRP price is still holding above the 0.382 Fibonacci retracement from the November 2024 rally, located near $2.01. This zone has consistently attracted dip buyers. However, bulls have failed to reclaim the 0.5 and 0.618 levels near $2.42 and $2.66, which are critical if XRP is to resume its long-term uptrend.
XRP Price Forecast: June 4 Outlook
XRP remains at a technical crossroads, with bulls attempting to hold above a key demand zone. Price must break and hold above $2.22 to regain short-term bullish momentum. Otherwise, risks of another pullback toward $2.08 remain elevated.
XRP Forecast Table for June 04 2025
| Technical Indicator | Signal/Level |
| Current XRP Price | $2.194 |
| Intraday Resistance | $2.22 / $2.26 / $2.28 |
| Intraday Support | $2.18 / $2.13 / $2.08 |
| RSI (30-min) | 50.82 (Neutral) |
| MACD (30-min) | Bearish Crossover |
| Ichimoku (30-min) | Holding above Kijun-sen |
| Stoch RSI (30-min) | Oversold (<20) |
| Bollinger Band Bias | Squeeze Phase |
| Short-Term Bias | Neutral-to-Bullish |
| Breakout Level | Above $2.26 for bullish trend |
| Breakdown Trigger | Below $2.13 for bearish momentum |
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