The XRP price is attempting a modest recovery after suffering a sharp drawdown earlier this week. At the time of writing, XRP is trading near $2.15, up approximately 0.7% in the last 24 hours. While the broader market remains in consolidation mode, XRP price action shows early signs of stabilization after bouncing off a critical weekly Fibonacci level. Traders are watching closely as the token tests key moving averages and momentum indicators begin to flatten, offering a potential springboard for short-term upside.
What’s Happening With XRP’s Price?
Over the past week, XRP price corrected from the $2.60 zone, shedding nearly 18% and briefly dipping toward $2.08 before stabilizing. The correction found footing near the 0.382 Fibonacci retracement level on the weekly chart, a zone that has historically served as strong demand. This bounce comes amid growing interest from retail traders and renewed speculative activity around potential ETF approvals for XRP in mid-2025.
On the 4-hour chart, XRP price action has reclaimed the $2.14–$2.15 region after a failed breakdown. This zone aligns with a minor horizontal support and lies just beneath the 20 and 50 exponential moving averages, which now act as initial resistance barriers near $2.22 and $2.27, respectively.
MACD and RSI Indicators Suggest a Bullish Reversal
Momentum indicators are starting to tilt bullish. On the 30-minute and 4-hour timeframes, the MACD histogram has flipped green following a crossover, indicating that bearish momentum is fading.
Meanwhile, the RSI on the 4-hour chart has risen from oversold territory and now reads 55.93, suggesting that bulls are gradually regaining control. On shorter timeframes, RSI is also trending higher, providing confluence with MACD signals.
Bollinger Bands and Ichimoku Cloud Reflect Short-Term Compression
Bollinger Bands show XRP attempting a reversion from the lower band toward the midline, with price currently hovering in the $2.14–$2.16 region. This behavior often signals a volatility contraction phase, which typically precedes a directional move.
Ichimoku Cloud on the 30-minute chart shows price attempting to break into the lower span of the Kumo cloud, with Tenkan-Sen and Kijun-Sen converging around $2.15. A successful push above the $2.18–$2.20 zone would indicate a possible cloud breakout, which would strengthen the bullish case further into early June.
Near-Term Outlook and Key Levels to Watch
From a structural perspective, XRP remains within a broader downward-sloping channel on the daily chart. The token needs to clear the $2.30–$2.35 resistance area, which marks the confluence of the upper Bollinger Band and the 100-day EMA, to confirm a breakout. If bulls succeed, the next target could be $2.45, followed by $2.61, which is a key supply zone tested in May.
On the downside, if the XRP price fails to hold above $2.10, a retest of $2.00 becomes likely. This level aligns with the 200 EMA and remains a strong demand area that has absorbed prior dips.
Why is XRP Price Going Up Today?
The question of why the XRP price is going up today can be attributed to multiple technical and sentiment-driven factors. First, the rejection near the $2.08 support zone triggered a short squeeze as bearish traders were forced to cover positions. Second, rising optimism surrounding Ripple’s ongoing institutional partnerships and chatter around legal developments has sparked renewed speculative demand. Lastly, the bounce aligns with the broader crypto market’s resilience, particularly as Bitcoin and Ethereum also recover from their weekly lows.
XRP Price Forecast Table for 1st June 2025
| Metric | Forecast/Observation |
| Expected Price Range | $2.10 – $2.28 |
| Support Level | $2.08 |
| Resistance Level | $2.28 – $2.30 |
| Trend Bias | Short-term rebound inside descending channel |
| RSI (30-min chart) | 55.93 (Neutral-Bullish, recovering from lower band) |
| MACD (30-min chart) | Bullish crossover, positive histogram build-up |
| Ichimoku Cloud | Price attempting entry into cloud; resistance at $2.18 |
| Bollinger Bands | Lower band rebound with middle band target at $2.22 |
| EMA Zones (4H) | Price below 20/50/100 EMAs; next EMA test at $2.22 |
| Volatility Outlook | Rising, early breakout attempt from intraday pattern |
| Short-Term Signal | Accumulation bounce; minor bullish momentum building |
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