XRP (XRP) Price Prediction for June 05 2025: Can Bulls Hold Above $2.24 as Symmetrical Triangle Tightens?

The XRP price today is trading near $2.25, gaining modest ground after a temporary recovery from June 2 lows. Over the past 48 hours, XRP price action has carved out a symmetrical triangle structure on lower timeframes, showing consolidation between $2.22 support and $2.28 resistance. As June 5 approaches, traders are watching closely to see if XRP can break free from this tightening range.

On the weekly chart, XRP remains above the 38.2% Fibonacci retracement of the macro rally, but still struggles to reclaim the key 0.5 retracement at $2.57. This longer-term level has repeatedly capped upside attempts since mid-April, highlighting lingering macro resistance.

What’s Happening With XRP’s Price?

On the daily and 4-hour charts, XRP price volatility has gradually compressed into a triangle bounded by $2.22 on the downside and $2.28–$2.30 on the upside. Price is currently coiling within this pattern, creating a setup where breakout direction could define the trend for the coming days. The support trendline from late May has held firm so far, and the bounce on June 3 from $2.21 reinforces that bulls remain active near that zone.

Price recently tapped $2.27 but failed to close decisively above it, showing that sellers are defending minor supply zones aggressively. A clean breakout above $2.28 is required to unlock the next upside leg toward $2.45 and then $2.57, the latter being the key weekly resistance that coincides with the 50% Fibonacci level.

Meanwhile, the 4-hour Bollinger Bands are starting to compress after a recent contraction. This points to a possible expansion in XRP price volatility, with direction likely to be defined by a breakout beyond $2.28 or a breakdown under $2.22.

Why XRP Price Going Up Today?

The answer to why XRP price going up today lies in improving intraday momentum indicators and a minor bullish reaction from horizontal support. On the 30-minute chart, the RSI has pushed back above 53, signaling the start of short-term recovery. The MACD is beginning to stabilize after a mild bearish phase, and histogram bars are flattening near the zero line.

On the Ichimoku Cloud, XRP is now attempting to hold above the cloud base on the 30-minute chart, while the Tenkan-Sen and Kijun-Sen are beginning to flatten. This typically reflects an equilibrium phase that may lead to a breakout if volume builds near the upper boundary. Stoch RSI is also rising from oversold levels, with a crossover near 32, suggesting early bullish intent, although confirmation is still pending.

If XRP can decisively close above $2.28–$2.30 with follow-through, it may retest the 4-hour supply zone around $2.45–$2.50 in the coming sessions.

XRP Short-Term Forecast: Will Price Break Above $2.30?

As of now, XRP price update reflects a cautious bullish bias. Price is wedged between converging trendlines, creating a technical squeeze. A sustained breakout above $2.28 would open the door toward $2.45 and potentially $2.57 in extension. Beyond $2.57, the next key level lies at $2.74, aligning with the 61.8% retracement on the weekly Fibonacci chart.

However, a rejection at $2.28 or a failed retest of $2.21 could lead to deeper downside, with $2.15 and $2.11 being the next key support levels. A breakdown below $2.11 would invalidate the bullish setup and risk a return to $2.03 or even $1.96.

Until a breakout confirms direction, traders should remain cautious and watch the $2.22–$2.28 corridor closely for signals.

XRP Technical Forecast Table: June 5