XRP (XRP) Price Prediction for June 05 2025
The post XRP (XRP) Price Prediction for June 05 2025 appeared on BitcoinEthereumNews.com.
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…
