XRP : A Short-Lived Stabilization ?
Over the past few weeks, the price of XRP has experienced a significant drop, breaking a key support level around $2.20. Although the token has found temporary support between $2.10 and $2.20, the overall momentum remains weak, indicating a bearish trend.
In the short term, XRP is attempting a slight rebound from this support zone. This support zone represents a POC in 12H, indicating a significant liquidity presence. These zones act as strong resistance or solid support in this case.
Furthermore, XRP still shows a higher low. However, if it drops below $2.07, XRP has a Volume Profile indicating low liquidity below these levels. These low liquidity zones act as highways for price movements. In other words, if XRP loses the $2.07-$2.039 support, it could experience a sharp drop in its price.
On the contrary, if it manages to climb, it will first encounter resistance around $2.30 to $2.34, then stronger resistance at $2.44. Crossing the zone between $2.55 and $2.62 would be a significant bullish signal, but for now, there are no clear signs of a recovery.
What to Do : Buy or Wait ?
There is also a risk of forming a “head and shoulders” pattern, a classic chart pattern often indicative of a bearish reversal. This configuration is not yet confirmed, but traders should closely monitor it in the coming days.
In terms of support, if XRP fails to stay above $2.04, the next level is close to $1.80. A decisive drop below this crucial level could send the price towards $1.53, a major support level to watch.
Overall, market sentiment remains cautious towards XRP. Although the token shows signs of short-term stabilization, the trend will only reverse if it can sustainably break through the resistance zone between $2.21 and $2.28. This would be the first indicator of a strong return by buyers.
The price forecast for XRP in June 2025 is therefore uncertain in the short term. Traders will need to closely monitor the evolution of key support and resistance levels to identify the next opportunities in this volatile market.
How to Buy XRP on Bitget ?
To invest in XRP, here are the simple steps to buy XRP on Bitget :
- Create an account : Go to Bitget.com and sign up with your email and a secure password. Validate the verification code sent via email to activate your account.
- Verify your identity (KYC) : Go to the “Verification” section and submit an ID document and a selfie, as required by the KYC process, to unlock all trading features.
- Deposit funds : In “Wallet” > “Deposit,” select USDT (or another supported currency) and transfer via the TRC20 network to reduce fees. You can also buy cryptocurrencies directly with a credit card or bank transfer using the “Buy Cryptos” option.
- Buy the token : Go to “Spot Trading,” search for the XRP/USDT pair, select a “Market” order, enter the desired amount, and click on “Buy XRP.” Your tokens will be credited instantly.
