XRP News Today: XRP Drops 1.7% Daily, Faces $2 Support Test

XRP, the cryptocurrency, has experienced a significant decline in its value over the past week. As of June 22, 2025, XRP is trading at $2.08, reflecting a 1.7% daily loss and a weekly decline of 1.3%. This downward trend began after the token reached its peak at $2.58 on May 15. Currently, XRP is trading at $2.13, with bulls struggling to surpass the $2.20 resistance level, which has proven to be a substantial barrier for the token, preventing it from achieving significant gains.
The bearish sentiment in the market is intensifying, which could potentially drive the price of XRP towards its crucial support levels of $2 or $1.94. Analysts predict that if XRP can maintain its position above $2.01 and steadily climb, the next major resistance to break would be near $3.00. This would indicate a genuine trend reversal and possibly initiate a new rally. However, the current market conditions suggest that XRP is heading into the last week of June with mounting losses, and unless there is a dramatic change, the token is set to end Q2, 2025, on a negative note.
According to the analyst's forecast, the price of XRP is expected to increase to $2.22 heading into the summer, following an 8.14% change in the past month. The high price for XRP is predicted to be $2.3382, with a low of $1.7696. The averaged price is forecasted to be $2.0538, with an end-of-month prediction of $1.9666, marking an 8.1% change for June. The hourly chart indicates that the price of XRP is falling after a breakout of the local support of $2. If sellers maintain their initiative, there is a possibility of testing the $1.85-$1.90 range soon. On a bigger time frame, the rate of XRP has broken the support of $2, and while the rate remains below that mark, traders may witness an ongoing decline to the $1.80 mark. From a midterm perspective, there are no reversal signals yet, and if the price of XRP continues to drop, there is a high chance of testing the support of $1.77 next week.

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