XRP News Today: XRP Drops Below Key Support Level Amid Market Volatility

Coin WorldThursday, May 29, 2025 9:58 pm ET
2min read

As June 2025 approaches, XRP continues to exhibit mixed signals in the market. The cryptocurrency has recently experienced a short-term pullback, moving slightly lower after previous gains. This type of movement is common in crypto markets, especially since XRP often mirrors Bitcoin’s price action.

Currently, XRP has dropped below a key support level between $2.30 and $2.34. This breakdown suggests that the price could fall further towards the next major support zone around $2.10 to $2.15. If selling pressure increases, XRP might test even lower areas. However, holding above these support levels would be a positive sign for the bulls.

XRP has important support between $2.10 and $2.15. A drop below this could push the price down to $1.79, which is a very important level to hold. If it falls under $1.79, bigger losses could follow. On the other hand, XRP faces resistance between $2.30 and $2.34. If the price moves above this, the next hurdles are at $2.44, and then between $2.56 and $2.62.

There’s a chance that XRP might be forming a classic chart pattern called an “inverse head and shoulders.” This is a bullish sign that often hints at a price rise. However, this pattern isn’t confirmed yet. For this pattern to become official, XRP’s price would need to bounce from its current levels, move up towards the $2.62 mark, and break through it. If that happens in the next couple of weeks, it could spark a strong upward move, potentially even towards new all-time highs.

In the short term, experts expect XRP’s price to continue cooling off while Bitcoin remains relatively stable. The key factor to watch is whether XRP can maintain its current levels. Currently, XRP is hovering around $2.28, and market watchers are forecasting a potential climb to $3 by midyear. This prediction is based on the recent stability of XRP near the $2 mark, despite a pullback that mirrored Bitcoin's dip.

The market has seen a bear trap, which has led to a 0.5% increase in XRP's price over the past 24 hours. This bear trap has also resulted in a 20% increase in trading volumes, indicating a potential for a massive squeeze in the market. The bullish sentiment is further supported by various price targets, ranging from $5.50 to $21.60, based on adjusted bull flag projections. Market cap analysis also estimates XRP's value using both logarithmic and linear models, suggesting asymmetric reward relative to risk.

According to analysts' forecasts, XRP's price targets range from $5.50 to $21.60, with some even predicting a climb to $12 or higher. The most bullish predictions set targets as high as $46 per XRP. These forecasts are based on various technical indicators and market trends, suggesting a potential for significant gains in the near future.

In the long term, XRP is considered a viable investment option. According to a price forecast, XRP could reach $525 in the next 25 years. This prediction is based on the current price of XRP at $2.30, and an investment of $1,000 could fetch 434 XRP, potentially generating returns worth $227,850 by 2050. This long-term outlook suggests that XRP could deliver phenomenal returns, making it a beneficial investment for long-term holders.