XRP News Today: XRP Rebounds 3% After Finding Support At $2.08

XRP, the cryptocurrency, is currently trading near $2.15, showing signs of stabilization after a sharp decline below $2.10 during the June 5 session. The asset found support at a key trendline and Fibonacci zone, attempting a short-term rebound. However, overhead resistance zones remain strong, limiting immediate upside potential.

Following a deep pullback from the $2.56 region in late May, XRP found fresh demand near $2.08, a confluence of prior support and the 0.618 Fibonacci retracement zone. The daily chart shows price attempting to rebound from that level, with a bullish hammer candle hinting at renewed buyer interest.

On the 4-hour chart, XRP is now trading just above $2.15, testing a narrow descending trendline that previously acted as resistance. If bulls can push past $2.19–$2.22, the next upside target emerges at $2.28, where price last faced heavy selling pressure.

Momentum indicators signal mixed strength. RSI on the 30-minute chart has risen to 59.87, indicating a shift from bearish to neutral territory. MACD has crossed into positive momentum, with the histogram steadily climbing since the June 6 bottom. This is supported by early strength in Stoch RSI, which is now deep in the overbought zone above 94. Such a reading may precede a brief consolidation or minor pullback.

The Ichimoku Cloud shows XRP attempting to break into the Kumo from below on the 30-minute timeframe. The Tenkan-sen and Kijun-sen are bullishly aligned, but the flat top of the cloud at $2.18 could serve as resistance during the next leg higher.

The 4-hour Bollinger Bands show XRP pushing back toward the midline, currently near $2.20. A clean break above this level would signal a reclaim of momentum, with further upside possible toward the upper Bollinger Band near $2.30.

Ask Aime: Can XRP rebound? What's the next target?

Key resistance zones to watch are $2.18–$2.22, $2.28, and $2.56. On the downside, XRP price is supported at $2.08, $2.04–$2.00, and $1.93. Until XRP breaks decisively above $2.28 or loses support below $2.00, XRP price volatility may remain elevated within this range.

The strong bounce from $2.08, aided by technical recovery signals and a broader risk-on tone across altcoins, is the reason behind XRP's price increase today. Indicators such as RSI and MACD confirm early bullish momentum on lower timeframes, while the 30-minute Ichimoku setup hints at possible continuation if XRP can flip $2.18 into support.

Overall, XRP price update suggests the asset is entering a reactive bounce phase, with upside capped by strong resistance between $2.22 and $2.28. A daily close above $2.30 would be needed to confirm a stronger reversal trend. For now, traders should expect short-term price swings within a defined range, driven by momentum fluctuations and market sentiment shifts.