XRP News Today: XRP Recovers 0.7% After 18% Weekly Decline

XRP, the cryptocurrency associated with Ripple, is showing signs of recovery after a sharp decline earlier this week. Currently trading near $2.15, XRP has seen a modest increase of approximately 0.7% in the last 24 hours. This recovery comes as the broader market remains in a state of consolidation, with XRP's price action indicating early signs of stabilization after bouncing off a critical weekly Fibonacci level.

Over the past week, XRP's price corrected from the $2.60 zone, shedding nearly 18% and briefly dipping toward $2.08 before stabilizing. This correction found support near the 0.382 Fibonacci retracement level on the weekly chart, a zone that has historically served as strong demand. This bounce comes amid growing interest from retail traders and renewed speculative activity around potential ETF approvals for XRP in mid-2025.

On the 4-hour chart, XRP's price action has reclaimed the $2.14–$2.15 region after a failed breakdown. This zone aligns with a minor horizontal support and lies just beneath the 20 and 50 exponential moving averages, which now act as initial resistance barriers near $2.22 and $2.27, respectively.

Momentum indicators are starting to tilt bullish. On the 30-minute and 4-hour timeframes, the MACD histogram has flipped green following a crossover, indicating that bearish momentum is fading. Meanwhile, the RSI on the 4-hour chart has risen from oversold territory and now reads 55.93, suggesting that bulls are gradually regaining control. On shorter timeframes, RSI is also trending higher, providing confluence with MACD signals.

Bollinger Bands show XRP attempting a reversion from the lower band toward the midline, with price currently hovering in the $2.14–$2.16 region. This behavior often signals a volatility contraction phase, which typically precedes a directional move. Ichimoku Cloud on the 30-minute chart shows price attempting to break into the lower span of the Kumo cloud, with Tenkan-Sen and Kijun-Sen converging around $2.15. A successful push above the $2.18–$2.20 zone would indicate a possible cloud breakout, which would strengthen the bullish case further into early June.

From a structural perspective, XRP remains within a broader downward-sloping channel on the daily chart. The token needs to clear the $2.30–$2.35 resistance area, which marks the confluence of the upper Bollinger Band and the 100-day EMA, to confirm a breakout. If bulls succeed, the next target could be $2.45, followed by $2.61, which is a key supply zone tested in May. On the downside, if the XRP price fails to hold above $2.10, a retest of $2.00 becomes likely. This level aligns with the 200 EMA and remains a strong demand area that has absorbed prior dips.

The recent uptick in XRP's price can be attributed to multiple technical and sentiment-driven factors. The rejection near the $2.08 support zone triggered a short squeeze as bearish traders were forced to cover positions. Additionally, rising optimism surrounding Ripple’s ongoing institutional partnerships and chatter around legal developments has sparked renewed speculative demand. The bounce also aligns with the broader crypto market’s resilience, particularly as Bitcoin and Ethereum also recover from their weekly lows.

According to the analyst's forecast, the expected price range for XRP on 1st June 2025 is between $2.10 and $2.28. The support level is at $2.08, while the resistance level is between $2.28 and $2.30. The trend bias is a short-term rebound inside a descending channel. The RSI on the 30-minute chart is at 55.93, indicating a neutral-bullish trend recovering from the lower band. The MACD on the 30-minute chart shows a bullish crossover with a positive histogram build-up. The Ichimoku Cloud indicates that the price is attempting to enter the cloud with resistance at $2.18. Bollinger Bands show a lower band rebound with a middle band target at $2.22. The price is below the 20/50/100 EMAs, with the next EMA test at $2.22. The volatility outlook is rising, with an early breakout attempt from the intraday pattern. The short-term signal is an accumulation bounce with minor bullish momentum building.