XRP (XRP) Price Prediction for 2nd June: Bearish Momentum Deepens as Price Struggles Below Key Resistance
The XRP price today remains under pressure as the market struggles to recover from May’s late selloff. Trading around $2.15 at the time of writing, XRP has broken key short-term support levels and continues to drift within a defined descending channel. Despite a brief rebound attempt near $2.22, the XRP price action suggests sellers still dominate the market ahead of the weekend.
What’s Happening With XRP’s Price?
On the 4-hour chart, XRP price has failed to reclaim the confluence zone around the 20/50 EMA near $2.25–$2.29. This dynamic resistance, combined with upper Bollinger Band rejection near $2.30, confirms bearish control. A clean breakdown from the $2.22 support on May 30 initiated a broader correction, which saw XRP drop as low as $2.08 before bouncing modestly.
Current price behavior shows lower highs and descending trendlines intersecting near $2.20. Until this area is broken decisively, bullish reversal calls remain premature.
Key Indicators Show Renewed Bearish Momentum
The RSI on the 30-minute and 4-hour charts remains weak. The 30-minute RSI has slid …
The post XRP (XRP) Price Prediction for 2nd June: Bearish Momentum Deepens as Price Struggles Below Key Resistance appeared first on Coin Edition.
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XRP (XRP) Price Prediction for 2nd June: Bearish Momentum Deepens as Price Struggles Below Key Resistance
The XRP price today remains under pressure as the market struggles to recover from May’s late selloff. Trading around $2.15 at the time of writing, XRP has broken key short-term support levels and continues to drift within a defined descending channel. Despite a brief rebound attempt near $2.22, the XRP price action suggests sellers still dominate the market ahead of the weekend.
What’s Happening With XRP’s Price?
On the 4-hour chart, XRP price has failed to reclaim the confluence zone around the 20/50 EMA near $2.25–$2.29. This dynamic resistance, combined with upper Bollinger Band rejection near $2.30, confirms bearish control. A clean breakdown from the $2.22 support on May 30 initiated a broader correction, which saw XRP drop as low as $2.08 before bouncing modestly.
Current price behavior shows lower highs and descending trendlines intersecting near $2.20. Until this area is broken decisively, bullish reversal calls remain premature.
Key Indicators Show Renewed Bearish Momentum
The RSI on the 30-minute and 4-hour charts remains weak. The 30-minute RSI has slid …
The post XRP (XRP) Price Prediction for 2nd June: Bearish Momentum Deepens as Price Struggles Below Key Resistance appeared first on Coin Edition.
Read More