- XRP trades below MA50 & MA200, confirming continued bearish pressure and weak short-term momentum.
- RSI near oversold at 40.27 may hint at a possible bounce, but MACD stays bearish with no bullish crossover in sight.
- Volume surged 75.70% to $3.48B as traders buy the dip, yet XRP risks dropping below $2.10 if selling intensifies.
On June 6, at the time of writing, XRP was trading at $2.12, a decline of 2.83% over the past 24 hours. The asset also dropped by 2.74% over the past week and 1% over the past month. This sustained downtrend indicates investor caution as XRP trades near a key support level.
Market cap dropped to $125.22 billion, falling by 2.66%. Meanwhile, trading volume increased sharply to $3.48 billion, up 75.70%, indicating increased short-term activity amid price weakness. XRP’s fully diluted valuation is at $212.89 billion, while its circulating supply remains around 58.82 billion.
Weak Technicals and Momentum Struggle Continue
The broader technical outlook shows XRP beneath important moving averages. The price recently broke below its 50-day moving average of $2.20. It also remains below the 200-day moving average at $2.31, indicating sustained downward pressure.
No bullish crossover is currently in place, and these averages now act as resistance levels. Furthermore, XRP has posted a series of lower highs and lower lows since its 2025 peak near $3.38. This confirms a clear trend of weakening patterns over the past several weeks.
However, momentum indicators suggest the possibility of price reaction in the near term. The RSI is at 40.27, approaching oversold levels. The RSI’s moving average is higher at 44.24, underlining the current negative pressure.
XRP may bounce slightly if RSI falls closer to 30. Still, the MACD remains bearish. The MACD line is at -0.0446, below its signal line at -0.0235. The histogram value of -0.0211 confirms that downside momentum has not yet eased.
Volume Spikes While Price Faces Resistance and Support
XRP continues to find immediate support around the $2.10 mark, a critical horizontal zone to watch. Resistance is at $2.25 and stronger at $2.50. Any close below $2.10 could lead to further losses toward $2.00 or lower.
The recent spike in volume may indicate trader attempts to buy the dip. The increase in activity contrasts with the declining trend that followed XRP high earlier in the year. At the same time, the total number of XRP holders has steadily grown, now nearing 6.53 million.
Despite falling prices, this trend suggests continued interest in the asset over the longer term. The holder increase shows that the market is likely accumulating XRP, even as technical indicators remain soft.
June 07 Outlook Depends on $2.10 Support Zone
With XRP trading near support, the coming sessions present a key test of momentum. If price reclaims $2.20 and volume strengthens, a rebound could materialize. However, if downward pressure increases and $2.10 fails to hold, more losses may follow. The market remains uncertain.
On the upside, XRP could reach $2.22 – $2.30 if XRP reclaims $2.20 and RSI moves above 45. Resistance targets: $2.25 and $2.50. However, a drop to $2.00 – $2.05 is possible if $2.10 breaks, with extended loss potential toward $1.95 on rising sell pressure.
XRP continues to trade under bearish momentum, below both MA50 and MA200. The RSI suggests weakness but remains above oversold levels. Volume has risen sharply, indicating trader engagement. As XRP nears important support, the next move will likely depend on whether buyers defend the $2.10 level or sellers drive the price lower.
