- XRP nears $2.45 resistance amid strong trading momentum and growing buyer signals.
- Elliott Wave suggests wave five could push XRP toward $8.44 and $27.23 targets.
- June 2025 forecast shows slight dip but maintains a 22% gain potential overall.
XRP has continued to show promising signs of recovery as the digital asset trends upward ahead of June 2025. As of press time priced at $2.43, the cryptocurrency has gained 1.55% on the day, pointing toward a strengthening sentiment. Analysts are closely watching this momentum, especially after a recent dip was quickly followed by a notable uptick.
With trading volumes exceeding $4.5 billion in 24 hours, market participants are positioning themselves for potential breakouts. However, while the short-term technicals signal optimism, deeper analysis reveals that caution remains necessary as key support and resistance levels approach.
Positive Technical Momentum with Immediate Resistance
According to analyst XtinaRP, XRP is regaining strength after a price dip earlier in the day. A surge in trading momentum pushed XRP closer to its immediate resistance at $2.45.
The support zone rests at $2.4150, forming a narrow but crucial range. Liquidation heatmaps highlight significant liquidity at the current price, suggesting that volatility may spike as the asset navigates this tight corridor.
Oscillators are currently in favor of buying, showing 9 Buy signals and 2 Neutral. This technical setup indicates a potential for a further rise, especially if XRP can push through the $2.45 resistance.
As of press time trading at $2.43 the MACD reveals weak but stable bullish pressure, with the MACD line approaching a possible crossover that may ignite a rally. Meanwhile, the RSI remains neutral at 56.42, giving XRP room to climb before hitting overbought territory.
Elliott Wave Structure Points to Long-Term Upside
Amonyx, another respected analyst, points to a developing Elliott Wave pattern suggesting XRP is entering wave five. This wave often leads to strong upward movements, especially when supported by volume and structure. If XRP maintains support above $1.36, targets around $8.44 and potentially $27.23 could come into focus, following Fibonacci extensions.
There is nothing stopping $XRP reaching $20+ now.
— Amonyx (@amonbuy) May 22, 2025
It’s inevitable 🚀 pic.twitter.com/Jkarqx8of9
However, if price fails to hold above $1.36, a decline toward $0.91 remains a possibility. These levels align with historical support and Fibonacci retracements, reinforcing their significance. Previous triangle breakouts also back the argument for sustained bullish momentum if current conditions persist.
June 2025 Forecast: Mild Dip, but Long-Term Potential Holds
Despite the recent rally, Coincodex analysts forecast for June 2025 a slight decline in average price to $2.19. Expected trading ranges fall between $1.88 and $2.55.
This modest dip does not eliminate bullish potential but indicates a possible consolidation phase. The projected average still implies a 22% gain from earlier levels, reinforcing a cautiously optimistic outlook.
