Thursday, June 5, 2025
Daily Crypto Post
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • Learn
  • About
  • Contact
No Result
View All Result
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • Learn
  • About
  • Contact
No Result
View All Result
Daily Crypto Post
No Result
View All Result

XRP Price Prediction for June 06 2025: Bulls Defend Key $2.10 Support Zone

Munene Timothy by Munene Timothy
June 5, 2025
in Market, News, Price Analysis
Reading Time: 4 mins read
XRP Price Prediction for June 06 2025 Bulls Defend Key $2.10 Support Zone
Share on FacebookShare on TwitterShare on RedditShare on Telegram
  • XRP trades below both 50- and 200-day MAs, indicating short-term bearish momentum and technical weakness.
  • Daily Active Addresses fall to 11.5K, showing reduced interest, but total holders rise to 6.53M, indicating long-term confidence.
  • XRP may rebound to $2.30–$2.46 if support holds and activity rises, but a break below $2.10 risks drop to $2.00 or $1.85.

XRP is facing pressure as it trades around an important support zone. On June 5, 2025, at the time of writing, XRP was trading at $2.18, down by 2.25% in the past 24 hours. Over the past week, it dropped 4.17%, although it gained 4.01% over the month. 

The market cap is at $128.6 billion, down by 2.29%, while the 24-hour trading volume dropped 17.12% to $1.99 billion. The current price indicates a broader correction from its February peak near $3.387. Since that high, XRP has had continued selling pressure with multiple failed recovery attempts. 

Related articles

Ethereum Eyes Breakout as Whale Activity Surges and ETF Inflows Rise

Ethereum Eyes Breakout as Whale Activity Surges and ETF Inflows Rise

June 5, 2025
Hoskinson Supports Wood’s Vision to End Blockchain Tribalism and Foster Cross-Chain Unity

Hoskinson Supports Wood’s Vision to End Blockchain Tribalism and Foster Cross-Chain Unity

June 5, 2025

Bearish Crossover and Price Below Key Averages

XRP is now trading below both its 50-day and 200-day moving averages, both meeting around $2.31. This pattern shows bearish momentum, as per the technical configuration. 

XRP price dynamics chart, Source: Santiment

Notably, a recent crossover of the MA50 below the MA200 shows increased short-term weakness. Without fresh buying interest or external factors, the token is vulnerable to further declines. 

The market has also shown low volatility, with June 5’s candle closing slightly lower at $2.1889 from its open at $2.2009. The day’s range stayed tight between $2.2147 and $2.1858, showing limited directional conviction.

Bollinger Bands and Volume 

XRP is trading below the middle Bollinger Band at $2.2891 and close to the lower band at $2.1149. This setup suggests mild bearish pressure as the price approaches potential support. Volume levels are stable, with 20.1 million tokens exchanged, but no surge has occurred to confirm a trend. 

XRP/USDT 1- day price chart, Source: TradingView

Meanwhile, XRP’s MVRV Z-Score is at 28.9851. This value places it within a neutral range, between the overvalued zone at 58.5976 and undervalued at 7.0728. This suggests the  market is holding strong, awaiting a stronger signal before committing.

Address Activity Declines While Holder Count Grows

As per Santiment, there has been a drop in Daily Active Addresses (DAA), now down to 11.5K from a peak earlier in March. This decline indicates reduced short-term interest or ongoing consolidation. 

However, the total number of holders has climbed to 6.53 million, showing consistent growth. This steady increase in holder count may reflect long-term positioning despite the short-term weakness. If the support between $2.00 and $2.10 holds, it could establish the base for an upcoming shift.

Potential Price Targets for June 06 2025

On the upside, XRP may target $2.30 to $2.46 if buying pressure resumes and DAA rises above 20K. However, if $2.10 breaks, XRP could drop toward $2.00 or possibly $1.85, especially with persistent low activity.

XRP trades within a consolidation zone marked by technical weakness but steady long-term support. The bearish crossover, lower DAA, and proximity to support levels underline short-term caution. However, rising holder counts and stable market outlook shows resilience that could influence the asset’s next move.

Tags: Price AnalysisRipple (XRP) News

Related Posts

Ethereum Eyes Breakout as Whale Activity Surges and ETF Inflows Rise

Ethereum Eyes Breakout as Whale Activity Surges and ETF Inflows Rise

by Irene Mukiri
June 5, 2025

Institutional giants accumulate over $880M in ETH, signaling long-term bullish conviction. Ethereum ETF inflows hit $650M in 12 days, capturing...

Hoskinson Supports Wood’s Vision to End Blockchain Tribalism and Foster Cross-Chain Unity

Hoskinson Supports Wood’s Vision to End Blockchain Tribalism and Foster Cross-Chain Unity

by Veronicah Peninah
June 5, 2025

Gavin Wood proposes separating tokens from networks to promote cross-chain interoperability. Charles Hoskinson supports shifting from tribal loyalty to cooperative...

Bitcoin Hovers Near $105K as Analysts Eye Liquidity Sweep Before Potential Breakout

Bitcoin Hovers Near $105K as Analysts Eye Liquidity Sweep Before Potential Breakout

by Jonathan Carls
June 5, 2025

Bitcoin’s $100K support is critical as traders eye a potential bullish reversal Options data shows declining conviction despite the market’s...

Ethereum and Altcoins Enter Accumulation Zone as Fed Liquidity Shift Looms

Ethereum and Altcoins Enter Accumulation Zone as Fed Liquidity Shift Looms

by Munene Timothy
June 4, 2025

BlackRock grew its ETH holdings by 40% between Dec 2024 and June 2025, totaling $4B without ETH hitting past highs....

Musk Faces Backlash Over Anti-Spending Remarks as Report Reveals $38B in Government Support

Musk Faces Backlash Over Anti-Spending Remarks as Report Reveals $38B in Government Support

by Veronicah Peninah
June 4, 2025

Elon Musk’s companies have received at least $38 billion in government contracts, subsidies, and tax incentives since 2007. Arthur Hayes...

Load More

Recent News

  • Ethereum Eyes Breakout as Whale Activity Surges and ETF Inflows Rise
  • Hoskinson Supports Wood’s Vision to End Blockchain Tribalism and Foster Cross-Chain Unity
  • XRP Price Prediction for June 06 2025: Bulls Defend Key $2.10 Support Zone
  • Bitcoin Hovers Near $105K as Analysts Eye Liquidity Sweep Before Potential Breakout
  • Ethereum and Altcoins Enter Accumulation Zone as Fed Liquidity Shift Looms

Popular News

  • Altcoins Slide as RIO Crashes 9% and XLM Holds Steady Amid $721M Liquidation

    Altcoins Slide as RIO Crashes 9% and XLM Holds Steady Amid $721M Liquidation

    193 shares
    Share 77 Tweet 48
  • Shiba Inu (SHIB) Price Prediction for May 18: Recovery Pause or Breakdown Ahead?

    192 shares
    Share 77 Tweet 48
  • Tariff Turmoil Boosts BTC as Traders Spot Early Signs of Buyer Comeback

    195 shares
    Share 78 Tweet 49
  • SUI Holds Strong After $220 Million Cetus Exploit, Eyes New Highs with Rapid Expansion

    191 shares
    Share 76 Tweet 48
  • Shiba Inu Price Prediction for May 10: Can SHIB Hit $0.000017?

    191 shares
    Share 76 Tweet 48

Live Crypto News | Bitcoin and Altcoins News & Insights.

Recent News

Ethereum Eyes Breakout as Whale Activity Surges and ETF Inflows Rise
Ethereum Eyes Breakout as Whale Activity Surges and ETF Inflows Rise
June 5, 2025
Hoskinson Supports Wood’s Vision to End Blockchain Tribalism and Foster Cross-Chain Unity
Hoskinson Supports Wood’s Vision to End Blockchain Tribalism and Foster Cross-Chain Unity
June 5, 2025
XRP Price Prediction for June 06 2025 Bulls Defend Key $2.10 Support Zone
XRP Price Prediction for June 06 2025: Bulls Defend Key $2.10 Support Zone
June 5, 2025

© Daily Crypto Post. Live Crypto News | Bitcoin and Altcoins News & Insights. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • Learn
  • About
  • Contact