XRP faces resistance at $2.30, with a breakout above this level potentially triggering a bullish rally toward $2.50-$2.55.
Institutional involvement remains robust, with continued inflows into XRP-based ETFs, signaling strong market sentiment.
Legal developments and derivatives market activity are key factors to monitor, as XRP's price could be heavily influenced by Ripple's legal case and increased trading volume.
XRP is currently consolidating near key support levels after a period of volatility. As of June 6, 2025, XRP is trading around $2.12, showing a 2.85% increase on the day. However, despite some upward momentum, the asset faces strong resistance near the $2.30 mark, leaving traders and investors uncertain about its next major move.
Let’s dive into XRP’s technical analysis and explore key levels to watch for a potential breakout or retracement.
XRP has remained resilient in the face of market turbulence, with institutional involvement and on-chain activity supporting its upward trajectory. The recent price action has seen XRP fluctuate within a tight range, between $2.08 and $2.26 over the past month.
The $2.10 - $2.20 range is now becoming a crucial pivot point, with buyers holding support near the lower end, while the resistance at $2.30 has repeatedly capped XRP’s rally.
Recent macroeconomic events have had a mixed impact on XRP, with positive sentiment in the digital assets space offset by broader market caution and fluctuations in institutional flows.
Additionally, with XRP’s strong community and legal progress, its price could see another surge in momentum if it can break above key resistance levels.
XRP’s daily chart shows that the price is forming a triangle pattern, indicating a potential breakout could be imminent.
Support Levels: XRP finds strong support at $2.08 and $2.10, with the 50-day EMA acting as dynamic support. The 200-day EMA, sitting at $2.03, provides long-term support and has historically served as a significant demand zone during previous corrections.
Resistance Levels: XRP faces immediate resistance at $2.30, where the 0.618 Fib level intersects with the top of the consolidation range. This is a critical level to watch, as a breakout above this could pave the way for further upside.
Potential Breakout Targets: If XRP breaks through the $2.30 - $2.35 range, the next significant resistance zone lies between $2.50 and $2.55. This area aligns with a previous high from April 2025 and the 0.786 Fib level. A break above these levels could signal a strong bullish continuation towards the $2.80 region.
The Stochastic RSI (StochRSI) is currently reading at 27.03, which is in the neutral-to-bullish zone, indicating that XRP is not yet overbought and has room for further upside.
The upward momentum shown by the StochRSI suggests that if XRP holds above the $2.10 support level, it could continue to rise, potentially pushing towards higher resistance levels around $2.30.
As the StochRSI continues to trend upward, a move toward 50 or higher would further support the bullish outlook, signaling a potential rally toward the $2.50-$2.60 range.
Also Read: XRP Sinking in 2025: Why Its Top Catalyst Isn’t Enough
Looking at the XRP derivatives market, there are several strong indicators pointing to continued bullish momentum. Data from Coinglass shows that XRP has seen increasing open interest (OI), signaling rising capital commitment in the futures market. This is a sign that institutional investors are preparing for a move, with long positions dominating on several platforms.
Open Interest (OI): Up 3.87% to $3.77 billion, suggesting increasing capital commitment and a growing base of investors holding positions.
Futures Volume: The futures market has seen a rise in volume by 66.46%, totaling $5.66 billion in the last 24 hours. This suggests heightened trader activity, especially on exchanges like Binance and OKX.
Options Volume: Down by 18.99%, with $1.61 billion in options volume. The shift in volume towards futures indicates that traders are favoring direct exposure to XRP rather than hedging with options during the consolidation phase.
Binance XRP/USDT: Standing at 3.04, which indicates a strong bullish bias, with more traders positioning long in anticipation of a breakout.
OKX XRP: At 2.60, reinforcing the sentiment that the market is leaning towards bullish expectations.
The XRP OI-Weighted Funding Rate has remained positive, indicating that long positions are willing to pay a premium to maintain their positions. This suggests an optimistic outlook for further upside, provided the price remains above the $2.08-$2.10 support level.
Institutional involvement in XRP remains robust, with BlackRock's XRP ETF experiencing $20.3 million in inflows recently. Over the past few weeks, XRP-based ETFs have recorded $70 million in cumulative inflows. This continued institutional support underscores the positive sentiment surrounding the cryptocurrency.
On-chain activity also suggests a growing interest in XRP, with 5% more active addresses in the past month, indicating an increase in demand and interest from both retail and institutional investors.
Webus International, based in China, has filed with the SEC to create a $300 million XRP-focused treasury. The firm will fund the initiative through loans and credit facilities, rather than issuing new shares.
The company plans to integrate Ripple’s payment network to improve cross-border payment solutions for its global chauffeur services. This follows VivoPower International’s similar move with a $121 million XRP treasury, indicating growing corporate adoption of XRP.
Shares of Webus International surged 9% after the announcement, and XRP saw a 2% increase in the past 24 hours, in line with broader market trends. The XRP Ledger will be used for efficient settlements in cross-border rides and driver payouts.
Also Read: Ripple XRP Rally to $21? Forecast Suggests 800% Jump if SEC Case Resolved
XRP’s price has been significantly influenced by legal developments, particularly regarding its ongoing case with the U.S. Securities and Exchange Commission (SEC). Recent positive updates regarding XRP's legal standing have contributed to the bullish sentiment surrounding the asset.
A favorable ruling could lead to increased confidence in XRP’s future, driving more institutional and retail interest.
As XRP’s legal battle progresses, traders and investors are closely monitoring the impact on market sentiment. If the case resolves positively for Ripple, this could be a major catalyst for XRP’s price, potentially driving it above key resistance levels.
XRP's price action over the next few days will be crucial in determining its medium-term trajectory. Key levels to watch include:
Support at $2.08 and $2.10: If these hold, a breakout above $2.30 could trigger a bullish rally towards $2.50 - $2.55.
Resistance at $2.30: Breaking above this level could unlock upside potential towards $2.80 - $3.00, especially if supported by increased futures volume and positive funding rates.
Derivatives Market: Keep an eye on the open interest and funding rates. A sudden increase in short squeezes could propel XRP into a strong bullish phase.
XRP remains fundamentally strong, consolidating near key support zones and facing resistance around the $2.30 mark. With robust institutional inflows, a positive derivatives market, and improving on-chain metrics, the medium-term outlook for XRP remains bullish. If it can break above resistance at $2.30, the next major target lies in the $2.50 - $2.80 region.
Traders should keep an eye on market catalysts, such as increased ETF inflows, macroeconomic developments, and any major legal progress involving Ripple.