XRP price decline: short-term forecast and analysis

XRP’s current price of $2.14 on Saturday morning reflects a 4% decrease in the past 24 hours, which is consistent with a broader downward trend in the cryptocurrency market triggered by increasing global economic tensions. The recent decision by the U.S. Court of International Trade to overturn tariffs has added to the market’s volatility, resulting in liquidations of over $29 million in XRP long positions.

Several key factors have contributed to XRP’s price decline. Firstly, the reversal of U.S. trade tariffs has raised concerns about international trade policies, impacting investor confidence in various risk assets, including cryptocurrencies. In terms of technical indicators, XRP has fallen below its 50-day moving average, with the Relative Strength Index (RSI) signaling a neutral zone, indicating the potential for further downside if bearish momentum persists. Furthermore, many investors who experienced significant gains earlier in the year are now taking profits, putting additional selling pressure on XRP.

Analysts offer diverse predictions regarding XRP’s short-term trajectory. They have identified immediate support at $2.11 and resistance around $2.21, emphasizing that a breach below support could lead to XRP testing the $2.00 level. Looking ahead to June, expectations suggest XRP might trade between $2.08 and $2.41, with an average price of approximately $2.20 if no major market disruptions occur. Some analysts anticipate a bullish reversal if XRP manages to reclaim the $2.37 resistance level, potentially targeting $2.59 and beyond.

Despite the current challenges faced by XRP, several factors could influence its long-term value. For instance, institutional initiatives such as Webus International’s $300 million plan to integrate XRP into global payment systems could drive increased demand for the cryptocurrency. Regulatory developments, including the upcoming SEC roundtable on cryptocurrencies, may offer clarity that could impact XRP’s regulatory status and investor confidence. While some experts are optimistic about XRP’s potential to reach $8–$10 by the end of 2025, others caution that achieving such targets may heavily rely on significant adoption and regulatory clarity.

In conclusion, it is essential for investors to remain vigilant of key support levels and forthcoming regulatory events that could shape XRP’s trajectory. While short-term volatility is to be expected, the long-term outlook will likely hinge on the extent of institutional adoption and regulatory certainty surrounding XRP in the cryptocurrency market.