XRP price today: Bearish momentum increases as key support breaks

XRP’s price has reached a crucial junction as it hovers near a critical support level, with recent technical analysis and onchain data suggesting an increased risk of downside movement in the early days of June 2025. Currently valued at around $2.13, XRP has experienced an 18% decline from its peak of $2.65 in May. A recently formed inverted V-shaped pattern on the daily chart indicates a potential 20% decrease towards the $1.70 demand area, fueling concerns among analysts.

The Relative Strength Index (RSI) has fallen from 68 to 41 since mid-May, reflecting a growing bearish sentiment in the market. Furthermore, the price has broken below its upward channel, with three consecutive daily closures below the lower trendline, signaling further bearish pressure. Experts caution that without a shift in momentum, XRP could drop to $1.72 or even lower, highlighting the ongoing bearish trend.

A bearish divergence has also emerged on XRP’s weekly chart, with price action showing higher lows from late 2024 to mid-2025 while the weekly RSI has decreased from 92 to 51. This disparity typically indicates a weakening uptrend, often preceding corrections due to diminishing buying interest. With substantial resistance at levels between $2.50 to $2.65, XRP may struggle to break higher in the near term.

The activity on the XRP Ledger has seen a significant decline over the past few months, with Daily Active Addresses (DAA) dropping from a peak of 608,000 in March to just 31,200 and new addresses decreasing by over 70%, from 15,800 to 4,400. These reductions suggest a waning interest from users and decreased liquidity, characteristics that often precede sharp price declines. Onchain data indicates a potential “denial” phase among long-term holders, a psychological stage historically associated with local price peaks.

Analysts have identified key downside targets for XRP, including $1.70, which marks the neckline of the inverted V pattern and a significant support level, $1.25 projected from a descending triangle breakdown observed in late May, and $1.06, the realized price of XRP based on onchain data, where previous corrections have found support. While some optimistic speculators suggest a long-term target of $27 if XRP’s market cap reaches $1.5 trillion, such projections are considered highly speculative.

Moving forward, traders will closely monitor for any potential rebound from the $1.70 zone, reversals in RSI trends, and improvements in onchain metrics indicating renewed network activity. Absent these signals, XRP may continue its downward trajectory throughout June 2025.