Technical Analysis of XRP: Market Outlook on June 29, 2025

Technical analysis of XRP on June 29, 2025, focusing on key support/resistance and indicators.

As of June 29, 2025, XRP is in a corrective phase, with technical analysis pointing to a short-term bearish trend. The current price hovers around $2.19, near a key resistance zone between $2.38 and $2.45. This zone has historically acted as a strong price ceiling, and recent price action shows rejection from this level, indicating seller dominance in the short term. On the four-hour chart, XRP failed to sustain a breakout above a descending trendline and is now consolidating below it. A critical support zone lies around $2.05, which has previously served as a strong demand area. Should this level break, a deeper correction toward $1.90 is possible, aligning with the 0.618 Fibonacci retracement level. The Relative Strength Index (RSI) is currently at 38, indicating a neutral state with a slight bearish bias. The 200-day Moving Average (MA200) at approximately $2.20 acts as dynamic support. If the price remains below this level, selling pressure could intensify. However, staying above the MA200 could signal a mid-term bullish reversal. From a price pattern perspective, XRP is forming a descending triangle, which could indicate further downside. Still, a temporary bounce to $2.25 before resuming the downtrend is possible. Fundamental factors, such as legal regulatory news and potential XRP ETF developments, are also driving price volatility and have recently garnered significant attention. For traders, the optimal strategy is to wait for confirmation of a breakout above resistance or below support. Setting stop-loss orders below $2.05 for short trades or above $2.45 for long trades is advisable. Risk management is crucial in this volatile market, as XRP is prone to sudden price movements due to its nature and related fundamental news. Overall, the current outlook suggests XRP may test lower support levels in the short term, but holding above the MA200 could indicate mid-term bullish potential. Traders should closely monitor the market and avoid impulsive decisions.