XRP Technical Analysis in 16 june: Is a New Bullish Wave Coming?

XRP technical analysis on June 16, 2025: Exploring resistance, support zones, and indicators to forecast market trends.

As of June 16, 2025, XRP is trading around $2.16, in a corrective phase following significant growth in late 2024. This technical analysis uses market data, resistance and support zones, and common indicators to explore XRP’s potential trajectory. **Resistance and Support Zones** On the daily timeframe, XRP faces key resistance between $2.35 and $2.45. This zone has repeatedly capped price advances, with rejection candles showing long upper wicks. A breakout above this resistance could target $2.80 and potentially $3 in the long term. On the downside, primary support lies at $2.10, which recently triggered a price bounce. A break below this support could lead to a decline toward $1.95 or even $1.80. **Technical Indicators** The RSI on the daily chart is around 42, indicating near-oversold conditions. This level may signal a potential short-term bullish reversal. The MACD is forming a weak bullish crossover, which could confirm mild upward momentum. The 50-day moving average (MA50) at approximately $2.20 acts as dynamic resistance, while the 200-day moving average (MA200) at $2.05 supports a long-term bullish trend. **Price Pattern Analysis** On the 4-hour chart, XRP has formed a descending triangle, recently bouncing from its lower boundary. This pattern typically signals a continuation of the prior trend, but the recent bounce may indicate the end of the corrective wave. If the price breaks above $2.20, the likelihood of testing the $2.45 resistance increases. However, the bounce lacked significant volume, suggesting potential weakness in the bullish move. **Market Trend Outlook** Based on current data, XRP is likely to experience a mild bullish trend in the short term, but the $2.45 resistance is a critical barrier. Traders should monitor trading volume and price reactions at key levels. Holding the $2.10 support could lead to retesting higher resistance, but a break below this support may trigger a notable price drop. Fundamental factors, such as legal developments involving Ripple, could also impact the price. **Conclusion** XRP is currently consolidating after prior gains, and traders must closely watch key levels. Leveraging indicators and price patterns can aid in identifying optimal entry and exit points. Risk management and attention to volume shifts are crucial in this volatile market.