XRP Technical Analysis: Market Outlook for June 10, 2025

Technical analysis of XRP on June 10, 2025, covering support/resistance zones and indicators.

The technical analysis of XRP on June 10, 2025, indicates a market influenced by broader cryptocurrency trends and significant volatility. Currently, XRP is trading around $2.28, reflecting a 1.65% decrease from the previous day. Signs of a short-term correction are emerging, prompting traders to reassess their strategies. **Support and Resistance Zones** The key resistance zone for XRP lies between $2.58 and $2.62. This level has recently acted as a strong price ceiling, repeatedly halting upward momentum. A breakout above this zone could propel XRP toward $3.4. On the downside, the primary support zone is between $2.10 and $2.15, which has served as a solid price floor, preventing further declines. Should this support fail, the next level to watch is around $1.8. **Technical Indicators** The Relative Strength Index (RSI) on the daily timeframe stands at 41.73, indicating conditions close to oversold territory. This suggests a potential price reversal in the short term. The 50-day moving average (MA50) is around $2.35, while the 200-day moving average (MA200) is near $2.05. The price is currently below MA50 but above MA200, signaling a neutral short-term trend and a bullish mid-term outlook. The MACD, with a value of -0.027, shows a sell signal, but diminishing bearish momentum could soon lead to a buy signal. **Price Pattern Analysis** On the daily timeframe, XRP is forming a consolidation pattern, similar to the one observed between June and November 2017, which typically precedes a significant price move. On the 4-hour timeframe, the price is near a demand zone between $2.10 and $2.15, suggesting a potential bullish reversal. However, trading volume has recently declined, indicating a slowdown in market momentum. **Market Outlook and Recommendations** Based on current data, XRP may experience a short-term correction toward $2.10, which could present a buying opportunity at lower levels. Traders should closely monitor the $2.62 resistance, as a breakout could trigger a strong bullish rally. Risk management is critical in this volatile market, and setting stop-loss orders is highly recommended. In the mid-term, XRP retains bullish potential, with the possibility of reaching levels like $4, supported by market structure and the potential approval of spot XRP ETFs. Fundamental factors, such as the growing adoption of Ripple’s network for international transactions, further bolster this outlook.