XRP Technical Analysis: Market Outlook on June 9, 2025

Technical analysis of XRP on June 9, 2025, covering support/resistance zones, indicators, and market trends.

The technical analysis of XRP on June 9, 2025, indicates a market in consolidation with potential for a mid-term bullish move. XRP’s current price is around $2.30, down 1.06% from the previous day. The price is trading within a consolidation range between $2.05 and $2.65, reflecting market indecision. On the 4-hour timeframe, XRP is forming a symmetrical triangle pattern, typically a neutral pattern where the next move depends on a breakout. Resistance lies at $2.58 to $2.65, and support is at $2.05 to $2.15. A break above $2.58 could push the price toward $3.00 to $3.40, while a break below support may lead to a drop to $1.80. The RSI stands at 48, indicating neutral conditions with slight bullish potential. The MACD is approaching the signal line, which could signal the start of a bullish move, though it’s not yet confirmed. Trading volume has recently declined, but a volume spike on a resistance break could confirm a bullish move. From a fundamental perspective, updates on the Ripple-SEC lawsuit continue to play a significant role in price action. Reports suggesting a 98% chance of spot XRP ETF approval by the end of 2025 have boosted investor confidence. Recent inflows of $17 million into the market indicate growing interest. However, the broader crypto market, particularly Bitcoin’s movements, can influence XRP. On the daily timeframe, XRP remains in a long-term ascending channel but has been in a re-accumulation phase since early 2025. The $2.05 support level has been tested multiple times and has held firm against deeper declines. If this level holds, the likelihood of breaking the $2.65 resistance and targeting $3.40 increases. For traders, the best approach is to wait for a breakout confirmation. For long positions, a strong break above $2.58 with high volume could be a solid entry point. For short positions, a drop below $2.05 could offer short-term opportunities. Risk management with stop-loss orders at $2.75 for longs and $2.00 for shorts is recommended. Overall, XRP is at a pivotal point. The current consolidation could precede a significant move, and traders should be prepared for sudden shifts. External factors like SEC news and Bitcoin’s trend could be decisive.