XRP Technical Analysis: Market Trends on June 15, 2025

Technical analysis of XRP on June 15, 2025, focusing on resistance, support, and indicators.

On June 15, 2025, XRP is in a price consolidation phase, reflecting market uncertainty. The current price stands at approximately $2.12, down 0.68% over the past 24 hours. This technical analysis examines key resistance and support zones, critical indicators, and potential market trends. **Resistance and Support Zones** XRP’s primary resistance zone lies between $2.34 and $2.55. This range has repeatedly capped upward moves, acting as a strong ceiling. A breakout above this level could lead to a push toward $2.70. Conversely, key support is found between $1.98 and $2.12. This zone has recently served as a price floor and is likely to attract buyers if the downtrend continues. **Technical Indicators** The Relative Strength Index (RSI) is at 41, indicating a mildly bearish signal. This level suggests the market is not yet oversold, but selling pressure remains dominant. The 50-day moving average (MA50) is around $2.20, and the current price is below this level, reflecting short-term seller dominance. The 200-day moving average (MA200) at approximately $1.90 acts as a long-term support. **Price Pattern Analysis** On the daily timeframe, XRP has formed a symmetrical triangle pattern, typically signaling consolidation before a significant move. This pattern emerged after a 31% drop from the $3.37 high in January. On the weekly timeframe, XRP is in a prolonged consolidation range between $1.98 and $2.72, ongoing since early 2025. This consolidation may indicate accumulation for a potential bullish or bearish breakout. **Potential Scenarios** In the short term, XRP is likely to test the $1.98 to $2.12 support zone. This level could offer a buying opportunity at lower prices. If the price stabilizes above $2.20, a retest of the $2.34 resistance becomes likely. Trading volume at these key levels will be critical in determining the next market direction. Traders should monitor price reactions closely. **Conclusion** Based on current data, XRP faces short-term selling pressure with potential consolidation at key support levels. However, the prolonged consolidation may precede a significant move. Traders should prioritize risk management and wait for confirmation signals at critical zones. External factors, such as news about spot XRP ETFs, could influence the trend, but the current technical analysis emphasizes short-term bearish pressure.