XRP remains under pressure in June: since the beginning of the month, the cryptocurrency has lost more than 15%. Although the price managed to recover slightly, thanks to easing tensions in the Middle East, it has not yet achieved a sustained breakout.
Spot XRP ETFs are also showing restrained development. According to SoSoValue data, the products recorded net inflows of only 2.62 million dollars in the first week of June. Over the following two weeks, inflows increased to around 10 million dollars in each week.
Additional selling pressure is coming from the largest XRP investors. Data from analytics platform Santiment shows that whales sold more than 30 million XRP between June 12 and June 17. Crypto analyst Ali Martinez drew attention to this trend. The key question now is whether the XRP price can withstand the pressure.
XRP: what is moving the price now
Over the last 24 hours, XRP traded between 1.1342 dollars, the low, and 1.1560 dollars, the high, based on the last six 4-hour candles. XRP currently closed at 1.1518 dollars, slightly above the previous day’s closing price of 1.1472 dollars. Market capitalization stands at around 71,341,836,826 dollars, providing context for the scale of the coin.
The price is trading just below the EMA-20 at 1.1525 dollars and shows a short-term sideways sequence with narrow highs and lows. Key support is located at 1.1342 dollars, while immediate resistance is found at 1.1560 dollars and the Fibonacci level of 1.1667 dollars. As long as the price remains below the EMA-20, the technical picture stays neutral, with a slight upward bias within the medium-term uptrend.
“The market structure is consolidating”
The RSI is around 51.00, signaling neither overbought nor oversold conditions. The histogram shows slight positive acceleration, indicating decreasing downside pressure and short-term stabilization. Bollinger Band width is around 0.0473 dollars, with the upper band at 1.1684 dollars and the lower band at 1.1211 dollars, representing a range of around 4.1%. The market is consolidating with moderate volatility; larger directional decisions depend on breakouts beyond the bands.
XRP forecast: how high the price can rise now
Neutral scenario
XRP is currently in a consolidation phase and trading near the EMA-20. The RSI fluctuates between 45 and 55 points, signaling a lack of trend strength. As long as neither support at 1.1342 dollars nor resistance at 1.1560 dollars is broken, the price is likely to remain in a range between 1.12 and 1.17 dollars.
Bullish scenario
If XRP breaks above 1.1560 dollars and then surpasses the Fibonacci level at 1.1687 dollars, the upward trend could continue. Supported by rising volume and an RSI above 55 points, a move toward the previous high at 1.2935 dollars would be possible.
Bearish scenario
If XRP falls below support at 1.1342 dollars, selling pressure is likely to increase. An RSI below 45 points would further confirm the weakness. In this case, the price could first test the lower Bollinger Band at 1.1211 dollars and then decline toward the area between 1.09 and 1.05 dollars.
Conclusion:
XRP is consolidating near the EMA-20 as modest ETF inflows and whale selling create mixed signals. A break above 1.1560 dollars and 1.1687 dollars could support a move toward 1.2935 dollars, while a fall below 1.1342 dollars may increase downside pressure toward 1.1211 and 1.05 dollars.
Disclaimer: The technical analysis information was created with the help of software tools and AI systems. It does not constitute a recommendation to buy or sell.
