As of Saturday morning on May 31, 2025, XRP is trading at $2.14, marking a 4% decline over the past 24 hours. This drop aligns with a broader cryptocurrency market selloff triggered by escalating global economic tensions.
Notably, the appeal of the U.S. Court of International Trade’s decision to overturn tariffs has contributed to market volatility, leading to over $29 million in XRP long position liquidations.
Key Factors Behind XRP’s Price Decline
- Global Economic Tensions: The recent overturning of U.S. trade tariffs has reignited concerns over international trade policies, impacting investor sentiment across risk assets, including cryptocurrencies.
- Technical Indicators: XRP has fallen below its 50-day moving average, with the Relative Strength Index (RSI) in a neutral zone, suggesting potential for further downside if bearish momentum continues.
- Profit-Taking Behavior: After a significant rally earlier in the year, many investors are securing profits, adding to the selling pressure on XRP.
Near-Term XRP Price Projections
Analysts offer a range of predictions for XRP’s short-term trajectory:
- Support and Resistance Levels: Immediate support is identified at $2.11, with resistance around $2.21. A break below support could see XRP testing the $2.00 level.
- June Forecast: Expectations for June suggest XRP may trade between $2.08 and $2.41, with an average price around $2.20, assuming no significant market disruptions.
- Potential for Recovery: Some analysts anticipate a bullish reversal if XRP can reclaim the $2.37 resistance level, potentially targeting $2.59 and beyond.
XRP Long-Term Outlook
Despite current challenges, several factors could influence XRP’s value in the longer term:
- Institutional Adoption: Initiatives like Webus International’s $300 million XRP reserve plan aim to integrate XRP into global payment systems, potentially increasing demand.
- Regulatory Developments: The upcoming SEC roundtable on cryptocurrencies may provide clarity, impacting XRP’s regulatory standing and investor confidence.
- Market Sentiment: While some experts predict XRP could reach $8–$10 by the end of 2025, others caution that without significant adoption and regulatory clarity, such targets may be optimistic.
What’s Next For XRP
XRP’s recent price decline reflects broader market uncertainties and specific challenges facing the token.
Investors should monitor key support levels and upcoming regulatory events that could influence XRP’s trajectory.
While short-term volatility is expected, long-term prospects will depend on institutional adoption and regulatory clarity.
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