In a dramatic comeback, XRP has rebounded from intraday lows in a turbulent session that left traders on edge. On June 21, the digital asset plunged over 6% in a swift sell-off, bottoming out at $2.011. However, by the end of the session, it had clawed its way back, forming a bullish ascending channel above the $2.04 support level, with eyes now fixed on the $2.09 resistance line.
Recovery Amidst Chaos
The cryptocurrency markets have been anything but stable, as global economic jitters continue to cast a shadow over risk assets. Trade tensions and shifting policies among leading economies have left their mark, with XRP not immune to the broader crypto landscape’s volatility. This mirrors the recent BNB price resilience amidst geopolitical tensions, highlighting the interconnectedness of crypto assets in the face of external pressures. Despite these headwinds, XRP’s technical metrics and on-chain data remain resilient, bolstered by ongoing institutional interest and Ripple’s ambitious global payments expansion.
Analysts are particularly keen on XRP’s potential to establish a new higher low, a crucial step that could herald a breakout if the $2.09 resistance is breached with convincing volume. “XRP’s ability to form a consistent ascending channel suggests a shift in momentum,” notes crypto analyst Sarah Martinez. “It’s a classic setup for a potential rally, provided the bulls can muster enough strength to clear key resistance levels.”
Technical Resilience
The price action in recent hours has been telling. XRP experienced a 6.33% range over 24 hours, slipping from $2.147 to the day’s low of $2.011 during a pronounced sell-off around the 21:00 hour. Trading volume during this period surged to over 163 million units, underscoring the intense pressure on the asset. Yet, the recovery was swift.
By forming a higher low at $2.042 and pushing towards $2.083, XRP demonstrated renewed buyer interest. In the session’s final hour, the token climbed from $2.078 to $2.089, riding on a robust 1.38 million volume surge at 06:20. This trajectory has crafted a short-term ascending channel, characterized by sequential higher lows at $2.079, $2.082, and $2.083.
Looking Ahead
The technical outlook remains cautiously optimistic. Resistance is now firmly set between $2.089 and $2.090, while the support range holds steady between $2.011 and $2.042. With the MACD crossing into positive territory and the RSI hovering at a neutral 54, conditions appear ripe for further upward movement. But it’s not a done deal yet—clearing resistance with sufficient volume is critical.
The XRP market is not without its skeptics. Some traders question whether the bullish momentum can be sustained in such a jittery market environment. This sentiment is echoed in our recent analysis of crypto exchange tokens, where market conditions have led to unexpected winners amidst the volatility. “While the setup is promising, the broader market conditions are far from favorable,” warns crypto strategist David Lin. “Investors should brace for volatility as global economic factors continue to weigh heavily.”
As XRP treads this uncertain path, the crypto community watches closely for any signs of a shift in market sentiment. Will XRP break through the $2.09 threshold and spark a rally, or will external economic pressures stifle its ascent? Only time will tell, but one thing is certain: the coming days in June 2025 will be pivotal for XRP traders and investors alike.
Source
This article is based on: XRP Rebounds From Intraday Lows, Forms Bullish Pattern Above Key Support
Further Reading
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
