In a market that never sleeps, XRP finds itself teetering on the brink of further losses as traders eye the crucial support levels that could determine its next move. As of June 2, 2025, XRP is firmly entrenched below the $2.220 mark, leaving investors to ponder whether this embattled cryptocurrency can muster the strength to mount a recovery above the $2.20 resistance—a level that has persistently eluded it.
A Slippery Slope
The cryptocurrency world is no stranger to volatility, and XRP’s recent performance underscores this reality. Following a failure to breach the $0.3250 resistance—mirroring the struggles of heavyweights like Bitcoin and Ethereum—XRP plummeted past several key supports, landing at a low of $0.2081. Since then, the token has been attempting to recoup some of its losses, hovering around the $0.2120 mark.
“XRP’s current predicament isn’t entirely surprising,” notes crypto analyst Elena Vasquez. “The market has been skittish lately, and with the broader economic uncertainty, many investors are treading carefully.” This sentiment echoes recent trends in the crypto space, where crypto token failures have soared, highlighting the precarious nature of digital asset investments.
On the technical front, XRP is battling a formidable bearish trend line, with resistance pegged at $2.2180 on the hourly chart. This line represents not just a physical barrier but a psychological one, as traders watch keenly to see if XRP can reclaim lost ground. The token’s current position below the 100-hourly Simple Moving Average complicates things further, signaling that the bears might still have the upper hand.
Resistance and Repercussions
The path to recovery for XRP is fraught with hurdles. Immediate resistance looms at $2.20, followed closely by the $2.220 level. A successful break above these could propel the token towards $2.250, and potentially as high as $2.30 or $2.3250, offering a glimmer of hope to beleaguered bulls.
However, the flipside is equally stark. If XRP falters at these resistance points, it could face another downward spiral. The critical support levels to watch are set at $2.1250 and $2.080. A breach below $2.080 could accelerate the decline, dragging XRP towards the $2.050 support—or even the psychological $2.00 mark.
“Investors should brace for turbulence,” warns crypto strategist Marcus Lin. “The current market sentiment is fragile, and without clear catalysts, XRP could easily tip into another bearish wave.” This cautionary note comes amid significant developments in the industry, such as Ripple’s offer for stablecoin issuer Circle, which could have broader implications for market dynamics.
The Bigger Picture
XRP’s trials are emblematic of the wider cryptocurrency landscape, which has been grappling with regulatory uncertainties and fluctuating investor confidence. The digital asset space is constantly evolving, and XRP’s journey reflects the growing pains of an industry still finding its footing.
Looking ahead, the coming weeks will be critical for XRP. Traders and investors alike will be watching the charts with bated breath, hoping for signs of stability—or at the very least, clarity. Will XRP manage to claw its way back above $2.220, or are further losses inevitable? The market waits with anticipation, knowing that in the world of cryptocurrencies, anything is possible.
As we move further into June 2025, the spotlight remains firmly on XRP. Its performance will not only influence those directly invested but could also set the tone for the broader market. For now, all eyes are on the charts, waiting for the next move in this high-stakes game of digital finance.
Source
This article is based on: XRP Price at Risk of More Losses — Can Key Support Hold?
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.
