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XRP crypto is stuck in a standoff that might see it fall to $2. The charts are flashing warnings while long-term holders dig in around key support zones.
Legal overhang, mixed market signals, and a fragile macro backdrop have traders on edge, waiting to see which way this thing breaks.
XRP Crypto Slips with Bearish Indicators in Focus
XRP slid nearly 1% on Monday, trading at $2.1540 and drawing attention to its long-held $1.76 support. The technicals aren’t friendly—RSI is trending lower at 39, and the MACD is bleeding red below the neutral line.
A continued slide could force an 18% drop back to that key level.
Still, the $2 zone isn’t giving up easily. Weekend gains of $2.08 offered a brief bounce, reinforcing the idea that this range may be the line between panic and patience for XRP holders.
Me Hearing all the amazing XRP #XRP news then looking at the charts 📈 😭@Ripple pic.twitter.com/xmxuhmIS9m
— X (@xatdabeach) May 31, 2025
Ripple’s ongoing legal battle with the SEC looms over XRP’s price action. A recent filing questioning interpretations of the Howey Test has added new dimensions to the case, amplifying concerns over regulatory clarity.
Meanwhile, Bitcoin’s continued consolidation has created a risk-off market sentiment, which is evident in the $28 million outflows from XRP investment products last week.
Could a Breakout Above $2.56 Be on the Horizon For XRP Crypto?
Despite bearish overtones, some analysts see a glimmer of hope for XRP bulls. A new wave count analysis combining Elliott Wave Theory and Wyckoff reaccumulation principles suggests an upcoming bullish breakout. According to ‘Charting Prodigy,’ a crypto analyst on X, XRP has completed its corrective Wave 2 and is entering a powerful sub-wave 3.
The key trigger level to watch is $2.56.
“A breakout above $2.56 could launch XRP into a rapid markup phase, targeting $2.9 to $3.4,” the analyst explained.
Buy the fear bros
— Charting Prodigy (@PipSnipers) June 2, 2025
The bullish thesis is further strengthened by the emergence of Wyckoff accumulation structures and a bullish divergence forming on the MACD.
What to Watch for Next
XRP investors should carefully monitor the $2 and $1.7600 support levels for signs of capitulation or reversal.
A loss of these supports could lead to steep declines, while a convincing breakout above $2.56 could mark the beginning of a significant rally.
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Key Takeaways
-
XRP crypto is stuck in a standoff that might see it fall to $2. The charts are flashing warnings while long-term holders dig in around key support zones. -
XRP investors should carefully monitor the $2 and $1.7600 support levels for signs of capitulation or reversal.
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