XRP has experienced a steady price decline since its May highs, falling from $2.65 to around $2.14 in mid to late June 2025. Trading volume has weakened, and key technical indicators like the Chaikin Money Flow (CMF) are trending downward, suggesting growing selling pressure and market unease. Notably, long-term holders with significant gains have begun profit-taking, with selling peaking near $68.8 million per day in early June.
Despite bearish trends, some traders have raised their long positions sharply, coinciding with a 44% jump in 24-hour trading volume, indicating anticipation of a potential bounce. The support range between $1.99 and $2.09 remains critical, with breaks below possibly pushing XRP prices toward multi-month lows near $1.61.
Technical analysis highlights a descending triangle pattern and a breakdown in the Relative Strength Index (RSI) trendline, signaling increasing market pressure. Market expert CasiTrades suggests that this could lead initially to a price dip to strong support levels ($2.01, $1.90, $1.55), followed by a bullish reversal often termed a “flush then fly” scenario. This final sell-off would serve to gather liquidity and enable a sustained upswing.
Resistance near the 200-day simple moving average at $2.37 is pivotal. A successful breakout above this level could trigger short-covering and push prices toward the $2.73–$2.83 supply zone, potentially reversing the downtrend.