XRP Price Prediction for June 4

·

XRP is back in the spotlight, regaining momentum across trending cryptocurrency charts as investor interest surges. The digital asset has recently captured attention following VivoPower’s strategic move to allocate $100 million into XRP, integrating it into its official treasury reserves—an action widely interpreted as a strong endorsement of the token’s long-term value.

At the same time, Ripple CEO Brad Garlinghouse addressed widespread speculation, firmly denying rumors of an acquisition of Circle. This clarification has helped stabilize market sentiment and refocus attention on Ripple’s core mission and ongoing developments. As the company marks its eighth year, its commitment to social impact remains evident, with $200 million already deployed toward various public good initiatives. These combined factors are fueling renewed optimism around XRP’s trajectory heading into June.

Market Sentiment for XRP

As of June 4, XRP’s market capitalization stands at $131.85 billion, reflecting a 2.19% increase over the past 24 hours. Trading volume has climbed over 6%, reaching $2.4 billion—a clear signal of heightened market participation and improved liquidity. The price has rebounded from recent lows, with the 24-hour trading range fluctuating between $2.19 and $2.28.

This recovery suggests growing confidence among traders and investors. Technical analysts are closely monitoring XRP’s retest of key moving averages, particularly as the asset attempts to consolidate gains above critical support levels.

On-chain metrics further support this positive outlook. Exchange inflows remain relatively low, indicating minimal sell-side pressure from large holders. Notably, wallets holding between 1 million and 10 million XRP have shown a slight increase in balances—often seen as a sign of whale accumulation and confidence in current price levels.

👉 Discover how institutional adoption is shaping the future of digital assets like XRP.

Technical Analysis: XRP Price Movement

XRP is currently trading at $2.24, marking a 2.35% gain over the last 24 hours. After briefly dipping to $2.1279, the price has recovered and stabilized above key support zones. The 9-day Simple Moving Average (SMA) sits at approximately $2.22, now functioning as dynamic support. A sustained hold above this level could pave the way for upward momentum.

The next major resistance level is positioned at $2.3496. A successful breakout beyond this point may open the door to further gains, potentially targeting $2.50 in the coming weeks. However, traders should remain cautious—the Relative Strength Index (RSI) currently reads at 46.42, indicating a neutral to slightly bearish short-term trend.

Should XRP fail to maintain its position above $2.20, renewed selling pressure could emerge, possibly driving the price back toward the $2.1279 support level. Conversely, if the asset maintains a sideways or upward consolidation pattern above $2.22, it could lay the foundation for a stronger bullish move by mid-June.

Market observers are also noting increasing engagement from long-term holders, suggesting that despite short-term volatility, confidence in Ripple’s broader ecosystem remains intact.

Why Is XRP Gaining Attention Today?

Several catalysts are contributing to XRP’s resurgence in market discussions:

These factors collectively reinforce XRP’s relevance in both decentralized finance and traditional finance integration efforts.

👉 Explore real-time price trends and advanced trading tools for XRP today.

Frequently Asked Questions (FAQs)

Q: Is XRP currently bullish or bearish?
A: In the short term, XRP reflects a neutral to slightly bearish trend based on RSI readings. However, maintaining prices above $2.22 could shift momentum toward bullish territory.

Q: What is the next key resistance level for XRP?
A: The immediate resistance level is at $2.3496. A confirmed breakout above this threshold could lead to a move toward $2.50.

Q: Why is XRP trending on June 4?
A: XRP is trending due to VivoPower’s significant investment, Ripple leadership clarifying merger rumors, and ongoing confidence in the company’s mission and technology.

Q: Could XRP drop below $2.12 again?
A: Yes, if selling pressure increases and support at $2.20 fails to hold, a retest of the $2.1279 level is possible. However, strong on-chain activity suggests limited downside risk.

Q: What role do whale wallets play in XRP’s price movement?
A: Whales—holders with 1M to 10M XRP—have slightly increased their holdings recently, signaling accumulation and confidence in current valuations.

Q: How might institutional adoption affect XRP’s future?
A: Institutional investments like VivoPower’s $100 million commitment enhance credibility, improve liquidity, and may encourage broader market adoption.

Looking Ahead: Mid-June Outlook

As we approach mid-June, all eyes will be on whether XRP can build sustainable momentum above $2.30. The convergence of positive on-chain data, reduced exchange outflows, and growing institutional interest creates a favorable environment for potential upside.

Moreover, Ripple’s continued expansion in global payment solutions—particularly in emerging markets—adds fundamental strength to the ecosystem. While regulatory clarity remains an ongoing narrative, recent developments suggest increasing resilience within the network.

Investors should monitor volume trends, whale activity, and macroeconomic signals that could influence risk appetite in the broader crypto market.

👉 Stay ahead with real-time analytics and secure trading for XRP and other digital assets.

Final Thoughts

XRP’s performance on June 4 reflects a market at an inflection point—balancing short-term technical caution with long-term fundamental promise. With strong backing from institutions like VivoPower, transparent leadership from Ripple, and encouraging on-chain behavior, the path forward appears cautiously optimistic.

For traders and long-term holders alike, maintaining awareness of key support and resistance levels will be crucial in navigating near-term volatility. As always, combining technical analysis with fundamental insights offers the best strategy for informed decision-making.

Core Keywords: