{"id":12862,"date":"2025-06-07T22:03:57","date_gmt":"2025-06-07T20:03:57","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=12862"},"modified":"2025-06-07T22:03:57","modified_gmt":"2025-06-07T20:03:57","slug":"xrp-faces-potential-drop-below-2-as-sellers-dominate-market","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/06\/07\/xrp-faces-potential-drop-below-2-as-sellers-dominate-market\/","title":{"rendered":"XRP Faces Potential Drop Below $2 as Sellers Dominate Market"},"content":{"rendered":"<p> &#8220;`html<br \/>\n<\/p>\n<div>\n<div class=\"trust\">\n<div class=\"trust__title\">\n<h3 class=\"trust__title-text\">Reasons to have confidence<\/h3>\n<\/p><\/div>\n<div class=\"trust__content\">\n<div class=\"trust__list\">\n<div class=\"trust__list-item\">\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" viewbox=\"0 0 12 12\" fill=\"currentColor\" class=\"trust__list-item-icon\"><path d=\"M10.2492 0.703125L4.75078 7.95234L1.5 4.70391L0 6.20391L4.99922 11.2031L12 2.20312L10.2492 0.703125Z\"\/><\/svg>      <\/p>\n<p>Rigorous editorial guideline emphasizing precision, significance, and neutrality<\/p>\n<\/p><\/div>\n<div class=\"trust__list-item\">\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" viewbox=\"0 0 12 12\" fill=\"currentColor\" class=\"trust__list-item-icon\"><path d=\"M10.2492 0.703125L4.75078 7.95234L1.5 4.70391L0 6.20391L4.99922 11.2031L12 2.20312L10.2492 0.703125Z\"\/><\/svg>      <\/p>\n<p>Developed by specialists in the field and thoroughly vetted<\/p>\n<\/p><\/div>\n<div class=\"trust__list-item\">\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" viewbox=\"0 0 12 12\" fill=\"currentColor\" class=\"trust__list-item-icon\"><path d=\"M10.2492 0.703125L4.75078 7.95234L1.5 4.70391L0 6.20391L4.99922 11.2031L12 2.20312L10.2492 0.703125Z\"\/><\/svg>      <\/p>\n<p>The utmost standards in journalism and publication<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"trust__accordion\">\n<div class=\"trust__accordion-item\">\n<div class=\"trust__accordion-item-content\">\n<p>Rigorous editorial guideline emphasizing precision, significance, and neutrality<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"trust__accordion-item\">\n<div class=\"trust__accordion-item-content\">\n<p>Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p><span style=\"font-weight: 400\">XRP is presently exhibiting signs of fragility as its recent price trends are turning increasingly bearish. After making an effort to regain upward momentum above $ 2.60 in May, the cryptocurrency has faced challenges in sustaining this trajectory, and its recent price movements have <\/span><a href=\"https:\/\/www.newsbtc.com\/xrp-news\/xrp-must-crash-first-then-10-rally\/\" target=\"_blank\"><span style=\"font-weight: 400\">brought it near the brink of losing <\/span><\/a><span style=\"font-weight: 400\">the $2.10 price point.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Significantly, the price movements have led to the creation of a head and shoulders formation on the daily candlestick chart. This could potentially be the final trigger that <\/span><a href=\"https:\/\/www.newsbtc.com\/analysis\/xrp\/xrp-price-drops-toward-2-00\/\" target=\"_blank\"><span style=\"font-weight: 400\">causes the XRP price to crash<\/span><\/a><span style=\"font-weight: 400\"> beneath $2.<\/span><\/p>\n<p><h2 class=\"jeg_block_title\"><span>Related Reading<\/span><\/h2>\n<\/p>\n<h2><b>XRP Breaks Head And Shoulders Neckline<\/b><\/h2>\n<p><a href=\"https:\/\/x.com\/alphacryptosign\/status\/1930872123825979819\" target=\"_blank\" rel=\"nofollow\"><span style=\"font-weight: 400\">As noted by<\/span><\/a><span style=\"font-weight: 400\"> a crypto analyst on the social media platform X, XRP has now established a classic head and shoulders pattern, with clearly defined symmetry between the left shoulder, head, and right shoulder. The head and shoulders pattern began to emerge in late April, when the price rose to $2.26 to form the left shoulder of the structure. In early to mid-May, <\/span><a href=\"https:\/\/www.newsbtc.com\/analysis\/xrp\/xrp-price-rising-2-50\/\" target=\"_blank\"><span style=\"font-weight: 400\">XRP spiked above<\/span><\/a><span style=\"font-weight: 400\"> $2.60 to create the head of the structure and what appeared initially to be a revival of strong bullish momentum.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The rally lost momentum shortly after hitting that May high, and the price began its decline once more. By June 3, XRP <\/span><a href=\"https:\/\/www.newsbtc.com\/analysis\/xrp\/xrp-price-gains-pace-2-20\/\" target=\"_blank\"><span style=\"font-weight: 400\">attempted again <\/span><\/a><span style=\"font-weight: 400\">to climb, reaching $2.27, representing the formation of the right shoulder. However, this upturn was insufficient, and the subsequent price movements have shown sellers gradually gaining control.<\/span><\/p>\n<figure style=\"width: 1835px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/rOYVHUjO\/\" width=\"1835\" height=\"884\" loading=\"lazy\"\/><figcaption class=\"wp-caption-text\">XRP is currently trading at $2.17. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\">TradingView<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">The head and shoulders formation, often linked with trend reversals, became more concerning once XRP dipped below the neckline around the $2.18 level, reaching as low as $2.07 on July 6. <\/span>Interestingly, the breach below the neckline was accompanied by surging volume, which lent extra validation to the bearish indication.<\/p>\n<p><img loading=\"lazy\" data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter size-full wp-image-767677\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/06\/a_e91ce4.png?resize=936%2C658\" alt=\"\" width=\"936\" height=\"658\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/06\/a_e91ce4.png?w=936 936w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/06\/a_e91ce4.png?w=750 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/06\/a_e91ce4.png?w=768 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/06\/a_e91ce4.png?w=860 860w\" sizes=\"auto, (max-width: 936px) 100vw, 936px\" loading=\"lazy\"\/><\/p>\n<h2><b>EMA Rejections For XRP: What Lies Ahead?<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Having breached the neckline, the $2.18 to $2.20 area is turning into a solid resistance zone for any recovery attempts. The daily candlestick chart indicates XRP remains trading below both the 9-day EMA and the 50-day SMA, currently positioned at $2.1877 and $2.2649 respectively.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Notwithstanding <\/span><a href=\"https:\/\/www.newsbtc.com\/analysis\/xrp\/xrp-price-dips-support-2-20\/\" target=\"_blank\"><span style=\"font-weight: 400\">a slight recovery <\/span><\/a><span style=\"font-weight: 400\">over the last 24 hours, XRP has persistently struggled to reclaim the 9-day EMA since the neckline break, demonstrating ongoing weakness in <\/span><a href=\"https:\/\/www.newsbtc.com\/xrp-news\/worst-case-xrp-this-cycle-giga-rally-to-19\/\" target=\"_blank\"><span style=\"font-weight: 400\">the short-term scenario.\u00a0<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400\">As long as XRP remains trapped beneath the neckline and the EMA\/SMA resistance cluster, the prevailing structure tends to favor an extension downward. Based on the head and shoulders pattern, a measured move from the neckline breakdown suggests a decline toward the $1.85 to $1.80 range.\u00a0<\/span><\/p>\n<p><h2 class=\"jeg_block_title\"><span>Related Reading<\/span><\/h2>\n<\/p>\n<p><span style=\"font-weight: 400\">At the time of this writing, XRP is trading at the neckline resistance once again at $2.18 following a 2.6% gain in the previous 24 hours from $2.13. However, the strength of this rebound is uncertain, given that it has occurred alongside a significant 48.14% decrease in trading volume. <\/span><a href=\"https:\/\/bitcoinist.com\/xrp-price-enters-accumulation\/\" target=\"_blank\" rel=\"nofollow\"><span style=\"font-weight: 400\">The upcoming 24 hours will be crucial<\/span><\/a><span style=\"font-weight: 400\">, as price movements around the $2.18 to $2.20 area could dictate if XRP continues its drop and breaks below $2.<\/span><\/p>\n<p><em>Featured image from Unsplash, chart from TradingView<\/em><\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/altcoin\/xrp-price-risks-plummeting-below-2-as-sellers-take-control\/\">Source link <\/a><br \/>\n&#8220;`<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;`html Reasons to have confidence Rigorous editorial guideline emphasizing precision, significance, and neutrality Developed by specialists in the field and thoroughly vetted The utmost standards in journalism and publication Rigorous editorial guideline emphasizing precision, significance, and neutrality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. XRP<\/p>\n","protected":false},"author":3,"featured_media":12863,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[2664],"class_list":["post-12862","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","tag-gptreturn-a-list-of-comma-separated-tags-from-this-title-xrp-price-risks-plummeting-below-2-as-sellers-take-control-gpt"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>XRP Faces Potential Drop Below $2 as Sellers Dominate Market - WSJ-Crypto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wsj-crypto.com\/index.php\/2025\/06\/07\/xrp-faces-potential-drop-below-2-as-sellers-dominate-market\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"XRP Faces Potential Drop Below $2 as Sellers Dominate Market - WSJ-Crypto\" \/>\n<meta property=\"og:description\" content=\"&#8220;`html Reasons to have confidence Rigorous editorial guideline emphasizing precision, significance, and neutrality Developed by specialists in the field and thoroughly vetted The utmost standards in journalism and publication Rigorous editorial guideline emphasizing precision, significance, and neutrality Morbi pretium leo et nisl aliquam mollis. 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