XRP Price Watch: RSI Neutral, MACD Turns Bullish in a Tight Range Battle

XRP is trading between $2.246 to $2.26 over the last hour with a total market capitalization of $133 billion and a 24-hour trading volume of $2.34 billion. The intraday price range for June 9, 2025, has fluctuated between $2.23 and $2.29, indicating restrained volatility amidst broader market consolidation.

XRP

On the 1-hour chart, XRP exhibited a bullish continuation setup. The price retraced from $2.296 to approximately $2.24 before forming a micro higher low pattern, signaling renewed buying pressure. This structure reflects the early stages of an upward leg, with critical resistance resting at $2.296. A sustained break above this level, especially if confirmed by volume, could drive a test of the $2.33 mark. A failure to hold above $2.24, however, may open the path back to the $2.21 support area.

XRP/USDC via Binance 1-hour chart on June 9, 2025.

The 4-hour XRP chart reveals a mid-term reversal pattern following a low of $2.059. This timeframe illustrates a gradual recovery from a sharp decline, with XRP forming what appears to be a rounded bottom. Strong buying pressure was observed at the $2.05 zone, suggesting investor interest at lower levels. The price has managed to climb toward the $2.296 resistance area. Should it maintain strength above $2.25, XRP is well-positioned to target $2.30 to $2.32 in the near term.

XRP/USDC via Binance 4-hour chart on June 9, 2025.

The daily chart showcases a larger trend attempting to bottom out from a prolonged bearish phase for XRP. After rebounding off the $2.05 support, XRP tested the $2.30 region, although it faces strong resistance at $2.65. Volume has shown signs of tapering, indicating a possible consolidation. The $2.05 support remains crucial; holding this level could set the stage for a trend reversal, while failure would imply deeper retracement risk. Technical sentiment remains cautiously optimistic pending a clear breakout above $2.30.

XRP/USDC via Binance daily chart on June 9, 2025.

Looking at the oscillators, sentiment appears mixed but cautiously constructive. The relative strength index (RSI) is at 51.02, suggesting a neutral stance without overbought or oversold conditions. The Stochastic oscillator stands at 59.41, while the commodity channel index (CCI) posts a near-flat value of 0.18—both indicating neutrality. The average directional index (ADX) at 18.24 also suggests a lack of strong directional momentum. Meanwhile, the Awesome oscillator shows a slightly negative value of -0.123, reinforcing the consolidation outlook. Two indicators provide bullish signals: the momentum oscillator at 0.12355 and the moving average convergence divergence (MACD) level at -0.02711, both reflecting a subtle shift toward buying interest.

Moving averages (MAs) collectively lean bullish, although with a few exceptions. Short-term indicators such as the exponential moving average (EMA) and simple moving average (SMA) for 10, 20, and 30 periods all reflect positive signals, with the EMA (10) at $2.21941 and the SMA (20) at $2.25278. Longer-term signals remain split: the EMA (50), EMA (100), and EMA (200) suggest bullish trends, while the SMA (30), SMA (50), and SMA (200) give bearish signals, the latter reading at $2.35403. This divergence between EMAs and SMAs suggests that while short-term momentum is strengthening, broader market participants are still cautious.

Bull Verdict:

If XRP holds above the $2.24 level and breaches the $2.296 resistance with accompanying volume, the short-term technical setup supports a bullish continuation toward $2.33 and potentially $2.40. The alignment of momentum indicators and moving averages in favor of buyers strengthens the case for a trend reversal, suggesting bulls may soon regain control.

Bear Verdict:

Failure to sustain support above $2.24, combined with waning volume and resistance rejection at $2.296, could invite renewed selling pressure. The overall trend on the daily chart remains fragile, and with several longer-term moving averages signaling weakness, XRP could revisit $2.21 or even the critical $2.05 support if bearish momentum returns.

Source