Support Recovery in Focus as Bulls Attempt Trend Reversal

After an extended correction throughout May, XRP price has begun showing early signs of stabilization above the $2.06 support zone. With price action breaking a key descending trendline on the 4-hour chart and holding gains around $2.21, short-term traders are eyeing the possibility of a bullish recovery as June 10 approaches.

What’s Happening With XRP’s Price?

On the weekly chart, XRP price today is trading around $2.21 after bouncing off the mid-range of its Fibonacci retracement zone. The price has rebounded over 7% from its local low of $2.06, retesting a declining resistance trendline for the third time. This level coincides with the 38.2% Fibonacci zone, suggesting a critical juncture where bulls must hold ground for further upside.

The XRP price action has remained volatile since failing to clear the $2.54 region earlier in May. However, this recent reclaim of the $2.20 zone, alongside bullish divergence on lower timeframes, signals growing strength.

XRP Price Attempts Trendline Break on 4H Chart

XRP price forecast (Source: TradingView)

The 4-hour chart shows a clear break above a multi-session descending trendline, which had previously capped every attempt at recovery. XRP price spikes on June 7 and 8 pushed the token as high as $2.22 before meeting resistance. The breakout zone near $2.17–$2.19 now serves as a pivot zone.

Key resistance sits near $2.25–$2.27, followed by a heavier supply zone between $2.35 and $2.45. If bulls manage to sustain this push and flip $2.27 into support, the next upside target could open toward $2.54.

Meanwhile, lower support remains at $2.06, a level that aligns with both horizontal demand and an ascending channel base.

Indicators Show Improving Momentum

XRP price forecast (Source: TradingView)

Momentum indicators on lower timeframes are tilting in favor of bulls. The RSI on the 30-minute chart has bounced from the mid-40s to 62.16, indicating strengthening demand without being overbought. The MACD also supports this bullish thesis, as its histogram remains in green territory and the signal line sits above the baseline.

XRP price forecast (Source: TradingView)

On the Ichimoku chart, XRP price today is holding above the Kumo cloud and the Tenkan-Sen, while the Chikou Span is now flipping above price — traditionally a bullish crossover setup.

Volatility Contracts, Breakout Likely Imminent

XRP price forecast (Source: TradingView)

One noticeable feature in recent XRP price volatility is the Bollinger Bands compression on the 4-hour timeframe. After a prolonged period of contraction, a volatility expansion is typically expected. The upper band sits near $2.25 while the lower band rests near $2.17, further emphasizing the importance of this narrow consolidation zone.

A break above the upper Bollinger Band and subsequent retest could confirm a continuation move toward $2.35. Conversely, failure to hold above $2.17 could trigger another drop back to $2.06.

Weekly Structure Remains Neutral-To-Bullish

XRP price forecast (Source: TradingView)

From a broader perspective, XRP is still trading within a large consolidation range between $2.06 and $2.54. Weekly Fibonacci levels place immediate resistance at the 61.8% retracement near $2.74, while support remains firm at the 0.5 level of $2.27 and the 38.2% zone at $2.06.

So far, bulls have respected these retracement levels, hinting at healthy profit-taking and reaccumulation behavior after the March rally.

Why XRP Price Going Up Today

XRP price forecast (Source: TradingView)

The question of why XRP price going up today centers around a technical confluence: the break of a short-term trendline, reclaim of the $2.20 mark, and bullish signals across both RSI and MACD. Additionally, social sentiment has shown minor upticks, and large wallet activity indicates accumulation rather than distribution.

Whales are seemingly stepping in to absorb selling pressure around $2.06–$2.10, which has historically served as a springboard zone.

XRP Price Prediction for June 10

With the broader crypto market stabilizing and technical indicators aligning, the XRP price forecast for June 10 leans cautiously bullish, provided price continues to hold above $2.17.

XRP Price Forecast Table