Key Takeaways
- XRP’s bulls prevent prices from crashing below $2, indicating strong bullish dominance.
- Ali Marinez, in his XRP price analysis, suggests XRP’s price flashes a golden cross ahead of a strong upward rally.
- If the price of XRP breaks its psychological resistance of $3, the next stop for the price will be $5 and above.
Crypto traders and experts are predicting a potential strong bullish price action to the upside following the current XRP price, as the price has shown bullish signs by breaking out of its downtrend on two occasions, both on the daily timeframe and forming a classic bullish pattern to the upside.
The price of Bitcoin crashing towards the key demand zone of $100,000 saw many altcoins suffer a serious decline, including XRP, as the price dropped from its highs of $2.4, remaining in a range struggling to break the key resistance of $2.6.
However, the price of XRP showed strong resilience, protecting its long-term demand zone of $2, as the price has previously rebounded from this region towards new highs.
With bulls protecting this zone, preventing bears from controlling the price, there are high chances of a bullish continuation towards $3, followed by a rally to new highs of $5.
With current price action, are the bulls back to push the price of XRP to new highs in June?
XRP Market sentiment As Whales Dominate Price
Following the recent price bounce from its key support zone, XRP has seen some positive news, including an increase in active addresses and a price surge, indicating a strong bullish push and a positive market sentiment.
Since the price of XRP crashed from its high of $3.4 in February 2025, the active addresses and XRP price have all traded in a downtrend, resulting in a low bullish price push to the upside, as the price of XRP was found to be more grounded below the $2.6 key resistance zone.
Additionally, crypto experts suggest that the price bounce for XRP above its $2 zone is favorable for bulls, as the price could see bullish accumulation in an attempt to break above the $2.6 resistance.
XRP Golden Cross – Is Price Ready For a Rally?
Ali Martinez, an on-chain crypto analyst, described a potential MRV golden cross for XRP as a strong bullish price rally to the upside following the previous golden cross.
However, the price of XRP crashing ahead of its monthly opening was a major concern for many traders and investors.
Source – XRP Chart From TradingView
Despite such a scare, XRP has protected its key zone as the price needs to show strength to the upside.
Additionally, according to the XRP technical analysis chart, the price has exhibited a double breakout on the daily timeframe, retesting these zones as bulls continue to demonstrate strength in the price.
While XRP has struggled, the market sentiment for XRP remains bullish, with a price expected to hit $5 if the bulls break above the psychological level of $3.
