XRP is once again capturing investor attention, surging back into the spotlight amid rising market activity and renewed institutional confidence. The digital asset has reappeared on trending cryptocurrency charts, driven by a mix of strategic investments, strong on-chain metrics, and clarified market rumors. As June 4 approaches, traders and long-term holders alike are closely watching price movements, technical indicators, and macro developments that could shape XRP’s trajectory in the coming weeks.
👉 Discover how market sentiment is shaping XRP’s next big move.
Market Momentum and Key Developments
A major catalyst behind XRP’s recent momentum is VivoPower’s announcement of a $100 million investment in the token as part of its official treasury reserve. This strategic allocation signals growing institutional trust in XRP’s utility and long-term value proposition. Unlike speculative entries, treasury adoption reflects a vote of confidence in the asset’s stability and real-world applicability—particularly in cross-border payments and enterprise blockchain solutions.
In parallel, Ripple CEO Brad Garlinghouse has publicly dismissed rumors of an acquisition of Circle, the issuer of USDC. This clarification helped stabilize market sentiment, removing uncertainty that could have otherwise triggered volatility. Garlinghouse emphasized Ripple’s continued focus on organic growth, regulatory clarity, and expanding its global payments network.
Ripple’s broader mission also remains strong. Over its eight-year journey, the company has directed $200 million toward social impact initiatives, reinforcing its commitment to sustainable innovation. These efforts not only strengthen brand credibility but also resonate with ESG-conscious investors increasingly influential in crypto markets.
XRP Market Sentiment Overview
As of June 4, XRP’s market capitalization stands at $131.85 billion**, reflecting a **2.19% increase** over the past 24 hours. This growth is supported by a significant rise in trading volume—up more than **6% to $2.4 billion—indicating heightened participation from both retail and institutional traders.
Price action shows resilience. After dipping to a low of $2.19**, XRP rebounded to test the **$2.28 range, demonstrating demand at lower levels. The recovery above key support zones suggests that bears are losing control, though the trend has yet to confirm a strong bullish reversal.
On-chain data further supports cautious optimism:
- Exchange inflows remain low, signaling that large holders (whales) are not rushing to sell.
- Wallets holding 1 million to 10 million XRP have slightly increased their balances, a sign of accumulating confidence among mid-tier institutional players.
- Net outflows from exchanges suggest a shift toward long-term holding behavior, often a precursor to upward price pressure.
These metrics collectively point to a market in consolidation, preparing for a potential breakout as momentum builds.
Technical Analysis: XRP Price Outlook for June 4
At the time of writing, XRP is trading at $2.24**, marking a **2.35% gain** over the previous 24 hours. The asset recently recovered from a short-term low of **$2.1279, successfully retesting support around $2.12–$2.15. This level continues to act as a psychological and technical floor.
The 9-day Simple Moving Average (SMA) is currently positioned at $2.22**, now functioning as dynamic support. As long as price holds above this level, the risk of a deeper correction diminishes. A sustained close above $2.25 could trigger short-term bullish momentum, potentially pushing XRP toward the next resistance zone at $2.3496**.
However, the Relative Strength Index (RSI) sits at 46.42, indicating neutral momentum with a slight tilt toward bearish conditions. This suggests that while selling pressure is easing, buyers have not yet taken full control. Traders should monitor RSI movement toward 50+ as a signal of strengthening bullish sentiment.
Key Levels to Watch
- Support: $2.1279 (critical), $2.22 (dynamic)
- Resistance: $2.3496 (immediate), $2.50 (next major target)
A breakout above $2.3496—especially on high volume—could open the door for a rally toward $2.50 by mid-June, particularly if broader market conditions remain favorable and institutional inflows continue.
Conversely, failure to hold above $2.20 could reignite selling pressure, potentially dragging price back to test the $2.1279 support. However, given current on-chain accumulation trends, such a drop may present a strategic entry point for long-term investors.
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Frequently Asked Questions (FAQs)
Q1: Is XRP bullish or bearish right now?
A: XRP is currently in a neutral to slightly bearish short-term trend. However, holding above $2.22 strengthens the case for a bullish reversal in the coming days.
Q2: What is the next major resistance level for XRP?
A: The next key resistance is at $2.3496. A confirmed breakout above this level could accelerate momentum toward $2.50.
Q3: Why is XRP trending today?
A: XRP is trending due to VivoPower’s $100 million treasury investment, Ripple CEO Brad Garlinghouse debunking merger rumors, and growing confidence in Ripple’s long-term roadmap.
Q4: Can XRP reach $2.50 by June 2025?
A: While this article focuses on near-term outlook, sustained institutional adoption and favorable regulatory developments could position XRP for higher targets in 2025 and beyond.
Q5: What does low exchange inflow mean for XRP?
A: Low inflows suggest holders are not depositing coins to sell, reducing downward pressure and indicating confidence in future price appreciation.
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Final Thoughts
XRP’s resurgence on June 4 reflects more than just short-term speculation—it underscores growing faith in its underlying technology and Ripple’s strategic vision. With strong fundamentals, improving technical structure, and increasing institutional interest, XRP is well-positioned for potential gains in the mid-term.
While short-term volatility remains possible, the broader indicators—on-chain accumulation, stable exchange flows, and rising trading volume—paint a picture of a maturing asset preparing for its next phase.
For traders and investors alike, monitoring key support and resistance levels, staying updated on Ripple’s ecosystem developments, and leveraging real-time analytics will be crucial in navigating the evolving landscape.
As always, conduct thorough research and consider risk management strategies before entering any position in the volatile crypto market.