XRP (XRP) Price Forecast for June 10: restoration of support in focus, as bulls try to turn the trend

Exclusive: 5 Explosive Insights Into XRP’s Price Surge and What’s Next

Why XRP’s Recent Breakout Could Signal a Major Turning Point

After a turbulent May, XRP is showing early signs of stabilization above the $2.06 support zone. Breaking through a key descending trendline on the 4-hour chart, the cryptocurrency is now trading around $2.21, sparking optimism among short-term traders. With June 10 approaching, could this be the start of a bullish resurgence?

What’s Driving XRP’s Price Movement?

On the weekly chart, XRP is trading at $2.21 today, bouncing from the Fibonacci retracement zone’s midpoint. This 7% recovery from the $2.06 local low marks the third attempt to breach the resistance trendline. This level aligns with the 38.2% Fibonacci zone, a critical juncture for bulls to hold their ground and push for further growth.

“The recent recovery to $2.20, coupled with bullish divergence on lower timeframes, signals growing strength.”

XRP’s Breakout on the 4-Hour Chart

The 4-hour chart reveals a clear breakout above a multi-session descending trendline, which had previously capped recovery attempts. On June 7 and 8, XRP surged to $2.22 before facing resistance. The $2.17–$2.19 zone now acts as a pivot area, with key resistance at $2.25–$2.27. A break above $2.27 could open the door to $2.54, while support remains firm at $2.06.

Indicators Favor the Bulls

Short-term indicators are leaning bullish. The 30-minute RSI has climbed from the mid-40s to 62.16, indicating strengthening demand. Meanwhile, the MACD histogram remains in the green, with the signal line above the baseline. On the Ichimoku chart, the price sits above the Kumo cloud, and the Chikou Span is turning bullish.

Volatility Suggests a Breakout Is Imminent

Bollinger Bands on the 4-hour chart show tightening volatility, often a precursor to a breakout. The upper band sits at $2.25, while the lower band is at $2.17, highlighting this consolidation zone. A break above $2.25 could propel XRP to $2.35, while failure to hold $2.17 may trigger a drop to $2.06.

Weekly Outlook: Neutral but Promising

From a broader perspective, XRP remains within a consolidation range of $2.54 to $2.06. Weekly Fibonacci levels place immediate resistance at $2.74 (61.8% retracement) and support at $2.27 (50%) and $2.06 (38.2%). Bulls have respected these levels, hinting at healthy profit-taking and potential for further gains.

Why Is XRP Rising Today?

Today’s price increase is driven by a technical confluence: a short-term trendline break, recovery above $2.20, and bullish signals from RSI and MACD. Social sentiment has also improved, and wallet activity suggests accumulation rather than distribution. Whales have stepped in to absorb selling pressure around $2.06–$2.10, a historically significant zone.

XRP Price Forecast for June 10

With the broader crypto market stabilizing and technical indicators leaning bullish, the XRP price forecast for June 10 remains cautiously optimistic, provided the price holds above $2.17.

XRP Price Forecast Table

Trend/signal	Level/range	Implication
Immediate resistance	$2.25 – $2.27	Key breakout level; breach opens path to $2.35
Main resistance zone	$2.35 – $2.54	Heavy supply zone; next target
Immediate support	$2.17 – $2.19	Pivot zone; must hold
Critical support	$2.06	Failure here signals weakness
Weekly 50% level	$2.27	Midpoint retracement; pivotal
RSI (30-minute)	62.16	Bullish but not overbought
MACD histogram	Positive	Bullish momentum building
Bollinger Bands (4H)	$2.17 – $2.25	Volatility compression; breakout expected
Ichimoku Cloud (30M)	Price above Kumo	Bullish structure

Disclaimer: This article is for informational and educational purposes only. It is not financial advice. Coin Edition is not responsible for any losses incurred. Always conduct your own research before making investment decisions.