XRP (XRP) has carried its prevailing choppy sentiment into the first days of June, wobbling between gains and losses as traders’ focus remains fixated on the US-China trade war updates.
As of June 2, the Ripple-associated cryptocurrency was down 0.30%, trading for around $2.15. Still, it was up by over 35% when measured from its local low of $1.61, established on April 7.
Flaring trade tensions have paused the recovery rally. Uncertainty surrounding President Donald Trump’s trade agenda deepened after the US and China accused each other of breaching a trade agreement reached just last month.
Adding to the tensions, Trump announced plans to double tariffs on steel and aluminum imports. XRP traders appear to have been waiting for further clues before determining their bias.
Let’s examine how low or high the XRP price goes in June based on predictions using technical and onchain analysis.
XRP has broken below a descending triangle pattern forming at the top of a strong multimonth rally, signaling a potential trend reversal.
The top formation reflects buyer exhaustion, where repeated attempts to break higher failed. The “false breakout” above the triangle’s upper trendline trapped late bulls, allowing bears to take control.
A confirmed breakdown below horizontal support near $2.07 now opens the door to a deeper correction toward $1.25. The RSI near 40 and declining volume further support the bearish shift in momentum.
XRP’s Long-Term Holder Net Unrealized Profit/Loss (NUPL) indicator has entered the “Denial” phase, typically associated with market tops when investors refuse to accept that upside momentum is fading.
Historically, this zone has preceded significant corrections for XRP—such as in early 2021 and mid-2022—where denial was followed by sharp downturns once profit-taking intensified and new buyer momentum failed to sustain.
This time, the setup is even more precarious. The NUPL color transition to green, combined with price stagnation near $3, resembles previous local tops when greed transitioned into complacency.
Additionally, XRP shows a tendency to drop toward its realized price after strong rallies.
For the unversed: realized price represents the average price at which all coins in circulation were last moved onchain, essentially reflecting the market’s aggregated cost basis.
When prices revert toward this level, it often signals a reset in investor sentiment and a return to fair value. In XRP’s case, the realized price sits around $1.06, down by over 50% from current price levels.
Yashu Gola is a crypto journalist and analyst with expertise in digital assets, blockchain, and macroeconomics. He provides in-depth market analysis, technical chart patterns, and insights on global economic impacts. His work bridges traditional finance and crypto, offering actionable advice and educational content. Passionate about blockchain's role in finance, he studies behavioral finance to predict memecoin trends.