XRP Price Prediction: XRP Drops 6%—Will the Fall Continue Below Key Support?

Despite the broader crypto market’s attempts to stabilize, XRP’s failure to maintain bullish momentum has raised concerns about whether deeper losses are looming.

As of Friday, June 13, XRP is trading around $2.13 after hitting a daily low of $2.09—below the critical $2.11 support—and remains significantly down from its recent peak near $2.35 earlier this week. This sharp pullback has triggered bearish sentiment, as XRP price failed to break past the resistance zone between $2.32 and $2.35, which had acted as a ceiling since late May.

XRP was trading at around $2.13 after recovering from the daily low at $2.09, down 5.03% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin

According to market data, XRP is now trading beneath all major short-term exponential moving averages (EMAs) on the 4-hour chart. The 20 EMA has started to slope downward near $2.27, highlighting growing bearish momentum. “The market structure is beginning to crack,” said a market analyst. “With XRP below critical EMAs and hugging the lower Bollinger Band, the risk of a further drop is mounting.”

The macroeconomic backdrop has done little to support Ripple XRP news. Despite slightly cooler-than-expected U.S. Consumer Price Index (CPI) figures released on June 12—which showed inflation rising just 0.1%—XRP’s price remained unresponsive.

Typically, lower inflation prints are bullish for crypto assets, as they point toward more favorable monetary conditions. However, the market reaction was muted. Analysts suggest that lingering geopolitical tensions may have overridden any CPI-related optimism.

The Israeli airstrike on Iran’s nuclear sites sent a shockwave through global markets, and cryptocurrencies were no exception. The total crypto market cap fell by roughly 4% following the news. Ripple crypto was particularly vulnerable, given the already fragile technical setup it was trading within.

XRP’s inability to sustain gains above $2.30 has confirmed several bearish patterns on the charts. The symmetrical triangle that has confined XRP’s movement since January remains intact, with the asset drifting closer to its lower support band near $2.09.

XRP remains at risk of further declines as intraday structure weakens and key resistance levels hold firm. Source: andrevella on TradingView

“The XRP price is showing signs of breaking down from its months-long triangle pattern,” noted Victor Olanrewaju in a recent XRP price analysis. “Red bars on the Awesome Oscillator and negative CMF readings suggest increasing selling pressure.”

On the 4-hour Ichimoku Cloud chart, XRP is trading below the cloud, with a bearish Kumo twist forming—further signaling a potential continuation of the downtrend. Unless XRP reclaims the $2.32–$2.35 range swiftly, the technical outlook will likely favor bears heading into next week.

Short-term projections are increasingly cautious. If XRP loses its grip on the $2.09–$2.11 support zone, the next leg down could send it toward $2.06 or even lower. Some analysts warn of a potential drop to the $1.94–$1.79 range if the broader crypto market remains under pressure.

If $2.30 continues to hold as resistance through week’s end, a deeper pullback may precede XRP’s next bullish phase. Source: SQuiRRel88 on TradingView

Still, not all hope is lost. “There’s a bullish divergence forming on lower timeframes, which could prevent a rapid breakdown,” said one technical analyst. “But if XRP dips below $2, that would mark a psychological and structural blow.”

Some traders remain optimistic that XRP may resume an upward trajectory if buying interest revives at current levels. A push above $2.35 could pave the way for targets near $2.44 and eventually $2.60. However, that scenario appears increasingly distant unless market sentiment improves quickly.

The XRP SEC lawsuit continues to hover over the Ripple market, despite some progress in settlement talks. On June 13, both Ripple and the U.S. Securities and Exchange Commission submitted an updated settlement proposal. Yet, legal experts say the revised terms still leave several key issues unresolved.

Ripple and the SEC have filed a pivotal motion in the XRP lawsuit, putting $125 million in escrow at stake. Source: Gustavo Maldonado via X

The ongoing Ripple lawsuit remains a major factor weighing on investor confidence. According to recent XRP lawsuit news, the uncertainty around regulatory outcomes could continue to suppress Ripple currency price performance in the near term.

Ripple CEO Brad Garlinghouse has reiterated that the company will fight for clarity, calling the SEC’s approach “unjust” and harmful to innovation. The XRP SEC lawsuits have become a defining moment for crypto regulation in the U.S., with many investors closely monitoring developments.

In the current market environment, XRP appears vulnerable to further declines unless a strong recovery emerges. The failure to respond to favorable macro data, combined with geopolitical uncertainty and unresolved regulatory pressure, places XRP in a fragile position.

Still, the longer-term structure may not be completely broken. If Ripple news turns positive or if the Ripple lawsuit sees a meaningful resolution, sentiment could shift. Until then, traders should keep a close eye on the $2.09 support zone, as a breach below could open the doors to sub-$2 levels for the first time in months.

In summary, while XRP’s recent 6% drop signals short-term weakness, the broader Ripple market narrative remains open-ended. Much will depend on whether bulls can defend current support levels—or if another wave of selling pushes the token into deeper territory.