XRP is facing a pivotal moment as we move through the second week of June 2025. After a modest rebound above $2.20, traders are watching closely to see whether this recovery can hold or whether further correction is on the cards. 

On-chain data has shown a steep drop in transactional activity, raising fresh questions about market sentiment. In this article, we look at the current setup, examine key levels, and outline possible outcomes leading up to 13 June.

XRP Struggles with On-Chain Weakness Despite Price Stability

Over the past few days, XRP has shown some resilience by reclaiming the $2.20 level, but the broader picture is far from encouraging. One of the most notable developments this week has been a dramatic decline in XRP payment volume. 

According to recent data, daily transaction volume dropped from over 1 billion XRP on 7 June to just 114 million XRP on 8 June. That is more than a 90% reduction in a single day.

This type of collapse in on-chain activity usually suggests one of two things: either large participants are exiting the network, or short-term demand has vanished. 

It also raises doubts about XRP’s recent rally from the 200-day exponential moving average (EMA), which had previously acted as a strong support level.

Despite the bearish tone from metrics, the price has remained relatively stable, up just over 3% from its recent low. XRP currently trades between $2.20 and $2.30, with thin trading volumes indicating a lack of strong conviction from buyers or sellers. 

This kind of price action can lead to sudden volatility, particularly if large holders choose to re-enter or exit their positions.

While the price is not collapsing, the underlying transactional slowdown should not be ignored. For now, XRP is holding, but without an uptick in network usage or volume, the rally may struggle to continue into the end of the week.

Read more: XRP Prediction: Ripple (XRP) Price Forecasts for 2025-2050

Key Levels to Watch: Support at $2.00 and Resistance Near $2.55

From a technical perspective, XRP remains in a cautious range. The price recently exited a descending triangle pattern, which is typically seen as a bullish signal. 

However, the breakout has lacked strong follow-through. This is partly because volume has not picked up enough to confirm momentum.

The immediate resistance sits around $2.26 and stretches up to $2.55. This is a region that has repeatedly acted as a barrier in previous weeks. 

Without stronger volume or fresh buyer interest, XRP may continue to struggle here. If price fails to break above $2.26 with conviction, a return to $2.08 or even $2.00 remains possible.

That $2.00 mark is psychologically significant and also lines up closely with the 200 EMA. A clean break below it could trigger further downside towards $1.80, which is the next area of historical support. That would represent a sharper correction and may begin to shake out weaker hands.

For bullish traders, a reclaim of $2.30 followed by a push towards $2.55 with increasing volume would be the signal to watch. In that scenario, the reversal could gain strength and shift the short-term trend back in favour of buyers.

Overall, XRP is balanced on a tight rope between recovery and correction. Much will depend on whether whales and institutional traders return to the market or remain on the sidelines. Until then, this range-bound price behaviour is likely to continue.

Read more: Can XRP Go Up by 10x Again? Analyst Insights

Will the Rest of the Week Bring Recovery or a Breakdown?

Looking ahead to the rest of the week, XRP will likely respond to two main factors: on-chain usage and how it behaves near the 200 EMA. At the moment, both indicators are sending mixed signals. 

The lack of volume and the plunge in payment activity point to weakening network demand. However, the fact that XRP is still holding above the $2.20 zone suggests there is at least some underlying support.

There are two possible scenarios playing out over the next few days. In the first, XRP continues to consolidate between $2.20 and $2.30 while bulls attempt to re-enter. 

If volume returns and transaction metrics improve, there is a realistic chance of another test of the $2.55 resistance. That could open the door for further upside going into the second half of June.

In the second scenario, XRP fails to maintain momentum, and price slips below $2.08. If that happens, the pressure on the $2.00 support zone increases, and we may see a sharp move down to $1.80. That would be a bearish outcome and could trigger broader caution across the altcoin market.

For now, it is important not to overreact to short-term moves. A single day of weak activity does not mean a full breakdown is coming. 

But it does suggest that traders should be careful with leverage and avoid chasing price without confirmation. Watching for strength above $2.30 or weakness below $2.08 will be the key strategy for this week.

Read more: XRP Not Moving? Here's What's Really Going On

Conclusion

XRP is walking a fine line as we move through the second week of June. Although the price has held steady above $2.20, the steep drop in on-chain payment volume signals declining demand.

The next few days will be crucial as XRP approaches the $2.26 to $2.55 resistance range. Without stronger volume or renewed interest, the risk of a breakdown remains.

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Frequently Asked Questions

1. Is XRP still bullish for June 2025?

XRP’s outlook is uncertain. While price is holding above support, weak transaction volume suggests limited short-term momentum.

2. What are the key support and resistance levels for XRP this week?

Support is around $2.00 and $2.08. Resistance lies near $2.26 and extends to $2.55. A break in either direction could set the tone for the month.

3. Why did XRP’s payment volume drop by 90%?

The drop may be due to reduced institutional activity or whale inactivity. It could also be temporary, but it raises concerns about utility and demand.

Investor Caution 

While the crypto hype has been exciting, remember that the crypto space can be volatile. Always conduct your research, assess your risk tolerance, and consider the long-term potential of any investment.

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