XRP slid 4.81% on Thursday, June 5. Following Wednesday’s 1.96% decline, XRP closed at $2.0959, its lowest since April 21. Notably, the token underperformed the broader market, which declined 3.63% to a total crypto market cap of $3.13 trillion.
XRP’s near-term price outlook hinges on legal-related updates and spot ETF-related news.
A break above $2.20 could signal a climb toward $2.5 and the May 12 high of $2.6553. A sustained breakout from $2.6553 may open the door to retesting $3 and the record high of $3.5505. Conversely, a drop below $2 and the 200-day EMA could expose XRP to the $1.9299 support level.
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