On June 6, 2025, XRP's price shifted into bearish territory following a period of potential bullish momentum, as noted by crypto analyst Master Ananda. The lack of expected trading volume has raised concerns about the altcoin's short-term prospects. (Source: Master Ananda, June 6, 2025)
After a market-wide crash, XRP showed signs of recovery with its first green daily close on May 31, continuing into June. The initial three days of June also closed in the green, indicating a potential bullish trend. However, the expected volume spike, crucial for confirming the bullish move, did not materialize. (Source: Master Ananda, June 6, 2025)
The absence of the expected volume suggests weakness, leading to a red close for XRP on the next day. Resistance is now building at the 0.382 Fibonacci level, around $2.2959. Clearing this resistance requires a volume surge to trigger a recovery. (Source: Master Ananda, June 6, 2025)
Data from Coinglass indicates that XRP's daily volume has remained below $5 billion in June, resembling bear market figures. This suggests reduced investor participation and caution in the current market conditions. (Source: Coinglass, June 6, 2025)