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The XRP price rose a fraction of a percentage in the past 24 hours to trade at $2.1629 as of 4:05 a.m. EST, on a 9% rise in trading volume to $1.68 billion.
This comes as the Ripple token celebrates its 13th birthday, having been created on June 2, 2012.
HAPPY BIRTHDAY #XRP 🥳
THE XRP LEDGER, WHICH FIRST LAUNCHED IN JUNE 2012, IS NOW 13 YEARS OLD! 🎂https://t.co/LFv1dMf6tK pic.twitter.com/lwCcmJ1jui
— 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) June 1, 2025
XRP Price Nears Critical Breakdown From Falling Wedge
The XRP price on the daily chart shows that the asset has been trading with a noteworthy technical development centered around a falling wedge pattern.
A falling wedge suggests a potential bullish breakout. This wedge formed from point B (peak) down through lower highs and lower lows, culminating in the narrowing of price movement between April and May 2025.
The horizontal support zone around $2.00 (near point C) is being tested again following the breakdown.
This level has historically served as a significant pivot point, acting as resistance in January and later as support. If this zone is decisively broken, a deeper retracement could follow, as GeckoTerminal data shows.
XRP price is currently fluctuating around the 0.382 retracement level ($2.2758). Meanwhile, the 50-day Simple Moving Average (SMA) sits at $2.2578, while the 200-day SMA is slightly higher at $2.3148.
The Ripple token price currently trades below both SMAs, a bearish signal, suggesting a lack of bullish momentum.
The Relative Strength Index (RSI) is currently at 40.46, hovering near the oversold threshold of 30. This places XRP in bearish territory but not yet oversold. The RSI has also trended lower since the peak near point D, reflecting increasing bearish momentum.
Ripple Token Price Prediction
XRP is showing signs of bearish pressure in the short term. A failure to hold the $2.0 zone could result in a descent toward $1.93 or even $1.60, aligning with deeper Fibonacci support.
However, if the $2.00 support level holds firm, the Ripple token price could attempt a bounce back toward $2.26 – $2.30, potentially retesting the 50-day SMA.
Meanwhile, opportunistic investors are redirecting their funds to a new ICO called Snorter Token (SNORT).
According to 99Bitcoins, a popular YouTube channel with over 723K subscribers, SNORT could soar 10X on launch.
Snorter Token Presale Hurtling Towards The $400K Milestone
Snorter Token is a new ecosystem token for Snorter Bot, a crypto trading bot designed to help traders swap and snipe newly launched Solana meme coins.
Snorter garnered over $150K in the first 24 hours after its presale launched, and has now pushed the total funds raised to over $343K in less than a week.
One of the unique aspects of Snorter Bot is that it uses Telegram for its full trading stack. Users can swap, snipe, copy trade, and monitor their portfolio entirely using the Telegram messaging app, with no need for a browser.
🚨 Snorter Bot is now live in Best Wallet! 🚨@SnorterToken is building a powerful multi-chain Telegram trading bot designed for speed, transparency, and automation.
Snorter Bot will give users the ability to access lightning-fast trades and real-time execution directly from… pic.twitter.com/EqkWxGMcQy
— Best Wallet (@BestWalletHQ) May 28, 2025
It stands out from bots like BONKbot or Maestro by offering lower fees (just 0.85% for SNORT holders), while protecting users with advanced honeypot and rugpull detection.
In addition to its trading features, annual staking rewards currently sit at 911%, which decreases as more investors join.
Tokens can be bought at a discounted price of $0.0941 with SOL, ETH, BNB, or a bank card, directly on the official website.
Interested investors should consider buying before the next scheduled price increase, which is approximately 3 days away.
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Best Wallet - Diversify Your Crypto Portfolio
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