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The XRP price edged up over 1% in the past 24 hours to trade at $2.19 as of 3:33 a.m. EST, with a 5% surge in trading volume to $1.58 billion.
This comes as the world’s first spot XRP exchange-traded fund (ETF), issued by Brazilian cryptocurrency asset manager Hashdex, plunged 6.33% over the past week and 20.86% in the last month, according to TradingView data, closely tracking XRP’s own 7.7% decline over the same period.
XRPH11’s debut is closely mirroring XRP’s choppy price action, as the token has struggled to break above the $2.35 level in the past month.
XRP Consolidating Within A Descending Triangle Pattern
The XRP price on the 3-day timeframe shows that the asset is trading within a well-defined descending triangle pattern, a traditionally bearish formation that suggests potential downward pressure.
This pattern is marked by lower highs, as illustrated by the descending trendline connecting points B and D, while the horizontal support around the $1.97 level, marked by points A and C, has consistently held, forming the triangle’s base, as GeckoTerminal data shows.
A descending triangle could signal a possible breakdown if the Ripple token price action breaches the horizontal support. However, it can occasionally break to the upside. Currently, the XRP price is trading just above this horizontal base near $2.19, keeping traders on alert for a decisive move in either direction.
The 50 Simple Moving Average (SMA) is currently at $2.36, sitting just above the current price. This SMA has acted as dynamic resistance in recent candles, suggesting that momentum is weakening.
On the other hand, the 200 SMA, is well below the current XRP price, reinforcing the longer-term bullish bias.
Meanwhile, the Relative Strength Index (RSI) is currently at 47.83, which places it in neutral territory. This implies that neither bulls nor bears hold a decisive momentum edge.
Ripple Token Price Prediction
XRP appears to be coiling for a breakout. The direction of this breakout will be key.
If the $1.95 support is broken, XRP may target the next key support area around $1.50 to $1.20, closer to the 200 SMA.
However, a break above the descending resistance trendline ($2.40) would invalidate the bearish pattern and could lead to a bullish continuation toward the $3.00 psychological resistance and possibly higher.
Meanwhile, investors are flocking to the presale for a new Solana layer-2 project called Solaxy (SOLX). The project has already brought in over $52.4 million, making it one of the largest token presales of 2025.
Popular YouTube channel 99Bitcoins, with over 723K subscribers, says the crypto has the potential to soar 10X post-launch.
Solaxy Presale Closes On The $53 Million Milestone – Hours Left To Buy
The Solaxy presale still has around 5 hours remaining, giving investors a limited window to participate before its conclusion, after raising over $52.4 million in early funding.
Solana is fast and cheap, handling thousands of transactions every second. However, when too many people use it simultaneously, the network can slow down or stop functioning. To help with this, the Solaxy team built a special layer-2 system.
The project aims to implement off-chain processing mechanisms similar to those found in Ethereum’s layer-2 solutions. Platforms like Arbitrum and Optimism have already proven this model successful.
Solaxy is soaring through the cosmos! ☄️
52M Raised! 🔥 pic.twitter.com/wjPCPzKF0j
— SOLAXY (@SOLAXYTOKEN) June 16, 2025
With the presale ending, the project’s team has said that SOLX will list on ‘major exchanges,’ but hasn’t yet revealed which ones will trade the coin first.
In addition, Solaxy plans to unveil its new Solana layer-2 at the same time that SOLX begins trading.
This is a major development that creates immediate utility for the SOLX token and is expected to have a significant impact on the Solana ecosystem.
Investors interested in participating in the presale can visit the official Solaxy website to buy SOLX tokens for $0.001764 each using BNB, ETH, USDT, or a bank card.
The project’s presale staking program also offers token holders a huge 80% APY. Anyone looking to buy SOLX at the best rate will want to hurry, as the presale is set to end in around 5 hours.
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