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The XRP price dropped 2% in the past 24 hours to trade at $2.137 as of 4:06 a.m. EST, with an 80% rise in trading volume to $3 billion.
The drop comes as Elon Musk reignited a long-running conspiracy theory by linking Donald Trump with disgraced financier Jeffrey Epstein.
Time to drop the really big bomb:@realDonaldTrump is in the Epstein files. That is the real reason they have not been made public.
Have a nice day, DJT!
— Elon Musk (@elonmusk) June 5, 2025
White House spokeswoman Karoline Leavitt on Thursday called Musk’s behavior “an unfortunate episode,” adding the Tesla tycoon is unhappy with the One Big Beautiful Bill because it does not include the policies he wanted.
XRP Price Testing The Lower Boundary Of A Falling Wedge, Still Bullish
The XRP price is currently trading within a falling wedge pattern, characterized by converging downward-sloping trendlines that encapsulate lower highs and lower lows. This pattern is typically bullish, especially when it appears after an uptrend, as is the case here, following XRP’s strong rally in late 2024.
The falling wedge shows a loss of downside momentum, as each successive low becomes shallower. The Ripple token price is currently testing the lower boundary of the wedge but still trading within the wedge, suggesting that a potential breakout may be imminent.
The wedge is formed between swing highs and lows labeled A, B, C, and D, possibly indicating a harmonic ABCD formation that often accompanies reversals, as GeckoTerminal data shows.
Additionally, the price of XRP remains well above the major rally base near $0.5869 and is currently holding above the 0.5 Fibonacci retracement level ($1.9373), making this zone a critical support region.
The 50 Simple Moving Average (SMA) on the 3-day chart is at $2.4005 and currently acts as dynamic resistance, aligning closely with the upper wedge boundary.
The 200 SMA at $1.1657 is rising steadily and remains well below current XRP price levels, suggesting that the long-term bullish structure is intact, despite the medium-term correction.
Meanwhile, the Relative Strength Index (RSI) is sitting at 45.52, which indicates neutral-to-slightly bearish momentum.
However, the RSI has not reached oversold levels, and its positioning just under 50 aligns with a market that is coiling for a directional move rather than one experiencing capitulation.
Ripple Token Price Prediction
According to the XRP price analysis on the 3-day chart, the probability favors a bullish breakout, provided that the Ripple token can decisively close above the $2.40 resistance and the upper wedge boundary.
In such a scenario, immediate upside targets would include the 0.236 Fibonacci level at $2.69, followed by psychological resistance near $3.00.
Should XRP fail to break out and instead fall below the wedge support and the $1.93 zone, a bearish continuation could take it down to the $1.60 Fibonacci level or even the 0.786 retracement near $1.12, where the 200 SMA could offer strong support.
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 Racing Towards The $500K Milestone – Buy And Stake For A 682% APY
Snorter Token, sporting a quirky aardvark mascot, is a Solana-based Telegram trading bot that has raised over $472K since its presale launched.
With a promise to deliver lightning-fast trades and dirt-cheap fees, Snorter is positioning itself as a game-changer for retail traders looking to cash in on the meme coin craze.
Built on Solana’s blazing-fast blockchain, the bot offers sub-second swaps, letting you snipe new tokens before the big players.
Snorter Bot beats all the competition in terms of fees as well. By simply holding the SNORT token, traders reduce their execution fees from 1.5% to 0.85%, undercutting other Telegram bots.
1 minute candles. 10 second decisions. 100x gains.$SNORT pic.twitter.com/eg3GgRhPYa
— Snorter Support 📥 (@SnorterToken_) June 4, 2025
It also comes with features like MEV protection to dodge sneaky bot attacks, rug-pull detection with an 85% success rate, and copy-trading to mimic the moves of top traders.
Plus, a live dashboard lets you track your portfolio and profits with ease. In addition to its trading features, annual staking rewards currently sit at 682%, which decreases as more investors join.
Tokens can be bought at a discounted price of $0.0943 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 1 day away.
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