XRP (XRP) Price Prediction for July 6, 2025: Can XRP Break the Weekly Downtrend Channel?

Key Points

1. XRP price is pressing against the weekly chart's upper boundary near $2.28, aligned with the 0.382 Fibonacci retracement level, with higher lows indicating bullish pressure.

2. The daily chart shows XRP trading within a tightening triangle pattern, supported near $2.10 and capped near $2.30, with Donchian Channel compression and steady OBV confirming the coiling price structure.

3. Rejection from the $2.28–$2.34 supply region and weakening momentum are contributing to XRP's current price decline, with RSI and MACD signaling indecision.

4. Derivatives data shows a cautious tone, with open interest dropping by 2.29% and options volume surging 380%, indicating a shift toward hedging.

5. A breakout above $2.28 could target $2.71, while failure to hold above $2.20 may lead to a decline toward $1.94 and $1.59, with market participants advised to monitor volume and funding rate shifts.