XRP Price Prediction For Today (June 12): Can Bulls Push Past Resistance?

XRP price is trading just above the 50-day Simple Moving Average, hovering near $2.28. However buyers have shown mild interest, but it's not enough to force a breakout above key resistance.

XRP price is struggling to maintain the recent recovery and remains largely range-bound as buyers encounter resistance.

Despite a move above the 50-day Simple Moving Average (SMA), the initiative appears to be lacking.

The cryptocurrency has managed to rebound from the lows seen in May and is currently testing the key resistance zone at the $2.30 level.

However, the technical picture remains mixed, and the volume is still low, suggesting that sellers might return if the bulls fail to take charge.

Let's analyze the daily chart to identify the technical indicators and Fibonacci levels that could influence XRP's price trends.

XRP Indicator Readings on the Daily Chart

Most indicators are still pointing to downside pressure. Momentum is weak, and there's no strong buying signal yet.

The CCI reading suggests XRP is trading well below its average price, while the Stochastic and RSI are stuck in neutral-to-bearish zones. The ATR shows increased volatility, which may lead to sharper intraday moves in either direction.

What the Moving Averages Tell Us

Short-term and mid-term moving averages present a mixed picture. The 20-day and 50-day simple moving averages are signaling Sell, with XRP price sitting near or slightly below those levels.

This shows short-term resistance is still holding. However, the 100-day and 200-day moving averages are offering Buy signals.

This suggests that while short-term momentum is stalling, the longer-term outlook may be improving. XRP price has not yet broken out above the 50-day SMA, which remains the key level to watch.

XRP Price Prediction for Today (June 12)

Bearish Case: If XRP slips below $2.25, there's a good chance it could drift back toward the $2.20 support zone. That move would likely be fueled by more selling pressure or if the overall crypto market starts turning weaker again.

Realistic Case: XRP price may remain between $2.25 and $2.35 today. This would reflect continuation of the current range-bound behavior while waiting for volume or external catalysts.

Bullish Case: If XRP manages to close above the $2.30-$2.35 resistance zone with good volume on the daily chart, then a push toward $2.40 or maybe even $2.50 is possible. A confirmed breakout would mark a shift in momentum.

At this stage, the trend remains neutral. A clear break above $2.35 would be the first sign of renewed strength, but unless that happens with volume, XRP price is likely to keep moving sideways.