XRP Outlook: Sideways Momentum Persists Near Key $2 Level

XRP continues to be at the center of attention in the cryptocurrency space, with the token struggling to build momentum due to sustained resistance levels. Over the past week, XRP’s performance remained subdued, recording only a slight 1% uptick. This stagnant movement comes as buying pressure falters against the $2.3 barrier, a level that has acted as a ceiling for any major bullish attempts.

The diminished trading volume observed throughout June has further limited XRP’s upward prospects. Without renewed enthusiasm from traders, the digital asset risks a further retreat toward the critical $2 support zone, an area where buyer interest has historically returned.

Since early May, XRP has exhibited a sideways trajectory, lacking the volatility or momentum required for a breakout. With the market structure showing little change, XRP is expected to hover near the $2 mark in the coming weeks. Traders are closely watching this level as a potential pivot point that could dictate the next short-term trend.

Shifting the spotlight to some of XRP’s peers, we observe contrasting behaviors across the broader altcoin landscape.

Cardano (ADA)

Cardano experienced notable pressure this week, slipping by 6% after breaching its previous support levels at $0.64. This breakdown solidifies that level now as resistance and signals a potential extension of its bearish phase. The next plausible support regions are located at $0.55 and $0.50 — levels that were last tested in April.

Since reaching its high at $1.3 in late 2024, ADA has entered a clear pattern of declining highs. This persistent downtrend prevents any sustainable recovery and fuels continued pessimism in the market. Unless Cardano reclaims key technical levels, any substantial bounce remains elusive.

Binance Coin (BNB)

Binance Coin attempted to challenge the $692 resistance level in late May but was met with selling pressure, resulting in a downward correction. This movement has persisted, culminating in a modest 1% loss over the last week. Despite the decline not being drastic, BNB remains under short-term bearish influence and could revisit the support levels of $630 and $600.

Holding above $600 is crucial for Binance Coin to maintain a bullish long-term outlook. Given the ongoing low trading volume, BNB might continue to consolidate above this threshold. However, if the token nears $600 again, it might trigger a renewed bullish response from traders seeking entry points.

Solana (SOL)

Solana finds itself in a challenging position as downward pressure builds. After failing to breach the $186 resistance level, SOL has trended lower in recent sessions. With the token now trading below $150, sellers have regained control of the market narrative.

Should this bearish momentum continue, the next price targets for SOL include $130 and potentially $118. Compounding the issue is Solana’s inflationary token structure, which may discourage buyers during downturns. However, if the asset approaches the $130 mark, a temporary relief rebound could materialize as traders seek value-based accumulation.

Hype (HYPE)

HYPE witnessed a significant correction this week, losing around 10% of its value after failing to sustain its previous upward channel near the $39 level. This stumble has pushed HYPE to approximately $35, which represents a more than 20% decline from its peak at $46.

The next key support areas lie at $34 and $30. While the token continues to correct, its underlying fundamentals remain strong and could offer the foundation for a future rebound. For now, market participants are likely to wait for a clear bottom, with potential accumulation zones around $28–$30.

Related: Expert Advice: Sell XRP If You’re Confused

Despite broader market uncertainty, XRP continues to be watched closely due to its technical positioning. Until the $2.3 resistance is decisively surpassed or the $2 support is broken, the cryptocurrency may remain locked in a narrow trading corridor. For traders and long-term holders alike, XRP’s current consolidation phase presents both caution and opportunity.