XRP enters June with bearish outlook amid rising sell pressure
XRP's June outlook is bearish amid historical weakness and increased selling
XRP enters June 2025 under bearish pressure, trading at $2.16 after erasing most of May’s gains. Historically, June has been unfavorable for XRP, with a median return of -8.49% over the past 11 years.
The Coin Days Destroyed (CDD) metric has spiked to 337 billion, indicating significant selling by long-term holders. Key support at $2.12 is being tested; a break below could push prices to $2.02 or $1.94, while a rebound above $2.27 might target $2.50.
Key takeaways
- Historical June Performance: XRP has a median return of -8.49% in June over the past 11 years, suggesting potential continued selling pressure.
- Long-Term Holder Activity: The Coin Days Destroyed (CDD) metric has surged to 337 billion, the highest since December 2024, indicating significant selling by long-term holders.
- Critical Support Levels: XRP is testing support at $2.12; a drop below could lead to $2.02 or $1.94, while a rebound above $2.27 might target $2.50.
Historical June weakness
June has historically been a challenging month for XRP investors. Over the past 11 years, the median return for XRP in June stands at -8.49%, highlighting a pattern of seasonal weakness. This trend suggests that XRP could continue facing selling pressure in June, intensifying the current bearish sentiment.
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Long-term holders selling
The Coin Days Destroyed (CDD) metric, which measures the total number of days that coins have been held before being spent, has spiked to 337 billion. This is the highest level since December 2024 and indicates that many long-term holders are selling their XRP holdings, likely to secure profits before potential further declines. Such activity from seasoned investors points to waning confidence in XRP’s near-term price recovery.
XRP Coin Days Destroyed. Source: Glassnode
Technical outlook
XRP is currently trading at $2.16, testing a key support level at $2.12. A break below this support could push the price down to $2.02 or even $1.94. Conversely, if XRP manages to rebound above $2.27, it could trigger gains toward $2.50. Investors should closely monitor these levels, as they will likely dictate XRP’s short-term price trajectory.bitrue.com
Conclusion
XRP faces a challenging June, with historical trends and current market indicators pointing toward continued bearish pressure. The significant selling by long-term holders and the testing of critical support levels suggest that caution is warranted.
In addition, investors are waiting for the end of the SEC lawsuit and the timing of Ripple's ICO. Investors should stay vigilant and monitor key price levels to navigate the potential volatility ahead.
As mentioned earlier, XRP price struggles to regain momentum as it remains below key resistance.
