Cryptocurrency Market Analysis: XRP and Ethereum Price Forecast

Published: June 12, 2025

Author: Alejandro Arrieche

Key Highlights

• XRP has found support at $2.2 and may target $2.3 if trading volumes increase during the American session.
• Ethereum is approaching a target of $3,000 and has formed a bullish cup and handle pattern suggesting a potential rise to $4,100.
• Both cryptocurrencies are currently in positive territory over the past week, indicating a market recovery.

XRP Analysis

XRP has recently experienced a mild downtrend after reaching near its all-time high. The price broke below a significant support level at $2.28, leading to a decline to $2.2. This level is crucial as it has shown to be a point of support during the Asian trading session. The upcoming American session will be critical to determine if this support holds.

If XRP breaks below this support, traders may look for a retest to confirm a bearish trend, potentially entering short positions with a target around $2.16. Conversely, a strong bounce could see XRP retesting the $2.28 resistance, with a further target of $2.3 if the support holds.

Technical indicators show a bearish outlook, with the Relative Strength Index (RSI) indicating negative momentum and a 'death cross' formation in the moving averages suggesting further downside risk.

Ethereum Analysis

Ethereum has been steadily moving towards the $3,000 mark, despite recent market weaknesses. It is currently in a consolidation phase, which is often seen as a precursor to a bullish breakout. The Pectra upgrade is a significant factor contributing to Ethereum's price strength, enhancing its efficiency and scalability.

A bullish cup and handle pattern has emerged on Ethereum's daily chart, indicating a potential breakout. The height of the cup suggests that if a breakout occurs, Ethereum could rise by approximately 49%, targeting $4,100. A successful breakout would likely be followed by a retest of the trend line, confirming the bullish pattern and potentially leading to significant upward movement.

Conclusion

Both XRP and Ethereum are at critical junctures in their price movements. XRP's ability to hold above $2.2 will be essential for its short-term outlook, while Ethereum's consolidation phase could lead to a breakout towards $4,100 if the bullish pattern is confirmed. Traders should remain vigilant and consider market volumes and technical indicators when making trading decisions.