Unlocking XRP's Potential: Expert Insights on the June 2 Price Forecast

Positive Momentum Brewing as Crypto Market Starts Week Strong

According to the latest data from CoinMarketCap, the crypto market has kicked off the week with a bullish sentiment. While the price of XRP has seen a slight decline of 0.18% over the past 24 hours, the overall market outlook appears promising.

On the hourly chart, the XRP price has been rising after establishing a local support level at $2.1357. If this upward momentum continues, there is a chance that the digital asset could reach the resistance level by tomorrow.

However, on the broader time frame, the price of XRP remains far from key levels, indicating that neither the bulls nor the bears are currently dominating the market. The low trading volume further confirms the absence of significant buying or selling pressure.

From a mid-term perspective, the market outlook for XRP appears more bearish than bullish. Investors should closely monitor the weekly close in relation to the $2.0777 support level.

At the time of writing, XRP is trading at $2.1534.