XRP price prediction for June 29: divergence signals fatigue, not reversal
XRP is trading at $1.04, down 1.38% over the past 24 hours. Price has barely moved while traders wait for the US stock market to reopen. My take: this is not a brave market. Crypto often shadows US equities when sentiment gets shaky, and right now the tape does not show much appetite for risk. The bullish divergence on XRP’s chart is worth watching, yes, but it has not produced a rally. Not yet. For now, this looks more like hesitation than strength, with the Federal Reserve still weighing on liquidity.
The immediate XRP price prediction for June 29 is blunt: XRP is stuck. On the weekly chart, the broader trend is still bearish. There is no confirmed bottom, and XRP has not broken cleanly out of the larger downtrend. It does have support between $0.90 and $1.00, and the latest bounce came almost exactly from $1.00. Bulls can take something from that. Buyers are still stepping in near the bottom of the range. But the next real test is near $1.13. Until price pushes into that level instead of drifting below it, the chart does not look healthy.
The daily chart is quiet. Maybe too quiet. The past two candles have small bodies, which tells us neither side has control. Why does this matter? Because weak candles after divergence often mean the market has stopped selling hard, not that buyers have taken over. Most guides say bullish divergence is a reversal signal. That’s only half right. Divergence does not mean “buy now” or “big rally next.” It means selling pressure has eased. That’s it. Sellers may be tired, but tired sellers do not magically create strong buyers. XRP has stopped falling hard, which is better than the alternative, but the chart is still moving sideways instead of proving anything. We tried to read this kind of pause as strength before. It usually needs confirmation. This kind of pause can lead to consolidation. It can come before sentiment improves. It can also chew up a few more sessions and give traders nothing useful.
XRP’s lack of direction fits the wider market. Risk assets are waiting on macro signals, especially from US equities. Once stocks open, traders should get a better sense of whether money is moving toward risk or away from it. The Federal Reserve is still part of that calculation because rate hikes, tapering talk, tighter liquidity, and hawkish guidance usually hurt speculative assets. We saw that in early 2022, when the Fed turned hawkish and crypto sold off hard. Bitcoin fell from its November 2021 high near $69,000 to below $30,000 by June 2022. XRP has its own setup right now, but treating it as separate from the larger market would be a mistake. Counter to the usual advice, this is not just an XRP chart call. Traders are waiting for traditional markets to pick a side before leaning harder into crypto.
XRP also has its own baggage. The SEC lawsuit against Ripple is still hanging over the asset, and that can cool bullish interest even when the chart starts to look less bearish. I’ll be honest: this is the part chart-only traders tend to underweight. The lawsuit will not show up as a neat candle pattern, but traders know it is there. That uncertainty can keep larger buyers cautious, especially compared with assets like Ethereum, where the regulatory picture has looked clearer at times. The missing strong green candle after the divergence may reflect some of that hesitation. Until the market gets more regulatory clarity, XRP can trade at a discount to peers, even when crypto conditions improve. The technical signal still matters. Investors may still want more proof before chasing upside.
The bullish divergence has not been confirmed yet. XRP still needs a strong green candle before the setup means much. One thing to watch is another RSI dip that stays above the early June low. If that happens, the divergence stays alive. If it fails, the setup weakens quickly. Is this overkill for one daily signal? No, because the difference between “fatigue” and “reversal” is where bad trades usually happen. Until US stocks open and give the market a better lead, XRP probably stays neutral, with small moves and a lot of waiting.
What this means
XRP’s flat price action and bullish divergence suggest sellers are losing pressure, but this is not a confirmed reversal. Yes, this contradicts the tempting read from the RSI. Bear with me. It looks more like consolidation. Price is still stuck between the $0.90 to $1.00 support zone and resistance near $1.13. For traders, breakout trades may stay messy until XRP gives a clearer signal. Right now, the ticker to watch is XRP, and the chart is saying “pause,” not “launch.”
Next, watch the US stock market open. That should give a better read on risk appetite. Also watch XRP’s RSI. A dip that holds above the early June low would keep the bullish divergence intact. Outside the chart, Fed comments on rates or quantitative easing could give XRP the push it needs to leave this range. My stance: bulls need proof, not vibes. Bulls need a strong green candle. Until they get one, range trading is still the cleaner assumption.