Researcher Says XRP Chart Looks ‘Absolutely Horrible’, Warns of Potential Drop

Ripple Van Winkle says XRP chart looks weak, warns of drop below $2 without major catalysts, but maintains long-term targets remain.

XRP has faced a bearish trajectory over the past week, falling from around $2.35 to approximately $2.15. Although it briefly touched a low of $2.11 on May 31, the asset managed a minor recovery, trading at $2.17 at press time.

Bearish Sentiment from Ripple Van Winkle

Against this backdrop, crypto researcher Ripple Van Winkle described XRP’s recent chart as “absolutely horrible.”

He highlighted that the current movement lacks strength and warned that without a significant market event, the token could fall back below the $2 level. He further noted that he had initially hoped for multiple bullish waves, rather than a single large upward move, which he considers less sustainable.

He also emphasized the current lack of momentum in the market, describing the overall sentiment as “very stale.” He suggested that approval of an XRP ETF could help revive activity. While expressing optimism about Bitcoin potentially reaching $120,000 next, he noted that altcoins, including XRP, may have to wait.

Very stake

Bitcoin $120k coming next

Alts we shall wait

— Ripple Van Winkle | Crypto Researcher 🚀🚨 (@RipBullWinkle) June 1, 2025

Continuing his remarks in the comment section, he distinguished between holders and traders. According to him, long-term holders should remain unaffected by the short-term downtrend, while traders may need to act with more caution. He maintained that his long-term targets for XRP remain unchanged despite the current market state.

In addition, he referenced the potential impact of the Hidden Road deal, suggesting that regulatory clarity on stablecoins could amplify its effect. However, he clarified that market participants should not rely solely on bullish narratives, as market conditions remain in flux.

100% covered that in Today's video

Hidden Road deal will be a monster once we get regs on stable coins

— Ripple Van Winkle | Crypto Researcher 🚀🚨 (@RipBullWinkle) June 1, 2025

Bullish Forecasts from Remi Relife

In contrast, crypto commentator Remi Relife provided an optimistic forecast, suggesting XRP could begin trading in a higher price range as early as June or July. He cited the end of what he called the “delay era,” pointing to a series of developments that could serve as catalysts.

These include the launch of X-Payments, potential announcements around the Genius Act on stablecoin regulation, and a resolution in the ongoing SEC case. He also mentioned XRP ETFs and broader transitions such as ISO 20022 integration and renewed institutional interest as critical mid-2025 factors.

According to Remi, these events, especially when timed with the summer period, could trigger significant market movements.

He tied the timing to both technical analysis and historical chart trends, stating that the anticipated shift is backed by Fibonacci levels and past market behavior. He emphasized that institutional triggers, if realized, could drastically impact XRP’s trajectory in a short period.

Institutional Triggers and Supply Constraints Highlighted

Expanding further, Remi stated that the launch of XRP-based ETFs could result in a major supply squeeze. He speculated that if ETFs allocate 20 XRP per share, institutional demand could deplete available retail and OTC liquidity.

He argued that there is already limited XRP circulating in the market, and increased interest from large investors may only heighten this shortage.

Meanwhile, other analysts echoed the view that June could be pivotal. Martin Hiesboeck, Head of Research at Uphold, cited several potential triggers including the Federal Reserve’s interest rate decision, the XRP Ledger APEX Summit in Singapore, and expected XRPL updates.

These updates may feature AI integration, DeFi expansion, and support for tokenized assets, all of which could contribute to broader price movements in the coming weeks.