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XRP price started a fresh increase above the $2.265 zone. The price is now 
consolidating and might aim for an upward move above the $2.30 resistance. XRP 
price started a decent upward move above the $2.250 zone. The price is now 
trading above $2.250 and the 100-hourly Simple Moving Average. There is a 
bullish trend line forming with support at $2.2750 on the hourly chart of the 
XRP/USD pair (data source from Kraken). The pair might start another increase 
if it clears the $2.30 resistance zone. XRP Price Consolidates Gains XRP price 
formed a base and started a fresh increase from the $2.10 zone, like Bitcoin 
and Ethereum. There was a move above the $2.150 and $2.20 resistance levels. 
The bulls even pushed the price above the $2.25 level. Finally, the price 
tested the $2.320 resistance. A high was formed at $2.3294 and the price is 
now correcting some gains. There was a move below the 23.6% Fib retracement 
level of the upward move from the $2.2250 swing low to the $2.3294 high. The 
price is now trading above $2.250 and the 100-hourly Simple Moving Average. 
There is also a bullish trend line forming with support at $2.2750 on the 
hourly chart of the XRP/USD pair. On the upside, the price might face 
resistance near the $2.30 level. The first major resistance is near the $2.320 
level. The next resistance is $2.350. A clear move above the $2.350 resistance 
might send the price toward the $2.40 resistance. Any more gains might send 
the price toward the $2.420 resistance or even $2.450 in the near term. The 
next major hurdle for the bulls might be $2.50. Downside Break? If XRP fails 
to clear the $2.30 resistance zone, it could start another decline. Initial 
support on the downside is near the $2.2750 level and the trend line. The next 
major support is near the $2.250 level and the 76.4% Fib retracement level of 
the upward move from the $2.2250 swing low to the $2.3294 high. If there is a 
downside break and a close below the $2.250 level, the price might continue to 
decline toward the $2.220 support. The next major support sits near the $2.20 
zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing 
pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for 
XRP/USD is now below the 50 level. Major Support Levels – $2.2750 and $2.250. 
Major Resistance Levels – $2.30 and $2.320.

XRP Price Takes a Breather—Consolidation Phase or Bullish Setup?

In his latest macro-technical analysis, crypto strategist Kevin 
(@Kev_Capital_TA) has flagged a potentially pivotal moment for Ethereum (ETH), 
arguing that a confluence of rare monthly chart signals—some not seen in 
years—could be laying the groundwork for durable altcoin outperformance. 
Speaking in a video posted June 9, the analyst described the current Ethereum 
setup across multiple timeframes as “something we’ve never seen before,” 
drawing comparisons to historical signals that preceded major rallies in 2016, 
2018, and 2020. Ethereum Primed For Macro Breakout Kevin emphasized that 
Ethereum now exhibits strong bullish momentum across its USD pair, dominance 
chart, and ETH/BTC ratio, pointing to a simultaneous alignment of several 
high-time frame indicators. “These are things that just don’t pop up every 
day,” he said. “Matter of fact, these are things that have almost never popped 
up in such confluence throughout history for Ethereum.” The core of Kevin’s 
thesis hinges on what he calls a “monthly demand candle”—a large, typically 
green candlestick that emerges after a protracted correction. Ethereum printed 
such a candle in May 2025 following nearly a year of sideways chop and five 
months of drawdown. Historically, these demand candles have marked the start 
of significant uptrends. Kevin cited analogous structures in 2016, 2018, and 
during the COVID-19 crash in 2020, all of which preceded multi-month rallies. 
“This may be the most textbook demand candle we’ve ever had,” he noted, adding 
that “the last time we saw something like this was before ETH ran for nearly a 
year with barely any major correction.” Related Reading: Pundit Says Do Not 
Ignore Ethereum Amid New All-Time Highs In Major Metric Supporting the candle 
analysis is a synchronized bullish turn in several technical indicators. The 
Market Cipher momentum wave has clipped into the oversold zone and printed a 
confirmed green dot buy signal. Simultaneously, the VWAP—volume-weighted 
average price—has crossed above the zero line, and money flow has started to 
trend upward. Kevin was explicit about the importance of this configuration: 
“Let me tell you something: this is a big deal.” The monthly RSI, currently 
sitting at 51, has not yet broken the crucial 70-level that historically marks 
the onset of parabolic price action. According to Kevin, “ETH has never even 
broken 70 this cycle. You haven’t seen what’s possible yet for Ethereum—or for 
altcoins in general. You’ve seen nothing yet.” He also highlighted the return 
of whale accumulation, measured through a proprietary “whale money flow” 
indicator. After exiting ETH positions for over a year—from March 2024 to May 
2025—whale flows have shown a V-shaped bottom and are now turning up. “We are 
now starting to see accumulation durably here,” Kevin said. “You keep hearing 
that BlackRock&#8217;s buying ETH, and I don’t know if that’s reflected in this 
indicator, but we are definitely seeing whale activity occur on the monthly 
time frame.” The analyst went further, showing that Ethereum’s stock RSI on 
the monthly timeframe has not only bottomed out but is now rebounding 
sharply—a pattern that historically precedes long-duration uptrends. “This is 
aggressive movement,” he explained, noting that for confirmation, the RSI 
still needs to cross the 20-level, but emphasized that the current shape of 
the rebound is stronger than in previous cycles. Ethereum Shows Relative 
Strength Another key piece of the puzzle is Ethereum’s dominance chart, which 
tracks ETH’s market cap relative to the rest of the crypto space excluding 
Bitcoin. Kevin pointed to a potential double bottom on the monthly chart and a 
newly confirmed MACD momentum shift, the first in over two years. “That’s two 
years and one month of downtrend finally reversing,” he said. Related Reading: 
Ethereum Consolidates As Momentum Builds – Analyst Has $3K In Sight For June 
Finally, the ETH/BTC pair is showing a near-identical structure to Ethereum’s 
dominance chart. Kevin believes this confluence is key. “Look at that—wow, 
that’s funny—it looks the same. You find your major low right where you found 
it in 2020. The monthly indicators are all curling up.” Still, he remained 
measured in his optimism, noting that macroeconomic conditions—particularly 
monetary policy—remain essential for confirming the bullish case. “It’s going 
to take some monetary policy shifting. We still need inflation to come in 
line. But the market is living four to six months ahead. If the market starts 
to sniff out that easing is coming, we’ll see that reflected in asset prices 
before it happens.” Referencing cycle theory and historical post-halving 
performance, Kevin argued that ETH’s recent relative strength fits both 
narratives. “Typically, ETH and altcoins start to outperform Bitcoin in the 
post-halving year. We’re halfway through that window—and it looks like it’s 
finally starting.” Looking ahead, he sees Ethereum as the “major key” that 
unlocks broad altcoin outperformance. “ETH opens the door to soaking up market 
cap, which will then leak down into mid-caps and small-caps. Everything starts 
with ETH.” While reiterating that patience is crucial, Kevin concluded with 
conviction: “The monthly timeframe indicators have never been more 
historically on our side. I think we’re on the verge of something really big.” 
At press time, ETH traded at $2,739. Featured image created with DALL.E, chart 
from TradingView.com