XRP Price Enters Bearish Territory: Time to Double Down or Cash Out?

The markets are under a correction phase as Bitcoin fell below the $104K price, and mass liquidations pulled in the bears as the broader crypto market fell. With multiple factors causing the drop, the XRP price predictions also turned pessimistic, with a lack of positive developments and cautionary Ripple news.

While the XRP experienced a drop, it has managed to break its fall at the $2.07 range, but it is unlikely to enter any new bullish movement anytime soon. This XRP price prediction examines the reasons why an upcoming viral project, Unilabs Finance, can be a lifeline in an increasingly strong bear run.

Bearish Sentiment Rules Over Most XRP Price Predictions

Right now, the XRP is trading around the $2.13 price range, having received a slight boost from the $2.07 price range, which acted as strong support. Most investors are adopting a wait-and-see approach by mid-June. Ripple news is focused on upcoming ETF approvals and the SEC case hearing. Both of these are expected by mid-June, and positive developments should help boost XRP towards the $3 range at the least.

Source: CoinMarketCap

The XRP price is hovering below its 200-day exponential moving average (EMA) of $2.10, which is showing declining short-term momentum. The MACD and Relative Strength Index (RSI) are also indicating a consolidation around the $2.13 range, if further drops dont happen.

With minimal bull support right now, the $2.05-06 range is key, as a drop below this could push the XRP price prediction even lower, towards the $1.97 range.

Pessimistic Ripple News Boosts Unilabs Presale Momentum

While the XRP price predictions are dropping, the emerging DeFi asset management project is gaining investor attention with its AI-supported, feature-rich investment platform. With many projects adapting to the market and increasing their use of AI technology, Unilabs is standing out for its integrated and comprehensive use of AI tools in its trading platform.

For instance, users can access the Unilabs Launchpad, which applies AI-driven insights and real-time market data to identify new crypto coins with the most growth potential. As a result, investors in the appropriate fund can get access to a promising token early before anyone else does. Similarly, these same insights allow the fund to divest from declining projects before booking significant losses.

Unilabs Market Pulse uses advanced AI tools to scout the market for opportunities. It offers an analysis of market trends, key token movements, and other pressing opportunities in the market.

Its proprietary Early Access Scoring System ranks newer projects based on multiple factors, like team credibility, use-case potential, tokenomics, and market sentiment. This dynamic scoring system simplifies decision-making by presenting clear, data-backed ratings for upcoming crypto projects.

Unilabs is also redistributing 30% of its platform fees to UNIL token holders. This means that the more tokens people hold, the more rewards they receive. As a result, over 496M UNIL tokens have been bought by the third presale round.

Its crypto coin is currently worth just $0.006, which is a 50% increase from its starting price of $0.004. Unilabs is gaining momentum as a crypto asset management project that already has $30 million in Assets under Management.

Conclusion

XRP price predictions for the rest of June are based on multiple factors, all of which are external. Meanwhile, the drop below the psychological price of $2.2 is a critical aspect that can drive away loyal Ripple holders and create selling pressure in the network.

Meanwhile, other investors are choosing to move on to other reliable gain options by investing in the Unilabs Finance presale, which has already delivered 50% gains and will deliver another 25% by Q3.