News View Non-AMP

XRP Shows Bullish Signs Amid Market Pressure, Breakout Soon?

Published by
Nidhi Kolhapur

XRP is under pressure today as the market struggles. With Bitcoin nearing $100K and Ethereum falling, XRP has also slipped over 4% as traders react to political tensions and a wider market sell-off.

XRP Nears Key $2.40 Resistance

Despite the recent drop, XRP appears to be gaining momentum. Analyst Dark Defender shared recently that XRP is nearing a major resistance level on the weekly chart. If it breaks this key level along with the RSI barrier, it could trigger a strong upward move.

He shared that XRP has a strong price support at $2.22. If it holds above this support and breaks key resistance levels like $2.40, it could shoot up to as high as $5.85, an increase of about 144%. The market seems to be ticking toward a breakout, and excitement is building across the XRP community.

Analysts Point to Crucial Resistance at $2.36 for Breakout

Analyst Egrag Crypto also shared that for a short-term bullish breakout, XRP needs to first close above $2.30 to show buying interest, then surpass $2.35 to build momentum. The crucial level is $2.36, where XRP would break out of a major falling wedge pattern, which is a classic technical signal hinting at an upward trend.

If it further closes above $2.45, then it shows strong bullish control, and crossing $2.65 is the key for a big upward move.

XRP Could Follow 2017 Pattern, Rally Soon?

If XRP follows its 2017 pattern, a final breakout could start in 2-4 weeks. It has already been consolidating for 190 days, close to the 210-day mark back then. So, a big move might be around the corner. But, it may first dip to $2 to grab liquidity before pumping.

XRP is trading around $2.12, down 4% in 24 hours. It is now testing key support near $2.07. If it breaks lower, more losses could follow. Almost all of the moving averages are negative except the 200-day EMA at $2.08, which might act as support. Indicators like MACD remain bearish, and traders seem to be waiting for a clear move.

All eyes are on June 16 next, as a major Ripple v. SEC update is expected, which could decide XRP’s course. Institutional interest in XRP is also growing as VivoPower, Webus, and ACG are making major investments. Several XRP ETF applications await approval, including Franklin Templeton’s decision on June 17.

Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Recent Posts

Three Whale Approved Altcoins To Buy Before October

Crypto whales, often seen as the "smart money" in digital assets, have been loading up…

September 28, 2025

XRP Price Prediction After October 2025 ETF Approvals

The crypto market is watching October closely as the SEC faces deadlines for multiple ETF…

September 28, 2025

New XRP ETF Filing Warns of Whale Manipulation Risk

A fresh ETF filing with the U.S. Securities and Exchange Commission (SEC) has flagged whale…

September 28, 2025

CZ Clarifies Binance Has No Official Role in Aster DEX’s Rapid Growth

The cryptocurrency world loves rumors, and lately, many have been circulating about Binance founder Changpeng…

September 28, 2025

Crypto Treasuries Companies May Crash Markets Nearly 80%, Like Dotcoms!

Crypto treasuries have become the talk of this market cycle, with institutions and corporations scooping…

September 28, 2025

Dogecoin Price at Risk: 20% Drop Looms if Bulls Fail to Reignite Momentum

Dogecoin (DOGE) has recently pushed past the $0.24 mark, signaling renewed strength in its price…

September 28, 2025