XRP pushed decisively above $2.20 resistance in the latest session, gaining nearly 2% on the back of surging trading volume and improving macro conditions.
After days of subdued action, the token surged 1.56% in the final hour of trading, backed by more than triple its 24-hour average volume — suggesting renewed conviction among buyers and a possible shift in trend momentum.
News Background
- The breakout comes amid a rare bout of calm in global markets following ceasefire announcements across key geopolitical flashpoints, including Iran and Israel.
- Markets had been jittery for weeks as risk assets reeled from rising tensions, with XRP dropping to as low as $1.90 before staging a 14% recovery in recent sessions.
- Technical analysts note that XRP has broken out of a descending wedge pattern and is now testing new support near the $2.22–$2.23 zone.
- The move was bolstered by heavy buying during the 13:00 UTC hour on June 25, when volume spiked above 107 million XRP.
- That surge included several sharp intra-hour bursts, including a 1.63% rally on 7.8 million volume at 13:18 and a 13-million-unit spike at 13:44 that confirmed the breakout.
- This move also repositions XRP within a long-form symmetrical triangle pattern that’s been forming for 334 days.
- With technical compression nearing its limit, some analysts now eye an upside breakout into the $5–$10 range — if momentum can be sustained into Q3 2025.
Price Action
XRP traded within a $0.04 range over the last 24 hours, from $2.19 to $2.23. The most decisive action occurred during the 13:00–14:00 UTC hour on June 25, when XRP surged from $2.19 to $2.23, closing the hour near session highs with strong volume support.
Support has now formed near $2.22–$2.23, with sellers unable to push prices meaningfully lower despite earlier whale activity, including a $58 million transfer to Coinbase. Traders are watching whether this zone can hold and potentially serve as the launchpad for a fresh leg higher.
Technical Analysis Recap
• XRP gained 1.78% over 24 hours, from $2.19 to $2.23
• Triple-average volume breakout during 13:00 UTC hour—over 107M XRP traded
• Breakout confirmed by back-to-back spikes at 13:18 (+1.63%) and 13:44 (+13M volume)
• New support formed at $2.22–$2.23, following strong hourly close above resistance
• Long-term symmetrical triangle now 334 days old, with breakout window narrowing
• RSI and MACD indicate rising bullish divergence; $2.14 was previous key resistance
Read the full article here
