XRP Surges Above $2.20 Resistance Amid Increased Trading Volume
XRP has surpassed the $2.20 resistance level, gaining nearly 2% amid increased trading volume and favorable macro conditions.
Key Points
- XRP's price rose by 1.56% in the final hour of trading with volume exceeding three times the 24-hour average.
- The breakout coincides with a period of stability in global markets following ceasefire announcements in conflict zones.
- XRP had previously dropped to $1.90 but has since recovered 14%.
- Technical analysts indicate XRP has broken out from a descending wedge pattern, testing new support between $2.22 and $2.23.
- A significant spike in trading volume occurred at 13:00 UTC on June 25, with over 107 million XRP traded.
- XRP is forming a long-term symmetrical triangle pattern, now 334 days old, with potential upside targets of $5–$10 if momentum continues into Q3 2025.
Price Action
XRP fluctuated within a $0.04 range over the last 24 hours, closing near session highs at $2.23 during strong volume support.
New support has formed at $2.22–$2.23, with sellers struggling to push prices lower despite notable whale activity.
Technical Analysis Recap
- XRP gained 1.78% in 24 hours, rising from $2.19 to $2.23.
- Breakout confirmed by significant volume spikes at 13:18 (+1.63%) and 13:44 (+13M volume).
- New support established at $2.22–$2.23 after a strong hourly close above resistance.
- RSI and MACD indicators show rising bullish divergence; previous key resistance was at $2.14.