XRP News Today: XRP Consolidates Near $2.23 Resistance Awaiting Breakout

Ripple’s XRP has been consolidating in a tight range, with traders closely monitoring for signs of a decisive move. The daily chart for XRP/USD shows the price hovering around $2.19, with Heikin Ashi candles suggesting a mixed sentiment but with slightly bullish undertones. Over the past month, XRP price has held a narrow horizontal channel between $2.10 and $2.25. This sideways movement indicates a phase of accumulation, often seen before a breakout.

Looking at the pivot levels, we see Fibonacci retracement zones clearly mapped. The primary pivot resistance is at $2.23. If XRP breaks and closes above this level, the next targets will be the 0.382 retracement at $2.38 and the 0.5 retracement at $2.50. A simple upside calculation shows that if XRP price clears $2.23 and moves to $2.50, that’s a 12% increase from the current level. Downside risk appears limited to the S1 support at around $2.00, roughly 9% lower, which gives a risk-reward ratio of about 1.33, slightly favorable for bulls.

The Relative Strength Index (RSI) sits near 51.28, which is a neutral zone. It’s neither overbought nor oversold, giving XRP price ample room to rally if fresh buying volume kicks in. The RSI has bounced back from the 44–45 range twice in June, indicating that dip-buyers remain active around these levels. If RSI rises above 60, expect stronger momentum and a push towards the next resistance levels.

Given the consolidation near the pivot, the neutral RSI, and the consistent higher lows forming since the June dip, XRP price looks ready to test its upper boundary. The immediate resistance is at $2.23–$2.25, with a breakout target at $2.38–$2.50 zone. The failure point is at $2.00 support, which must hold to avoid a drop toward $1.80. Traders may look for a daily close above $2.25 with rising volume as confirmation for a bullish breakout. If volume remains weak, XRP may stay range-bound through early July.

Based on the technical setup, XRP price appears slightly bullish. If momentum builds, a move to $2.38–$2.50 in the next few weeks is realistic, implying a 12–15% upside from today’s price. However, keep an eye on the $2.00 support — a decisive close below this level could shift sentiment and drag XRP down to $1.80. For short-term traders, the setup favors cautious optimism. A breakout above $2.25 may justify a fresh long position, with a stop near $2.00 to manage downside risk. Long-term investors should watch for broader market sentiment and regulatory headlines, as XRP often reacts strongly to legal news related to Ripple Labs.

XRP’s daily chart shows an encouraging consolidation that could lead to a breakout. If the bulls defend $2.00 and push past $2.25 with volume, XRP could test the $2.50 mark in July.