XRP News Today: XRP Price Climbs 1.93% Approaching $2.30 Resistance

XRP price has returned to familiar territory after a brief dip over the weekend, moving sideways for most of June between $2.00 and $2.30. The token's recent performance has sparked interest among traders, who are now considering the possibility of a breakout. The drop below $1.90 was short-lived, as buyers quickly stepped in to push the price back above $2.00, where it has been climbing steadily since. As of today, XRP is trading around $2.20, approaching a key resistance level.

Yesterday's prediction suggested that if XRP could break above $2.15, it might head toward $2.30. This scenario played out as expected, with the price rallying higher after clearing $2.15 and pushing into the upper part of its range. The prediction also noted that dropping below $1.88 could lead to more selling, but this scenario was quickly erased after the strong bounce. XRP price has since held steady between $2.00 and $2.30, as predicted.

XRP's daily overview for June 25 shows a current price of $2.20, with a 24-hour change of +1.93%. The Relative Strength Index (RSI) stands at 64.05, indicating positive momentum without being overbought. Volume is moderate and upward ticking, suggesting growing interest in the token. The $2.00 level acted as solid support during the weekend dip, and buyers came in strong. Now, the token is making another run at the $2.30 resistance, which has been a tough barrier this month.

The XRP chart pattern on the daily chart resembles a textbook Wyckoff “spring” setup. XRP briefly dipped below support, then popped back into the range with strength. The long lower wick followed by green candles shows that buyers quickly took control. If XRP price manages to break above $2.30 with strong volume, it could push up toward $2.50 pretty quickly. However, if it struggles to break through again, there’s a good chance it’ll just keep bouncing around between $2.00 and $2.30 for a bit longer.

Technical indicators on the daily timeframe are all aligned in the buy zone. The Moving Average Convergence Divergence (MACD) shows a bullish crossover with upward momentum. The Average Directional Index (ADX) indicates strong trend strength, supporting the bullish trend. The Commodity Channel Index (CCI) is bullish, with the price well above average. The Relative Strength Index (RSI) shows positive momentum, and the Rate of Change (ROC) indicates that the price is gaining speed. The Bull/Bear Power index shows a bullish bias, with buyers leading the market.

In the bullish scenario, if XRP can close the day above $2.30 with solid volume behind it, that could clear the way for a move to $2.50 and maybe even higher after that. In the neutral scenario, if the price stays between $2.00 and $2.30, XRP price is likely to continue consolidating inside this range, awaiting a catalyst. In the bearish scenario, if XRP drops below $2.00, that could spark some selling, with the price possibly sliding down to $1.85 or even $1.75.

XRP price has bounced back from last week’s drop and is now testing a key level. With momentum building and every indicator on the bullish side, it’s a “wait and see” moment. All eyes are on the $2.30 zone. If XRP clears it with conviction, the next leg higher might not be far off. But until then, we’re likely still in range-bound territory.