XRP News Today: XRP Approaches Key Resistance Zone Amid Bullish Sentiment

XRP, a prominent cryptocurrency, has recently shown signs of a modest increase, but according to crypto analyst XRPunkie, the real surge is yet to come. In a recent post, XRPunkie highlighted the $2.70 to $2.90 range as a critical resistance zone that could determine the future trajectory of XRP. He expressed optimism that clearing this level could mark a full reversal in trend and open the door to new all-time highs (ATH).

Currently trading around $2.44, XRP is approaching a significant resistance level that has historically acted as a barrier to higher moves. Market analysts view the $2.70 to $2.90 range as a make-or-break zone. A successful breakout above this region could trigger a wave of bullish momentum, possibly propelling XRP toward its previous ATH and beyond. Technically, XRP is forming a tightening wedge pattern, often a precursor to sharp movements. The 21-week exponential moving average (EMA), now acting as support around $2.30, reinforces the bullish setup. Traders are closely watching for a daily or weekly candle close above $2.70 to confirm the breakout.

Several factors are aligning in favor of XRP. Chief among them is the imminent conclusion of Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC), which has provided a degree of regulatory clarity that few other altcoins currently enjoy. Additionally, speculation around a spot XRP ETF, coupled with the inclusion of XRP in discussions around U.S. digital reserve frameworks, has fueled investor optimism. Sentiment on social media is notably bullish, with “XRP Summer” becoming a rallying cry among holders. Many believe that legal clarity and strong institutional interest could act as catalysts for an explosive price movement over the next few weeks.

Price projections vary widely. Some analysts maintain a conservative outlook, expecting XRP to reach between $3.00 and $3.50 if it breaks resistance. Others, like EGRAG Crypto, foresee an extended rally to $9.50 or even as high as $15, contingent on favorable market conditions and strong technical confirmation. Meanwhile, Bitget analysts have projected XRP could reach $5 by the end of 2025, still a significant gain, though more restrained than the double-digit targets envisioned by XRPunkie.

Despite the bullish narrative, risks are ever-present. A failure to break above $2.90 could trigger a retracement toward the $2.10–$2.30 support zone. Regulatory delays, ETF rejections, or broader market downturns could also weaken momentum. XRPunkie’s bold call captures the current enthusiasm surrounding XRP. With a strong technical setup and promising fundamental drivers, July and August could indeed be pivotal months. However, all eyes remain on the $2.70–$2.90 range. If XRP clears it with conviction, the path to $10 or even $15 might not be far-fetched. Until then, caution and patience remain essential.