XRP News Today: XRP's Coiled Spring: Breakout Imminent as Bulls Hold Fibonacci Line

XRP's price action has shown early signs of stabilization above critical Fibonacci retracement levels, sparking renewed interest among traders and analysts. After a prolonged correction in May 2025, XRP has rebounded over 7% from its local low of $2.06, retesting a descending resistance trendline on the 4-hour chart. This level aligns with the 38.2% Fibonacci retracement zone, a key juncture where bulls must defend to enable further upside. The price's ability to hold above $2.21, coupled with a breakout above a multi-session trendline, suggests growing momentum. Analysts note that a sustained move above $2.25–$2.27 could open the path toward $2.54, a level last seen in early May.

Technical indicators reinforce the bullish bias. The RSI on the 30-minute chart has surged from the mid-40s to 62.16, indicating strengthening demand without overbought conditions. The MACD histogram remains in green territory, with the signal line above the baseline, signaling sustained momentum. On the Ichimoku chart, XRP's price is holding above the Kumo cloud and the Tenkan-Sen, while the Chikou Span flipping above price traditionally signals a bullish crossover. These developments suggest that short-term traders are positioning for a potential rally as June 10 approaches.

Volatility compression on the 4-hour Bollinger Bands further underscores the likelihood of an imminent breakout. The upper band sits near $2.25, while the lower band rests at $2.17, narrowing the consolidation zone. A breakout above the upper band would confirm a continuation toward $2.35, whereas a drop below $2.17 could trigger a retest of the $2.06 support level. The weekly chart places immediate resistance at the 61.8% Fibonacci retracement near $2.74, with support remaining firm at the 0.5 level of $2.27 and the 38.2% zone at $2.06. Bulls have historically respected these levels, indicating healthy profit-taking and reaccumulation behavior post-March rally.

The broader market context also supports a bullish narrative. Ripple's legal victory in August 2025, which dismissed appeals from the SEC, has removed a key regulatory overhang, fostering institutional confidence. Additionally, speculation around potential XRP ETF approvals-fueled by BlackRock's partnership with Ripple-has intensified. These factors, combined with on-chain data showing reduced leverage ratios and net taker volume trending neutral, suggest a market cooling down ahead of a potential breakout. Whale activity has also increased, with large wallet accumulations observed around the $2.06–$2.10 zone, historically a springboard for rallies.

While short-term targets focus on $2.25–$2.27, longer-term projections hinge on the asset's ability to sustain momentum. If XRP clears $2.27, the next upside target could be $2.54, with a potential extension toward $2.74. Analysts caution, however, that failure to hold above $2.06 would signal renewed bearish pressure. The current market structure, characterized by a balance between consolidation and breakout potential, reflects a critical phase in XRP's cycle. With technical indicators aligned and institutional interest growing, the token's trajectory will depend on its ability to maintain key levels and capitalize on macroeconomic catalysts.

Source: [1] XRP (XRP) Price Prediction for June 10 2025 (https://coinedition.com/xrp-xrp-price-prediction-for-june-10-2025/)

[2] XRP (XRP) Price Prediction 2025, 2026-2030 (https://coincodex.com/crypto/ripple/price-prediction/)

[3] Top 3 Reasons XRP Price Will Skyrocket To $5 (https://www.thecoinrepublic.com/2025/09/06/top-3-reasons-xrp-price-will-skyrocket-to-5/)

[4] XRP Price Eyes $5 Breakout After Holding $3 Support Line (https://coinedition.com/xrp-price-eyes-5-breakout-after-holding-3-support-line/)

[5] XRP Elliott Wave Pattern Predicts Major Surge to $24–$110 (https://thecurrencyanalytics.com/altcoins/xrp-elliott-wave-pattern-predicts-major-surge-to-24-110-164947)

[6] XRP Price Targets $4 Surge as Bullish Wave Pattern Unfolds (https://blockonomi.com/xrp-price-targets-4-surge-as-bullish-wave-pattern-unfolds/)

[7] Is XRP Going to See Its Biggest Bull Run in October 2025? (https://www.analyticsinsight.net/xrp/why-xrp-might-see-its-biggest-bull-run-in-october-2025)

[8] Latest XRP News - (XRP) Future Outlook, Trends & Market Insights (https://coinmarketcap.com/cmc-ai/xrp/latest-updates/)

[9] Where Will XRP Be In 5 Years? Price Prediction and Analysis (https://www.forbes.com/sites/digital-assets/article/where-will-xrp-be-in-5-years/)