XRP News Today: XRP Consolidates Around $2 Amid Bullish Predictions

Market commentator X Finance Bull has sparked renewed enthusiasm in the XRP community with a bold statement: “They said XRP would never hit $2 again. Now it’s here. $10 will melt resistance. $100 will melt faces.” This declaration comes as XRP has been consolidating around the $2 mark for several weeks, leading investors to ponder whether a significant breakout is on the horizon and how far it could potentially go once momentum returns.

As of the latest reports, XRP is trading around $2.09, with fluctuations between $2.08 and $2.15. This stability is noteworthy, as XRP has maintained its position above $2 despite regulatory uncertainties and broader market volatility. This indicates underlying strength and growing investor confidence.

This consolidation follows recent legal developments. On June 26, Judge Analisa Torres denied Ripple and the SEC’s joint request to reduce Ripple’s penalty to $50 million and lift the permanent injunction against institutional XRP sales. Although the ruling temporarily shook market confidence, XRP quickly recovered, maintaining its tight range near $2. This suggests that market participants are more focused on fundamentals than on court proceedings.

Additionally, whale accumulation continues to be a significant factor. More than 2,850 wallets now hold over 1 million XRP, and futures open interest remains robust. These indicators reflect sustained institutional interest and a bullish long-term outlook.

The idea of XRP reaching $10 has often been considered speculative, but the path to this milestone is becoming clearer. Technical analysts point to strong support near $1.90 and resistance near $2.30–$2.70. A clean break above this resistance zone could trigger a sharp upward movement into the $3–$4 range, levels not seen since XRP’s 2018 peak.

Fundamentally, Ripple is gaining significant momentum. Institutional partnerships, such as the recent integration with Hidden Road, ongoing upgrades to the XRP Ledger, the launch of the RLUSD stablecoin, and the addition of CME-listed XRP futures all indicate broader utility and market maturity. These developments suggest that XRP is evolving beyond its remittance roots into a core liquidity and settlement asset for tokenized finance.

X Finance Bull’s statement that “$10 will melt resistance” captures this moment. Crossing that psychological barrier would likely mark a cascading breakout, fueled by renewed retail interest, short liquidations, and institutional FOMO.

While $100 may seem like wishful thinking, it is a projection rooted in possibility. If XRP becomes a global bridge asset for central bank digital currencies, real-world asset tokenization, and cross-border settlement rails, the upside potential becomes exponential. This would require regulatory clarity, mass-scale adoption, and deep integration into institutional infrastructure, but with Ripple continuing to push in those directions, the vision isn’t entirely implausible.

XRP’s prolonged consolidation around $2 is more than just market inertia; it’s pressure building. With technical setups pointing to an imminent move and fundamentals stronger than ever, the road to $10 may be closer than skeptics believe. If the momentum builds and the “switch” really flips, XRP could not only shatter resistance but it could redefine market expectations altogether.