XRP News Today: XRP Dips 2.45% But Analysts See Bullish Wave 5 Start

XRP, the cryptocurrency associated with Ripple, has shown renewed technical alignment, trading at $2.24 after a 2.45% dip in the past 24 hours. Market analyst Dark Defender shared that XRP’s recent activity confirms confluence with Fibonacci retracement levels. The asset bounced exactly at $2.222 on June 12, a level previously projected in Wave 3’s correction phase. This bounce marks the likely start of Wave 5 on the monthly timeframe, which typically carries a strong bullish impulse. This projection builds on the technical credibility of combining Elliott Wave theory with Fibonacci metrics.

Charts from June 8 and 10 showed the development of Elliott Wave structures, including a “Coffee Cup Line” that signaled a bullish impulse. On June 10, Wave 3 completed, followed by a classic ABC corrective move. Technical analyst Lingrid pointed to XRP’s breakout from a descending triangle as a pivotal event. Following this move, the price surged toward $2.27 before pulling back to retest support. The zone between $2.20 and $2.25 is now viewed as a key demand area, with potential to act as a springboard. Analysts suggest that a clean defense of this range may lead to renewed upward momentum. Chart history supports this setup, with previous triangle breakouts often leading to sustained rallies. The current price movement is consistent with those patterns. The analysis projects a target zone between $2.60 and $2.70, assuming buyers defend the $2.222–$2.25 range effectively.

Ripple projects XRP to capture a significant cross-border liquidity share. Ripple CEO Brad Garlinghouse told attendees at the XRP APEX 2025 event that XRP could handle 14% of SWIFT’s transaction volume within five years. Brad stated that Ripple is not aiming to replace SWIFT’s messaging system but to focus on solving liquidity challenges. “Liquidity is owned by banks. Driving that is key,” Garlinghouse explained. He outlined Ripple’s strategy as facilitating liquidity movement across borders rather than replicating financial messaging infrastructure. Ripple’s Chief Legal Officer added that the rise of tokenized assets could soon represent hundreds of billions in value. This positions XRP as a foundational tool for future digital finance systems.