XRP News Today: XRP Drops 0.68% Amid Bearish Weekly Trend

XRP, the cryptocurrency associated with Ripple, is currently trading at approximately $2.17 on July 2, 2025. The rate of XRP has declined by 0.68% over the last day. On the hourly chart, the price of XRP is going down after a false breakout of the local resistance of $2.1976. If the fall continues, traders may witness a test of the $2.16 zone by tomorrow. On the longer time frame, the rate of XRP is within yesterday's daily candle. As the price is far from main levels, one should focus on the interim zone of $2.16. If it breaks out, one may witness an ongoing correction to the $2.10-$2.15 range. From the midterm point of view, the current weekly bar is rather bearish. If the closure happens with a long wick, there are low chances to see a bounce back over the next few weeks.

Technical analysis suggests that XRP is forming a contracting triangle structure, with resistance near $2.25 and support from the $2.03 pivot low. This pattern indicates a potential breakout, as the price is wedging into the apex of the structure. The Supertrend indicator shows XRP under a red sell band, with a trend flip zone near $2.31, which is a key upside hurdle. However, the Parabolic SAR has flipped below the price on the daily chart, suggesting short-term bullish pressure is building. The price dynamics of XRP also reveal multiple Smart Money Concepts (SMC) levels between $2.05 and $2.25, with XRP reclaiming minor support levels. Despite low volatility, intraday indicators suggest that bulls are gradually regaining strength after defending the critical $2.10 support level. This consolidation channel just below the $2.20 zone indicates a tight range, but the overall sentiment remains bullish.

A well-known software engineer has predicted that XRP could reach $30–$50, emphasizing conviction over timing. This prediction has sparked debate within the crypto community, highlighting the potential for significant price movements. Additionally, XRP is entering July with renewed strength, fueled by legal clarity, ecosystem upgrades, and growing optimism around a potential exchange-traded fund (ETF). These factors contribute to the bullish outlook for XRP, as investors anticipate a surge in price. Analysts are eyeing a potential rally toward $3.04, with strong RSI and macro support at $2.25. This prediction suggests that XRP could enter "blue skies," indicating a substantial price increase. The current price of XRP, around $2.19, is well below its 2021 peak of $3.84, making the hurdle to a fivefold move more achievable. The potential for a breakout is further supported by the formation of a W pattern, which could lead XRP to $40, with the first target being $15, marking a 578% increase from the current price.

The averaged price forecast for XRP at the end of July is $3.8217, with a change of 2.4% for July. This forecast indicates a bullish trend, with the price expected to continue rising throughout the month. The overall sentiment remains positive, with investors and analysts alike predicting a surge in XRP's price. The combination of technical analysis, market sentiment, and potential catalysts such as an ETF and ecosystem upgrades contribute to the bullish outlook for XRP.