XRP News Today: XRP Eyes 50% Gain as Bullish Trend Persists Despite Volatility

XRP has been experiencing a sideways movement in the market, with analysts closely monitoring the potential for a breakout or a deeper pullback. The recent price action shows a mild pullback, with XRP dropping below a key retracement level but finding support around $2.30. This level has been crucial in maintaining the token's value amidst broader market movements. If the price closes daily candles below $2.30 and fails to quickly reclaim it, the chances of further decline increase, with the next important support lying around $2.10 to $2.15.

Despite recent pullbacks, the broader trend for XRP remains bullish. The price continues to form higher highs and higher lows, indicating an uptrend. Immediate resistance sits at $2.44, while a more important resistance zone stretches from $2.55 to $2.62. Overcoming these levels would be crucial for bulls to regain control. If XRP continues to pull back towards $2.10–$2.15 and bounces from there, it could lay the groundwork for a massive inverse head and shoulders pattern on the daily chart. This pattern, if confirmed, could signal a major trend reversal and open doors to a powerful rally, potentially setting new all-time highs.

One scenario that some analysts are considering involves a five-wave decline structure already unfolding from the recent high. If this plays out, XRP could be working on a Wave 2 retracement now, before potentially heading lower again to test major support levels. Micro-resistance levels to watch in this scenario include the $2.35 to $2.44 range. A rejection here could keep downward pressure intact in the coming sessions.

XRP is drawing renewed investor interest as it trades above key technical levels and eyes a potential breakout to $2.64. The sentiment surrounding XRP has turned cautiously optimistic, despite lingering volatility and regulatory uncertainty. Whale accumulation and exchange reserve spikes create a mixed outlook for XRP. The price continues to hover near $2.44, supported by strong technical structures. Over the past week, large holders—commonly referred to as whales—have increased their exposure, signaling growing institutional interest and confidence in XRP value. However, a sharp increase in XRP exchange reserves, particularly on Binance, may indicate short-term risks. Rising reserves often precede selling pressure as traders move assets onto exchanges.

Despite short-term choppiness, XRP has held above several critical moving averages. The 50-day EMA at $2.30, the 100-day EMA at $2.26, and the 200-day EMA at $2.06 form a solid support base. XRP’s recent low at $2.33 also aligns with an ascending trendline that traders are watching closely. A stable move above $2.46 could signal a bullish breakout of the $2.64 resistance for XRP. If the price can break through immediate resistance at $2.48, the next upside targets become $2.55 and $2.64. Technical analyst Dark Defender suggests a potential surge to $3.33 in the near term, with longer-term projections extending to $5.85. However, a breakdown below $2.33 could expose XRP to pullbacks toward $2.28 or even $2.21.

Adding fuel to the bullish narrative, traders on the decentralized prediction platform have sharply increased their bets that XRP will revisit its all-time high of $3.3517. The odds jumped from 24% to 44% during May, reflecting rising optimism. Analyst Credible Crypto drew parallels between XRP’s current setup and Bitcoin’s recent parabolic rally, stating that the chop/consolidation we are seeing on $XRP in the $2 range is not a cause for concern—the longer we chop in this tight range the more explosive the next leg up will be. Momentum from the broader crypto market, including Bitcoin’s recent surge, appears to be trickling down to altcoins like XRP, which has gained 50% since April’s local low.

Ripple’s recent acquisition of Hidden Road has unlocked access to over $11 trillion in daily U.S. Treasury clearing markets through the FICC. Although XRP itself won’t be directly used for settlement—Ripple’s enterprise-focused stablecoin takes that role—the move significantly enhances Ripple’s institutional reach. This development also highlights the growing utility of the Ripple ledger, which underpins XRP’s broader use cases in payments and liquidity provisioning. Further credibility could be added if rumored talks between Ripple and Circle, the issuer of USD Coin, result in a merger. That would make Ripple the second-largest stablecoin provider after Tether, indirectly boosting XRP’s ecosystem influence.

Speculation remains over whether the U.S. Securities and Exchange Commission will approve spot XRP ETFs. The already-launched ETF has attracted $121 million despite a high expense ratio. XRP lawsuit news continues to cast a shadow. The ongoing lawsuit has not fully concluded, and lingering uncertainty over XRP’s regulatory classification still influences institutional participation. Nevertheless, Ripple CEO remains optimistic. “We’ve always been committed to regulatory clarity, and the momentum is clearly in our favor,” he said earlier this month during a media briefing. The XRP lawsuits, while unresolved, have not derailed investor sentiment. Ripple XRP news continues to center on adoption, partnerships, and ecosystem growth, underscoring the token’s resilience amid legal headwinds.

While XRP’s price remains below the critical $2.64 breakout zone, strong technical indicators, whale accumulation, and institutional developments present a supportive backdrop. If volume confirms a move above $2.48, bulls may gain the momentum needed to test new highs. Still, traders are advised to proceed with caution. A surge in exchange reserves and a rising RSI suggest potential near-term resistance or consolidation. But the long-term XRP price prediction remains bullish, with both fundamentals and sentiment pointing toward another attempt at the $3.35 all-time high—and possibly beyond.