XRP News Today: XRP Eyes Bullish Breakout Above $2.30

XRP, the cryptocurrency, is currently at a critical juncture, with analysts closely monitoring a key price level that could signal a significant breakout. The most important price level to watch is a close above $2.30, which would confirm a bullish trend and potentially open the door to higher targets.

According to a well-known crypto analyst, EGRAG CRYPTO, XRP is exhibiting bullish technical patterns that suggest a potential rally. The analyst compares XRP’s current chart structure to the “Hypaspists,” elite tactical soldiers in Alexander the Great’s army, known for their agility and speed. This metaphor is used to illustrate XRP’s potential for a swift and precise upward move.

Despite recent price pullbacks, XRP has held a resilient posture, with specific chart patterns indicating that the token is building strength for a larger move. The analyst points to a Bull Flag pattern that remains valid even with a retracement to $1.35, suggesting a continued bullish cycle if critical support levels hold. Additionally, a Double Bottom formation signals a potential trend reversal from bearish to bullish, with support above the $2.07 level being crucial for bulls to maintain control.

A decisive close above $2.30 on the 3-day chart would serve as a key confirmation, potentially opening the path toward near-term targets of $2.65 and $3.00, and much higher long-term targets of $17 to $27 in a full-blown bull cycle.

On-chain data from Coinglass reveals a mixed sentiment, with XRP experiencing consistent net outflows from exchanges between mid-December 2024 and early June 2025, signaling persistent selling pressure. However, this trend has been punctuated by notable spikes in inflows, including a recent influx of $18.79 million on June 6. Historically, such spikes have preceded price rallies, suggesting that strategic accumulation may be occurring at current price levels, hinting at a potential reversal building beneath the surface.

Standard technical indicators support a cautiously optimistic view. XRP’s MACD shows a recent bullish crossover, though both the MACD and signal lines remain below zero, pointing to weakening bearish momentum and the potential for upward movement if strength continues. The RSI sits at 44.73, near the neutral zone, indicating consolidation without overbought pressure. Hence, a breakout remains on the table if momentum builds.

In summary, XRP holders should closely monitor the $2.30 price level, as a close above this mark could confirm a bullish breakout and set the stage for significant gains. The combination of bullish technical patterns and on-chain data suggesting whale accumulation adds to the optimism surrounding XRP’s potential rally. However, it is important to note that the cryptocurrency market is highly volatile, and investors should exercise caution and conduct their own research before making any investment decisions.