XRP News Today: XRP Faces 5% Dip Amid Legal Uncertainty and Bullish Predictions

XRP, the native cryptocurrency of Ripple, has been the subject of intense speculation and analysis, with some experts predicting a significant price surge in the near future. According to a long-term analysis by popular analyst Egrag Crypto, XRP could be on the brink of a massive breakout, potentially entering what he refers to as the “KABOOM Phase.” This phase is characterized by a dramatic price increase, with targets as high as $27 and $38, far surpassing the current price of around $2.

Egrag Crypto's analysis is based on the RGB Arch model, which uses red, green, and blue curved trend lines to capture the historical price movements of XRP. According to this model, XRP has followed a similar pattern in both 2013 and 2018, with price movements upward in waves, followed by consolidation and a dramatic explosion. Egrag believes that the same pattern is setting up again in 2025, with XRP currently in a consolidation phase just below the upper green arc.

Egrag points out that in 2017, it took just six monthly candles for XRP to finish consolidating before launching into a parabolic run. This time, XRP has already spent seven candles in consolidation, forming a triangle just below the upper green arc. The price is currently hovering at $2.17, and Egrag believes that the seventh candle is the final preparation before XRP enters its most explosive move yet. He predicts that after this final candle, XRP could enter the “KABOOM Phase,” with price targets reaching as high as $27 and $38.

These price targets are not random guesses but are based on XRP's historical behavior within the same curved structure. Both the 2013 and 2018 rallies ended around the upper blue boundary, and if momentum mirrors past cycles, Egrag's forecast could be more than just speculation. July 1, 2025, has been identified as a key date where the current triangle formation should resolve, with an explosive move likely either way.

Despite the bearish technical indicators and short-term price dips, some analysts remain optimistic about XRP's long-term prospects. WatersAbove, another prominent analyst, has forecasted that XRP could reach $15 by late July, citing a multi-year fractal analysis that compares the current market structure to the consolidation phase preceding XRP's historic 2017 bull run. This prediction has sparked both optimism and skepticism within the crypto community, with some traders celebrating the forecast as validation of Ripple's growth, while others express doubt, arguing that the technical structure does not support such a move.

The current price action of XRP paints a bearish short-term picture, with the token recently experiencing a 5% dip, dropping below key support levels. Technical indicators point to a persistent downtrend, with the $2.19–$2.20 resistance zone becoming a pivotal battleground between bulls and bears. However, traders have spotted a compression wedge forming above the $2.10 support level, which could lead to a short-term bounce toward the $2.19–$2.21 range if XRP holds this zone.

The XRP lawsuit continues to shape market sentiment, with ongoing court actions and regulatory uncertainty keeping the cloud of ambiguity in play. Despite a partial legal win in 2024, the SEC Ripple dispute remains unresolved in full, and until a final XRP lawsuit update arrives, the near-term upside for the Ripple exchange token may be limited. Brad Garlinghouse, Ripple’s CEO, has reiterated his confidence in Ripple’s legal position and hinted at long-term collaboration with institutions, but the regulatory uncertainty may continue to cast a shadow over investor sentiment.

With the XRP lawsuit still unresolved and global market conditions shifting, the Ripple currency price remains highly responsive to both regulatory headlines and investor mood. Whether or not XRP hits the bold $15 price prediction by July 24, the weeks ahead could mark a turning point in Ripple’s 2025 story. The current XRP price pattern tells a story of conflicting forces—bearish technicals pressing down, while long-term optimism continues to build. If XRP can stay above the crucial $2.10 support and push past the mid-range resistance at $2.19, a climb toward the $2.25–$2.28 range could follow. But if buyers lose control, a dip to the psychological $2.00 level might be next.