XRP News Today: XRP Faces Critical Test at $2.30, Breakout Potential Awaits

Market strategist Dom (@traderview2) has highlighted a critical technical level for XRP, suggesting that a decisive move above this level could trigger a significant breakout. According to Dom's analysis on a six-hour TradingView chart, the Binance XRP/USDT pair reached a peak of $2.48-2.50 overnight before encountering resistance at the volume-weighted average price (VWAP) anchored to the 2018 all-time high. This VWAP, plotted in green, has capped every significant rally attempt since late January, resulting in immediate, high-velocity rejections on four separate occasions.

Ask Aime: What's the next move for XRP?

The latest rally attempt saw a brief spike to $2.4082, with the price settling at $2.3644, leaving a clear upper wick just beneath the VWAP. Dom described this reaction as expected due to the pair's clean technical memory. However, he noted that the market has reclaimed a critical intermediate pivot: the quarterly VWAP at roughly $2.30. This level is currently being back-tested intraday, and a successful hold there would wedge the price between converging support at $2.30 and resistance at the ATH VWAP near $2.48-2.50. A decisive close above the latter would, in Dom’s words, “open the sky for a larger breakout” by removing the final barrier that has contained XRP since its early-January high near $3.50.

Order-flow data supports the bullish case. Dom has been tracking aggregated net flows by trade size and finds that tickets of 10,000–50,000 XRP and 50,000+ XRP have flipped firmly positive over the past three days, while smaller clips (100–1,000 and 1,000–10,000 XRP) have turned net-negative. This suggests that larger investors are accumulating XRP, while smaller investors are selling. The dataset cannot distinguish between retail and institutional wallets but very unlikely points to exchange internalization.

Broader market context also supports the sense of a maturing impulse. A heat-map of perpetual-swap annualized funding rates for twenty-seven large-capitalization altcoins from November through May highlights two periods – late November to 9 December and the first weeks of May. The December cluster coincided with the “top of alts,” and the current cluster represents the most intense speculative pressure since that episode. This suggests that the current rally in altcoins is driven by strong speculative pressure, similar to the rally in late November and early December.

Against this backdrop, the immediate technical roadmap remains binary. XRP must first defend the $2.30 quarterly VWAP, a level that has switched from resistance to support within the last forty-eight hours. Hold that shelf and traders will continue to probe the ATH VWAP ceiling. Lose it, and the path of least resistance swings back toward the mid-$2.00s congestion that defined most of April. However, should bulls finally force acceptance above the descending VWAP – a feat they have not achieved once this year – the analyst sees little in the way of overhead supply until the mid-$2.70s, the lower boundary of the late-January distribution block. As Dom concludes, “Acceptance above ATH VWAP opens the sky for a larger breakout.”

At the time of reporting, XRP was trading at $2.46.