XRP News Today: XRP Fails to Break $2.50 Resistance Despite 50% Million SEC Settlement

XRP, the cryptocurrency associated with Ripple, has been in the spotlight as it failed to break the $2.50 resistance level on Saturday. This stall came despite a significant rally driven by Ripple's $50 million settlement with the U.S. Securities and Exchange Commission (SEC). The settlement had initially boosted XRP's price, but traders quickly took profits, leading to a consolidation below $2.50.

The XRP Fear and Greed Index hit 78, indicating strong bullish sentiment but also suggesting a risk of short-term profit-taking. This sentiment is further supported by the ongoing US-China trade talks, which could potentially fuel capital rotation into XRP and push it towards a $2.75 breakout. The diplomatic overtures between the U.S. and China, with trade envoys meeting in Geneva for tariff negotiations, have drawn investor attention. The talks follow months of economic escalation, with both countries imposing significant tariffs on each other's imports. Market participants are closely monitoring statements from Washington, as any softening of trade policies could positively impact global market sentiment and investor risk appetite.

Despite the underperformance compared to rival Layer-1 tokens like Ethereum and Cardano, XRP's trading volume remains elevated. This signals strong underlying demand and investor confidence, setting up a consolidation base for a potential breakout. The $2.50 mark remains a psychologically significant resistance level, which XRP has tested three times in the past month, each time retreating on increased sell pressure. However, positive sentiment from the SEC settlement and the potential for a softening stance on trade deals may trigger another leg-up in XRP's price in the coming sessions.

The XRP-specific Fear and Greed Index shows a current reading of 78, firmly in “Greed” territory. This marks a sharp uptick from the monthly timeframe low values of 49 just seven days ago. Key indicators like price impulse, social sentiment, and volume are all flashing “Extreme Greed.” This sentiment trend, coupled with geopolitical optimism and strong technical support at $2.25, could set the stage for XRP to challenge the $2.50 resistance once again. Should XRP price continue to consolidate above that threshold, the path to $3 becomes more realistic, especially if trade negotiations progress or capital rotation from Bitcoin accelerates.

XRP price is holding firm above $2.44, showing resilience after briefly touching an intraday high of $2.48. Despite a mild pullback on the daily close, the structure remains decisively bullish. XRP trades above the midline of the Keltner Channel at $2.24, which now acts as dynamic support, while the upper band at $2.45 remains within reach, hinting at latent upside pressure. The BBTrend oscillator has surged to 6.08, confirming a shift in directional strength that supports continuation rather than exhaustion. With XRP maintaining a strong posture above the 20-day mean, bulls are likely to test the psychological $2.50 barrier again, aiming next for $2.75. The breakout candle from May 9 remains intact, indicating follow-through is still in play. In the short-term, bearish risks may re-emerge if XRP price breaks below $2.24, invalidating the current channel breakout.

According to the analyst's forecast, XRP must close above these price levels to invalidate the bearish forecast. The analyst suggests that if XRP can sustain its price above $2.50, it could potentially invalidate the bearish sentiment and pave the way for further gains. This forecast is based on the current market conditions and the technical indicators that suggest a strong bullish sentiment. However, it is important to note that this is a forecast and not a guarantee of future price movements.