XRP News Today: XRP Gains 0.64% as Bullish Pennant Formation Persists

XRP, the cryptocurrency, is currently trading within a bullish pennant formation, with well-established support and resistance levels at $1.71 and $2.40, respectively. The price is currently above the 21-week moving average, indicating a growing structural integrity. On June 26, 2025, XRP traded at $2.19, marking a 0.64% intraday gain. The asset remains within a bullish pennant formation on the weekly chart, with price compression persisting for several weeks.

Market participants are closely monitoring this consolidation phase, as the pattern maintains alignment with established technical levels. The pennant remains intact as of the latest candle close. The current price of $2.19 places XRP above the yellow 21-week moving average but still below the upper triangle resistance. Price behavior remains within the defined pennant, and no violation of this formation has occurred.

Despite a slight dip in 24-hour trading volume, XRP has held its relative strength. The ratio of volume to market capitalization stands at 2.01%, reflecting consistent market activity. The full diluted valuation is reported at $219.22 billion, with the total supply set at 99.98 billion XRP. The data suggests that market interest persists, though not accompanied by major volatility. The pennant pattern’s apex nears, suggesting the market may be positioning ahead of a directional decision.

According to the chart analysis, XRP’s bullish pennant structure is anchored by strong trendlines. The lower bound of the formation sits at approximately $1.71, which continues to act as weekly support. The upper range of the pennant appears to be facing compression, indicating that a breakout—if it occurs—may soon test the next marked resistance near $2.40. The uptrend trendline established midway through 2024 continues to hold up the broader shape. As an aside, the price has not returned to visit the 200-week moving average, which is considerably lower at lower-of-historic levels. As XRP holds its position within the pennant, all levels remain technically respected.

The weekly time frame chart shows a consistent structure since the pattern emerged, supported by higher lows and capped by declining highs. The current setup aligns with the pattern’s timeline, which converges around the June 30–July 1 period.