XRP News Today: XRP Holds Above $2.20 Despite 1% Retreat, Bullish Outlook Persists

XRP, the cryptocurrency developed by Ripple Labs, has shown remarkable resilience, maintaining its price above the $2.20 mark despite a slight retreat of just over 1% in the past day. This minor correction has not deterred buyers, who continue to defend the price structure, indicating a firm stance in the market. The token's recent price action has been marked by a move above the $2.250 level, with a high formed at $2.310. However, the price is now correcting some gains, with a move below the 23.6% Fib retracement level of the upward move from the $2.148 swing low to the $2.310 high. The price might face resistance near the $2.2720 level, with the first major resistance near the $2.30 level. The next resistance is $2.320, and a clear move above this level might send the price toward the $2.350 resistance. Any more gains might send the price toward the $2.40 resistance or even $2.420 in the near term. The next major hurdle for the bulls might be $2.50.

If XRP fails to clear the $2.30 resistance zone, it could start another decline. Initial support on the downside is near the $2.2250 level and the trend line. The next major support is near the $2.20 level or the 61.8% Fib retracement level of the upward move from the $2.148 swing low to the $2.310 high. If there is a downside break and a close below the $2.20 level, the price might continue to decline toward the $2.150 support. The next major support sits near the $2.120 zone.

Technical indicators such as the hourly MACD for XRP/USD are now gaining pace in the bearish zone, while the hourly RSI (Relative Strength Index) for XRP/USD is now below the 50 level. Major support levels to watch are $2.2250 and $2.20, while major resistance levels are $2.30 and $2.320. Analysts have identified a "falling wedge" pattern on XRP's price charts, which is typically a precursor to a significant price breakout. Key resistance levels to watch are $2.30, $2.90, and $3.60. Conversely, if XRP fails to maintain the $2.20 support level, it could drop to $2.00 or lower before attempting another rally. The Relative Strength Index (RSI) indicates that XRP is not overbought, leaving room for further growth.

On-chain data reveals that whale accounts, or large holders, continue to accumulate and hold XRP, while short-term holders are also increasing their positions. This behavior suggests a bullish outlook among investors. However, the number of new wallets being created remains stable, indicating that the current interest is primarily from existing users rather than new adopters.

Global financial conditions are also influencing XRP's price direction. The weakening US dollar and speculation around potential interest rate cuts by the US Federal Reserve create a favorable environment for cryptocurrencies. Additionally, the growing talk of an XRP-focused exchange-traded fund (ETF) could attract more institutional investment, further boosting XRP's value.

Ripple Labs, the company behind XRP, is nearing a legal settlement with the U.S. Securities and Exchange Commission (SEC). The withdrawal of Ripple's cross-appeal signals that both parties may be close to resolving the long-standing legal battle. A favorable outcome could provide much-needed legal clarity, paving the way for wider adoption and listing of XRP on US-based exchanges. This legal development is a significant factor contributing to the rising investor confidence in XRP.

Ripple is also expanding its services and ecosystem. The company has applied for a federal trust charter in the US, which could enable it to offer more banking services and increase the use of XRP in global finance. The XRP Ledger now supports smart contracts through a sidechain compatible with Ethereum, allowing developers to build applications on XRP's network. This technological upgrade could enhance the coin's utility and demand. Ripple has also been managing the XRP supply carefully, recently releasing 500 million XRP from escrow and locking 400 million back to avoid market flooding.

Analysts' predictions for XRP in July 2025 vary based on their optimism levels. Conservative estimates suggest that XRP could reach between $2.70 and $3.50 if it continues its slow climb and breaks key resistance levels. Moderate to bullish predictions indicate that prices might rise to $4.00 or even $6.50 with legal clarity and growing institutional interest. Aggressive bullish outlooks propose that XRP could hit $8.00 or more if major events, such as ETF approval or a strong wave of adoption, occur quickly. However, bearish scenarios warn that if XRP is rejected at key price levels or faces negative legal news, prices could fall back to $2.00–$2.25 before another rally attempt.

In summary, XRP is at a pivotal point in July 2025, with several factors driving its potential upward trend. These include a possible technical breakout, growing institutional support, legal clarity, and new technological upgrades. However, the usual risks associated with cryptocurrencies, such as market volatility and regulatory uncertainties, remain. If XRP can maintain its key support levels and break through resistance zones, it could initiate a new upward trend. Otherwise, it may continue to trade within the $2–$2.30 range before making another attempt.