XRP News Today: XRP Holds Above $2.25 as Bullish Momentum Builds Amid SEC Lawsuit

XRP, the cryptocurrency associated with Ripple, is currently at a pivotal point in its price trajectory. On the daily time frame, XRP is holding firm above critical support levels between $2.05 and $2.10, while facing resistance between $2.35 and $2.36. This price action has sparked optimism among investors, who are closely monitoring key technical indicators and market developments.

The current price of XRP is around $2.29, with a bullish double bottom pattern forming, which is often a precursor to upward breakouts. This pattern, combined with rising momentum in the broader Ripple market, suggests that bulls are gradually regaining control. The recent bounce off the $2.00–$2.10 support levels continues to act as a strong foundational base, and the formation of a “W” pattern may propel Ripple price action toward the $2.44–$2.50 range if confirmed.

However, XRP has encountered persistent selling pressure around the $2.3278 level, which aligns with a descending trendline on the 4-hour chart. Technical data indicates that the 30-minute RSI has cooled to 44.55, indicating a slowdown in bullish momentum, while the MACD signal line is beginning to slope downward, pointing to short-term consolidation. Despite this, XRP remains supported above its 20/50 EMA clusters, with $2.25 acting as a crucial pivot.

From a medium-term perspective, the outlook remains cautiously optimistic. The current price range between $2.2493 and $2.2890 sits atop a liquidity-rich support zone, reinforced by both horizontal and EMA-based dynamic support. A clean break above $2.3278 could clear the path toward $2.44, and potentially retest the broader resistance near $2.52—corresponding with the 0.382 Fibonacci retracement level on the weekly chart.

Looking beyond the short-term chart patterns, market observers remain bullish on Ripple XRP for 2025. XRP is believed to be in the fifth wave of an Elliott Wave cycle that began after the market’s spring correction. If this wave plays out fully, analysts project a rally toward the $5.00 level in the coming months. However, this outlook hinges on XRP maintaining its bullish structure above April’s lows. A breakdown below $2.00 would cast doubt on the current rally and may send the XRP value spiraling back to the $1.80–$1.95 zone, where historical support lies.

The ongoing XRP lawsuit with the U.S. Securities and Exchange Commission (SEC) continues to create an undercurrent of uncertainty. Yet, positive developments around the Ripple lawsuit—including regulatory clarity expected under the Trump administration—have helped ease some investor concerns. Ripple CEO Brad Garlinghouse has consistently voiced confidence in a favorable resolution, and speculation about collaborations such as Ripple Bank of America partnerships also feeds long-term bullish sentiment.

Meanwhile, XRP SEC lawsuits have yet to deliver a final verdict, but partial legal victories over the past year have already unlocked new possibilities for Ripple’s expansion, particularly on U.S. soil. Regulatory outcomes remain a wild card in Ripple crypto markets, but the fundamental strength of the Ripple ledger and rising demand on Ripple exchange platforms offer support.

As of June 10, XRP’s market structure remains in a delicate balance. The presence of a double bottom, robust support near $2.25, and improving technical indicators are pointing to an impending move. A decisive close above $2.32 would likely trigger strong bullish momentum and put the $2.44–$2.52 zone within reach. For traders and investors alike, the coming 24–48 hours may prove pivotal. While XRP awaits confirmation of its breakout, the broader sentiment is shifting toward cautious optimism—buoyed by both technical patterns and favorable Ripple news developments. If the bullish setup holds and XRP price can reclaim higher resistance levels, the stage may be set for a longer-term rally that could eventually test the psychological $5.00 barrier. Until then, the battle between bulls and bears continues at a critical juncture.