XRP News Today: XRP Price Drops 5% Amid Bearish Signals and SEC Lawsuit Uncertainty

XRP, the flagship cryptocurrency of Ripple, has been experiencing a period of sideways movement, with its price fluctuating between $2.15 and $2.35 over the past week. This lack of momentum has left traders uncertain about the next direction of the price. Indicators such as the MACD show a flat trend, suggesting that neither buyers nor sellers have a clear advantage, which could result in the price continuing to move sideways for some time.

Analysts have identified key support and resistance levels for XRP. The support level is at $1.79, and if the price falls below this point, it could trigger more selling pressure and weaken the positive outlook for the coin. Conversely, the resistance level is at $2.34, and a break above this price would signal the start of a new rally. However, such a breakout is not expected unless there is a major market event, such as a decision from the U.S. Federal Reserve.

Casi Trades, an analyst, believes that XRP is at a crucial point where a significant move is expected soon. She suggests that the price will either break out strongly to the upside or dip sharply before bouncing back. This prediction is based on the timing, as mid-week movements often see a flip in sentiment, which could lead to a sharp fakeout that recovers by the end of the day, leaving most traders behind.

XRP has been facing selling pressure this week, dropping over 5% and struggling to hold its ground near the $2.15 level. A prominent analyst has forecasted a $15 price for XRP by late July, which has sparked both optimism and skepticism within the crypto community. This prediction has set the stage for a potential turning point in the ongoing XRP price story.

XRP's recent price action has been bearish, with the token plunging to $2.13 within 24 hours after peaking at $2.254. Technical indicators point to a persistent downtrend, with the $2.19–$2.20 resistance zone becoming a pivotal battleground between bulls and bears. The current support base appears to be forming near $2.147, while buyers are cautiously attempting to defend the $2.10–$2.14 liquidity zone.

The breakdown aligns with several bearish signals across multiple timeframes. On the 4-hour chart, XRP broke below the 20, 50, and 100 EMAs, with the 20 EMA acting as immediate resistance. The Parabolic SAR dots remain above price candles, confirming sustained downside momentum. The RSI value drops below 50, signaling a bearish momentum for XRP price on the daily timeframe chart. The Chande Momentum Oscillator (CMO) is deep in negative territory, while the Directional Movement Index (DMI) shows a rising ADX coupled with a dominant DI, reflecting strong bearish control. The Money Flow Index (MFI) stands at just 16.8, suggesting liquidity is draining out of the Ripple market. Still, traders have spotted a compression wedge forming above the $2.10 support level. If XRP holds this zone, a short-term bounce toward the $2.19–$2.21 range could materialize.

Despite the bearish signals, some analysts remain optimistic about XRP's long-term prospects. WatersAbove, a crypto analyst, has projected that XRP could soar to $15 by July 24, calling this potential surge the beginning of “XRP Summer.” His prediction is rooted in a multi-year fractal analysis, comparing XRP’s current structure to the consolidation phase that preceded its historic 2017 bull run. According to the analyst’s forecast, XRP may follow a two-stage surge, with $15 as a mid-year target and a possible peak as high as $26.33 before the next correction. This marks an upgrade from his earlier $10 target forecasted for August 2024, compressing the timeline to just five weeks.

Reactions to the $15 XRP price prediction have been mixed. While some traders celebrated the forecast as long-overdue validation of Ripple’s growth, others were quick to express doubt. Some traders argued that the technical structure doesn’t support such a move, while others questioned the analyst’s motive, wondering if the call was meant to stir engagement more than signal market realism. However, not everyone is dismissive. Analyst Michael XBT backed the idea of a second breakout leg, reminding followers that he had accurately predicted XRP’s exit from a seven-year bull pennant in July 2024. However, he chose not to attach a specific price target to his current outlook.

The ongoing XRP SEC lawsuit continues to shape market sentiment. Although Ripple secured a partial legal win in 2024, the SEC Ripple dispute remains unresolved in full. Ongoing court actions, including motions related to injunction dissolutions and possible penalties, keep regulatory uncertainty in play. Lawyer Bill Morgan states that if Ripple and the SEC secure the indicative ruling, the XRP lawsuit could conclude within weeks. Brad Garlinghouse, Ripple’s CEO, has recently reiterated his confidence in Ripple’s legal position and hinted at long-term collaboration with institutions like the Bank of America. But until a final XRP lawsuit update arrives, the cloud of regulatory ambiguity may limit near-term upside for the Ripple exchange token.

The current XRP price pattern tells a story of conflicting forces—bearish technicals pressing down, while long-term optimism continues to build. Though short-term indicators suggest pressure below the $2.20 resistance zone, a growing number of analysts believe the foundation for a broader breakout is slowly taking shape. If XRP can stay above the crucial $2.10 support and push past the mid-range resistance at $2.19, a climb toward the $2.25–$2.28 range could follow. But if buyers lose control, a dip to the psychological $2.00 level might be next. With the XRP lawsuit still unresolved and global market conditions shifting, the Ripple currency price remains highly responsive to both regulatory headlines and investor mood. Whether or not XRP hits the bold $15 price prediction by July 24, one thing is clear: the weeks ahead could mark a turning point in Ripple’s 2025 story.