XRP News Today: XRP Price Holds Above $2.25 Amid Bullish Predictions

XRP, the cryptocurrency associated with Ripple, has been garnering significant attention recently as price predictions become more bullish despite a recent market pullback. The current price of XRP is hovering around $2.28, just above a key support level at $2.25. This level has historically acted as a bounce zone, and analysts are closely monitoring it for potential bullish movements.

Analysts and crypto traders are optimistic about XRP's future, with many predicting a rebound toward the $2.80–$3.00 range in the coming weeks. If XRP manages to break above the psychological resistance at $2.30, a rally toward the $3 mark becomes increasingly likely. This presents an attractive risk-reward setup for traders who believe in XRP’s long-term fundamentals and short-term recovery.

Beyond the technical analysis, Ripple’s expanding partnerships and use cases, particularly in the cross-border payment sector, continue to drive demand for XRP. Ripple’s collaborations with financial institutions across various regions support the ongoing demand for XRP as a bridge currency. Recent reports also indicate that Ripple is strengthening its presence in institutional finance, which could fuel a sustained increase in XRP’s price over time. This makes the current low-$2 range an attractive entry point for investors.

Institutional attention is returning to XRP as the Relative Strength Index (RSI) dips toward oversold territory. Currently, XRP’s RSI is around 33.51 on the 2-hour chart, signaling that the asset is nearing a technical bounce zone. Traders looking for short-term gains are closely watching this level, with many positioning for a move back above the 50-day SMA near $2.37. As XRP price consolidates, low RSI readings offer an early signal that a bounce may be imminent.

According to the latest XRPUSD chart (2-hour timeframe), XRP price is sitting at $2.28867, testing a critical support level around $2.25. This zone has previously acted as a springboard for bullish reversals. The 50-period SMA stands at $2.37380, which is the first resistance target for any potential bounce. The RSI (14) is at 33.51, just above the oversold threshold of 30, suggesting that bearish momentum is slowing, and a reversal may be brewing. Volume is tapering off, which could indicate that sellers are exhausting and bulls are waiting to step in.

If XRP price holds above $2.25 and breaks above the 50 SMA, a bullish move toward $2.50 and eventually $2.80–$3.00 is expected, aligning with leading XRP price predictions. This analysis underscores the potential for XRP to rebound and presents a compelling case for investors considering buying XRP today.