XRP News Today: XRP Price Hovers Near $2.20 as Key Resistance Levels Loom

XRP, the cryptocurrency associated with Ripple, has recently entered a critical phase, with its price oscillating between the 100-day and 200-day moving averages. This range is particularly significant as it has faced rejection at the 200-day moving average, indicating a potential turning point. The price now hovers near the lower boundary of this range, increasing the likelihood of a downside breakout and a potential corrective move.

Analysts have highlighted that the $2.25 level is a crucial resistance point. If XRP manages to surpass this threshold, it could trigger a backtest of the $2.25 level, reinforcing its importance as a critical level to monitor. The $2.40 resistance level is also under scrutiny, as a confirmed move above it could spark a sharp rally toward prior highs near $3.40. This potential breakout is seen as a significant event that could drive the price of XRP to new heights.

On the 4-hour timeframe, XRP had briefly broken out of a descending channel, hinting at a possible trend reversal. However, after facing rejection at the $2.3 resistance, which aligns with a previous swing high, the price retraced to retest the channel’s upper boundary. This level is now acting as support. Should XRP hold this level and complete the pullback successfully, a renewed surge toward the $2.3 resistance is likely. Conversely, a breakdown below this support would invalidate the breakout and open the door to another bearish move. The price action over the next few sessions will be pivotal in determining XRP’s short-term direction.

Ripple continues to trade within a long-term descending wedge, and based on the current price action, a breakout from this structure seems unlikely in the short term, suggesting prolonged consolidation may continue. The price of XRP has shown resilience in 2025, trading within a range of $2.00 to $2.60 and supported by the 200-day exponential moving average. On June 30, 2025, XRP was trading near $2.20, approaching a crucial resistance level at $2.25. This price milestone could determine the token's next major move. Analysts have described the $2.20–$2.30 zone as a high-confluence area where volume, trendlines, and whale activity intersect, making it a pivotal point for XRP's price trajectory.

The fundamentals of XRP are also changing, with institutional demand and Ripple's growing global adoption potentially leading to a bullish move soon. The United Nations Capital Development Fund has previously credited XRP for its fast, cost-efficient, and regulatory-compliant cross-border transaction capabilities, solidifying its relevance in global finance. Ripple’s prolonged court saga concluded in March when the SEC officially withdrew its lawsuit, following a pivotal 2023 ruling that XRP’s retail sales did not violate securities laws. This legal clarity set an industry-wide precedent, bolstering investor sentiment. Currently, XRP hovers near $2, with analysts eyeing resistance around $3. Should XRP surpass this threshold, a rise to $5 as an achievable target by year-end is predicted. Chart formations reveal a bullish flag between January and April, typically preceding major upward moves. Under exceptionally favorable regulatory developments, XRP could even aim for $7 or higher.