XRP News Today: XRP Price Shows 10% Surge Potential After Key Support Holds

XRP price is showing early signs of a potential trend reversal after a recent pullback. Both the daily and hourly charts suggest that a bounce may be brewing, possibly a strong one. On the daily chart, XRP is currently trading at around $2.11, following a significant drop from the mid-May high near $2.70. This correction sliced through key moving averages, with the price now hovering around the SMA-50 and SMA-100. The SMA-200 is still trending higher at $2.33, suggesting longer-term strength remains intact.

The support zone between $2.00 and $2.05 has held firm multiple times in the past week, forming a potential short-term double bottom. The Heikin Ashi candles are showing smaller bodies and longer lower wicks, typically an early sign of selling exhaustion. Additionally, the price is currently testing the lower band of the MA Ribbon, which could act as a springboard.

The hourly chart provides a sharper look at the market dynamics. XRP price dropped sharply toward the $2.00 level but quickly bounced and reclaimed $2.13, now pushing against the short-term resistance at $2.135. XRP formed a bullish divergence—price made a lower low while RSI likely made a higher low based on candle behavior. The rebound has taken the price back above the SMA-20 ($2.13) and SMA-50 ($2.18). If it breaks above the SMA-100 ($2.19) convincingly, the short-term downtrend could be invalidated.

A basic retracement calculation suggests that the fall from $2.71 to $2.00 is a move of $0.71. A typical Fibonacci 0.5 retracement suggests a recovery target of $2.355. So, the $2.35 zone becomes a logical target if the current rally sustains. A stronger push could take it to the 0.618 level at $2.44.

One might argue this is a relief rally or “dead cat bounce,” but the context matters. XRP price has a strong long-term uptrend structure, and this dip appears corrective rather than a trend reversal. Volume on the drop was not disproportionately high, and XRP is consolidating near the ascending trendline support visible since late April. Moreover, the price has remained above the key psychological level of $2.00, with no confirmed breakdown. As long as it holds this floor, XRP’s medium-term bullish case is alive.

If XRP price can reclaim $2.20 and close a daily candle above $2.25, we could see a strong rally toward $2.35 and then $2.44. On the flip side, if $2.00 breaks, the next support lies at $1.85 and deeper at $1.60—which would be an ugly 25% drop from current levels. Given the sharp bounce on the hourly and the consolidation seen on the daily, a short-term bullish breakout is more likely—especially if Bitcoin continues to remain stable or bullish.

All eyes should be on the $2.20–$2.25 resistance zone in the next 24–48 hours. A breakout here will confirm the rally signal. With technical indicators showing oversold recovery and key supports holding, this could be XRP’s next leg up—a potential 10–15% surge from current levels. For now, the bulls have a fighting chance—and you don’t want to miss this rally signal.