XRP News Today: XRP Rebounds 5% From Key Support Level, Eyes $2.25 Resistance

XRP has shown strong bullish momentum after rebounding from a key support level, indicating an ongoing breakout. Technical analyst Casitrades noted that Friday’s rebound from $2.07 was not accidental but a result of multiple technical confluences aligning to mark the end of a corrective phase.

At the time of writing, XRP is trading around $2.17, with the market focusing on the crucial $2.25 resistance level, which could determine the next leg of the rally. On June 28, XRP dipped to $2.07, a level identified by Casitrades as a golden confluence zone. This zone combined the 0.618 Fibonacci retracement, the 1:1 extension of wave C, and the 0.618 extension of subwave 5. These overlapping signals are often seen as strong indicators of trend reversals in technical analysis. XRP’s sharp bounce from this zone confirmed the bottom of the correction, suggesting that wave 2 has ended and wave 3 is now underway.

Since then, XRP has steadily gained upward momentum, approaching $2.25, a macro resistance level that coincides with the 0.382 Fibonacci retracement. A breakout above $2.25 would signal confirmation of a larger bullish move and potentially unlock higher price targets in the near term.

Casitrades outlines two scenarios for XRP in the next 24 to 48 hours. In the first scenario, XRP moves to around $2.30 before pulling back to retest $2.25 as support, an ideal and healthy setup for sustained growth. In the second scenario, the price pushes more aggressively through $2.30 and climbs toward $2.45 or even $2.69 before any significant pullback occurs. Regardless of the path, $2.25 remains the key level to flip for XRP to continue its breakout trajectory.

The technical momentum is further supported by critical developments in Ripple’s legal battle with the U.S. Securities and Exchange Commission. Ripple recently confirmed its readiness to withdraw its counter-appeal, and the SEC is widely expected to follow suit. This sequence of events signals that the legal case may be nearing its final resolution. Casitrades emphasizes that the timing of this legal clarity aligning with the completion of XRP’s corrective structure is no coincidence; it illustrates how technical setups often precede news-driven moves, not follow them.

XRP’s rebound from $2.07 was more than just a bounce; it was a structured, high-confidence reaction from a deeply technical zone. Now, with momentum building and $2.25 directly ahead, the stage is set for XRP’s next chapter. Whether it consolidates or surges toward $2.69, the breakout appears to be in progress, and the next 48 hours could be critical.