XRP News Today: XRP Surges 1.84% Approaching Key $2.33 Resistance Level

XRP is currently at a pivotal moment in its trading history, with analysts closely monitoring its potential to break through a critical resistance level. According to crypto researcher Ripple Van Winkle, a successful breach of the $2.33 mark could trigger a significant rally, attracting the attention of institutional investors.

At the time of writing, XRP is trading at $2.26, reflecting a 1.84% increase over the past 24 hours. The asset is now approaching the $2.33 resistance level, which aligns with the 200-day simple moving average (SMA). This technical indicator is often seen as a marker for bullish reversals in long-term price trends.

Top crypto analyst Steph has identified $2.33 as a crucial level for XRP. He stated, “Break it, and bulls are eyeing $2.60 next.” This price region has not been reached in months, and clearing it could set the stage for a swift upward movement.

Ripple’s strategic push for a U.S. national banking charter is another factor contributing to the growing excitement around XRP. If approved, Ripple would be the first blockchain-based company to obtain such a license, granting it legitimacy and regulatory recognition. This move would enable Ripple to offer banking services directly, bypassing intermediaries and strengthening XRP’s use case as a bridge asset between crypto and fiat ecosystems.

Additionally, the rising possibility of a spot XRP exchange-traded fund (ETF) is another major catalyst. According to the analyst's forecast, there is a 95% probability of approval, citing a more favorable regulatory climate and mounting pressure from major asset managers. An XRP ETF would represent a breakthrough for institutional involvement, offering traditional investors direct exposure to the asset through regulated financial products. If approved, this could bring billions in fresh capital into the XRP market.

From a technical standpoint, XRP/BTC has just broken out of a classic falling wedge pattern, a historically reliable bullish reversal signal. This formation suggests that the downtrend has likely been exhausted and that buying momentum is beginning to build, especially as XRP strengthens against Bitcoin. This chart structure adds further weight to the case for an upward move, especially if $2.33 is breached in the coming days.

Despite the bullish outlook, analysts caution that $2.33 remains a formidable barrier. If XRP fails to break through, strong support sits at $2.00, a level that has repeatedly held during pullbacks in recent months. However, with momentum across technical and fundamental fronts aligning, many believe XRP is on the verge of a breakout that could define the next major chapter of the crypto market.

Ripple’s pursuit of a U.S. banking license, rising ETF approval odds, and powerful technical indicators are converging in real-time. Experts say this may be XRP’s biggest breakout opportunity in months. If $2.33 is cleared, XRP could rapidly accelerate toward $2.60 and beyond, potentially leading the next wave of crypto gains. Few are prepared for what could come next, but the smart money is already watching—and waiting.