XRP News Today: XRP Surges 11% to $2.17 Amid Geopolitical Tensions and Institutional Interest

XRP, the cryptocurrency associated with Ripple, experienced a significant surge on June 24, 2025, rising 11% to reach $2.17. This increase came after a tumultuous weekend marked by geopolitical tensions in the Middle East, which briefly pushed the token below key support levels. Despite these market shocks, XRP managed to regain important technical levels, indicating potential for further growth.

Technical analysis suggests that the range of $2.18 to $2.22 is a critical resistance level for XRP. The token has struggled to maintain gains beyond this range in recent sessions. However, trading above the 50-day and 20-day exponential moving averages (EMAs) indicates a bullish trend. The Average True Range (ATR) shows higher volatility, suggesting a broader price range. A breakout above $2.22 could target $2.30 or higher, while failure to clear this resistance may lead to consolidation around the $2.00 support level. The Relative Strength Index (RSI) is neutral, implying that the price can increase without becoming overbought.

The recent surge in XRP aligns with a broader market recovery, with altcoin sentiment strengthened by Bitcoin's rise past the $100,000 mark. XRP performed the best among its peers, and institutional interest has been growing, as indicated by a 21% decrease in exchange reserves to $2.3 billion. Reduced exchange reserves often signal accumulation by long-term holders, further bolstering the bullish case for XRP.

The positive price trend of XRP is supported by developments related to Ripple, the company behind the token. A historic court ruling in 2023 designated XRP retail trade as not a security, removing a significant regulatory hurdle. This ruling, along with Ripple's expanding role in global payments and alignment with the ISO 20022 standard, has boosted investor confidence. Additionally, rumors of a potential spot XRP ETF approval, with an 81% chance, have stirred trader emotions and contributed to the optimistic outlook for XRP.

The immediate price trend of XRP will depend on whether it can breach the $2.22 resistance level. If the upward momentum continues, the next psychological milestone to aim for is $2.33. More optimistic long-term predictions suggest that XRP could reach $5 by the end of the year if ETF approval is realized. Some analysts are even eyeing a price above $10 by mid-2026, driven by Ripple's expansion and regulatory clarity. However, bearish signals persist, with the Moving Average Convergence Divergence (MACD) indicator displaying a sell signal, cautioning that failure to reverse the resistance could push XRP to lower supports around $1.95.