XRP News Today: XRP Surges 11% to $2.173 as Bullish Momentum Builds

Generated by AI AgentCoin World
Tuesday, Jun 24, 2025 11:02 am ET2min read
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XRP, the cryptocurrency associated with Ripple, experienced a significant surge, jumping from $1.97 to a high of $2.173, marking an 11% increase. This price action confirmed a decisive breakout above the $2 psychological barrier, indicating strong bullish momentum. The volume during the late session spiked to 217 million, nearly three times the average, as buyers overwhelmed sellers and established $2.06 as a new support zone.

Technical analysts noted that XRP has cleared both the 100-hour moving average and a multi-month bearish trend line, setting up a bullish structureGPCR-- if the $2.13–$2.15 region holds. This technical strength suggests that XRP is poised for further gains, with some analysts predicting that $3 is the next target if the current momentum holds.

On-chain data revealed a flurry of large XRP transfers in recent days. Notably, a whale moved $58 million in XRP to CoinbaseCOIN--, which initially raised fears of a potential selloff. However, XRP’s price held firm, showing impressive resilience even as other cryptocurrencies struggled amid global tensions. This resilience is seen as a sign of a maturing market, with institutional buyers absorbing supply and retail traders undeterred by whale moves.

Ripple itself transferred nearly $439 million in XRP to an unknown wallet, sparking debate about the company’s intentions. While some community members worry about transparency, others see these moves as positioning for a potential spot ETF or treasury accumulation, especially as the SEC lawsuit nears a resolution. The ongoing Ripple v. SEC case remains a major driver of sentiment, with investors watching for the next round of filings, which could bring long-awaited regulatory clarity.

The settlement of this years-long battle has already shifted industry sentiment, with many now betting on an eventual XRP ETF approval and broader institutional adoption. Retail interest in XRP is also exploding, with GoogleGOOG-- autocomplete queries for “XRP to $3,” “XRP price prediction,” and “Is XRP a good investment?” surging in the past week. On January 15, XRP even surpassed Bitcoin in global search volume, a rare feat that underscores the token’s growing mainstream appeal. The “XRP Army” community continues to swell, with 58,000 new holders joining in 2025 and daily active addresses up 490% since 2022.

Market analysts remain split on the future of XRP. Some see a clear path to $3 and beyond, citing strong technicals, whale accumulation, and the prospect of an ETF. Others warn of a possible 25% correction if support at $2.13 fails, especially if whale selling accelerates. For now, the structure remains bullish as long as XRP holds above $2.13–$2.15. The implications go beyond short-term price action. Sustained institutional interest and elevated network activity could set new market dynamics for XRP, potentially supporting its long-term value and reinforcing its position as a leading cross-border payments token.

All eyes are on whether this wave of participation can help XRP break through the $2.20–$2.30 resistance and sustain its bullish momentum. XRP’s 11% rally to $2.20 is powered by a rare alignment of technical strength, whale accumulation, and surging retail interest. With Ripple’s legal saga nearing its climax and search trends pointing to $3, the focus is on whether XRP can sustain its momentum or if another round of volatility is just around the corner.

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