XRP News Today: XRP Surges 2% to $2.20 as Trading Volume Triples

XRP, the cryptocurrency associated with Ripple, experienced a significant surge, breaking above the $2.20 mark with a nearly 2% gain. This movement was supported by a substantial increase in trading volume, more than tripling its 24-hour average. The surge in volume suggests a renewed conviction among buyers, indicating a potential shift in trend momentum.

The breakout occurred amidst improving macro conditions and a rare period of calm in global markets. This stability followed ceasefire announcements in key geopolitical flashpoints, which had previously caused market jitters and a drop in XRP's value to as low as $1.90. The token has since recovered by 14% in recent sessions, reflecting a broader market stabilization.

Technical analysts have noted that XRP has broken out of a descending wedge pattern and is now testing new support near the $2.22–$2.23 zone. The move was bolstered by heavy buying during the 13:00 UTC hour on June 25, when volume spiked above 107 million XRP. This surge included several sharp intra-hour bursts, confirming the breakout and repositioning XRP within a long-term symmetrical triangle pattern that has been forming for 334 days.

With technical compression nearing its limit, some analysts are now eyeing an upside breakout into the $5–$10 range, provided that momentum can be sustained into Q3 2025. The recent price action saw XRP trading within a $0.04 range over the last 24 hours, from $2.19 to $2.23. The most decisive action occurred during the 13:00–14:00 UTC hour on June 25, when XRP surged from $2.19 to $2.23, closing the hour near session highs with strong volume support.

Support has now formed near $2.22–$2.23, with sellers unable to push prices meaningfully lower despite earlier whale activity, including a $58 million transfer to Coinbase. Traders are watching whether this zone can hold and potentially serve as the launchpad for a fresh leg higher. The technical indicators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), indicate rising bullish divergence, suggesting that the previous key resistance at $2.14 has been overcome.