XRP Breaks Past $2.25 After 5% Rally – Could It Finally hit $3 Again?
The post XRP Breaks Past $2.25 After 5% Rally – Could It Finally hit $3 Again? appeared on BitcoinEthereumNews.com.
The surge in XRP price is supported by a 50% increase in daily trading volumes, which have crossed $2.56 billion, raising analysts’ expectations for a potential rally to $3 and beyond. Heightened whale activity and growing optimism surrounding the approval of a spot XRP ETF, potentially involving BlackRock, are fueling bullish sentiment. Ripple’s native cryptocurrency XRP is showing major strength, gaining 5% in the last 24 hours, and breaking past $2.25 as of press time. With today’s upside, XRP price has recovered most of last week’s losses. The important thing is that today’s Ripple cryptocurrency surge comes with a 50% upside in daily trading volumes crossing $2.56 billion. As a result, the analysts are now predicting a rally to $3 and beyond. XRP Price Stages Strong Breakout Above $2.2 Resistance The $2.20 level has proven to be a key resistance point for XRP, with market bears consistently triggering sell-offs to push the price lower upon reaching this mark. However, recent developments indicate a potential shift in momentum. The coin’s Relative Strength Index (RSI) has reversed earlier downward trends and now sits at 47, suggesting that selling pressure is subsiding. This positions the Ripple altcoin for a potential upward move as oversold conditions ease. Source: TradingView Additionally, technical indicators like the Simple Moving Average (SMA) signal an emerging wedge pattern worth monitoring. The current XRP price is below the nine-day SMA, increasing the likelihood of a breakout. Despite a challenging week, the cryptocurrency has shown resilience, reducing its seven-day losses to just 2% following a recent price uptick. The Ripple cryptocurrency remains a top contender for traders eyeing potential gains. Additionally, Coinglass data shows that XRP futures open interest has surged more than 5%, hitting more than $4.10 billion. Recent XRP price recovery aligns with broader market trends, but a potential breakout…
Filed under: News - @ June 16, 2025 6:27 pm