TLDR

XRP price surged above $2.30 before correcting back to current levels around $2.32
Crypto influencer Ansem sparked renewed IPO speculation for Ripple Labs
Technical analysis shows key support at $2.20 with resistance at $2.280
Ripple holds 36.2 billion XRP tokens in escrow worth approximately $79 billion
XRP gained 5.83% in the last 24 hours with trading volume of $5.70 billion

XRP price action has captured trader attention as the token holds above the $2 level while fresh speculation around a potential Ripple IPO gains momentum. The cryptocurrency is currently trading at $2.32 with a market cap of $136.73 billion.

The recent price movement saw XRP climb above the $2.220 zone before reaching a high of $2.327. The token then corrected lower, moving below the $2.280 level as traders took profits.

XRP remains above the 100-hourly Simple Moving Average and the $2.180 support level. A bullish trend line has formed with support near $2.20 on the hourly chart.

If XRP clears the $2.280 resistance zone, the next targets sit at $2.30 and $2.320. A break above $2.320 could send the price toward $2.350 and potentially $2.40 or $2.450.

On the downside, initial support lies at $2.220. The key level to watch is $2.20, which coincides with the bullish trend line support.

IPO Speculation Returns

Crypto influencer Ansem reignited discussion about a potential Ripple IPO through a viral social media post. The speculation comes as XRP trades above $2 while many traders focus on other cryptocurrencies.

Ansem questioned what would happen to XRP if Ripple went public. The timing appears strategic, with XRP maintaining strength while broader market attention is elsewhere.

if ripple labs ipos what happens to the token?

— Ansem (@blknoiz06) June 29, 2025

Ripple currently holds 36.2 billion XRP tokens in escrow. At current prices, this represents approximately $79 billion in value. The company’s last private valuation was $11.3 billion.

Market Dynamics

Comparisons have emerged between Ripple and Circle, which saw its stock rally 600% after going public. Some market participants believe Ripple’s current valuation fails to account for its technology stack and banking partnerships.

While Ripple and XRP are legally separate entities, the market often treats them as connected. XRP price movements frequently follow Ripple-related news including partnerships and legal developments.

The company has stated that an IPO is not planned for 2025. However, in cryptocurrency markets, speculation can drive price action regardless of immediate fundamentals.

XRP’s 24-hour trading volume reached $5.70 billion as the IPO narrative gained traction. The token posted a 5.83% gain over the same period.

The cryptocurrency formed a base above $2.120 before starting its recent upward move. It successfully broke through resistance levels at $2.180 and $2.20 before reaching the $2.327 high.

Current price action shows XRP holding above key technical levels while traders monitor both the IPO speculation and technical resistance zones. The 76.4% Fibonacci retracement level from the recent swing low to high sits close to current support levels.

XRP finished the latest trading session at $2.32 with the IPO narrative continuing to circulate among crypto traders and analysts.

The post Ripple (XRP) Price: Can Ripple’s IPO Rumors Fuel XRP’s Next Major Rally? appeared first on CoinCentral.

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Filed under: News - @ July 1, 2025 9:23 am