The post XRP (XRP) Price Prediction for July 11 appeared on BitcoinEthereumNews.com.

XRP price rose over 12% in the past 48 hours, climbing to $2.44 following Ripple’s announcement of a custodial partnership with BNY Mellon. The move pushed XRP through a year-long descending trendline and into a major resistance band. Now, traders are watching to see whether momentum can sustain above $2.40, or if profit-taking sets in. What’s Happening With XRP’s Price? XRP price dynamics (Source: TradingView) XRP has broken decisively above the $2.25–$2.28 resistance zone and is consolidating just below $2.44. This breakout marks the first successful close above the macro downtrend line since March 2024, according to the daily chart. The move also reclaims a crucial horizontal supply zone that previously capped price since April. XRP price dynamics (Source: TradingView) The 4-hour Bollinger Bands show XRP pushing the upper band at $2.4374, with the price now pausing near this dynamic resistance. Meanwhile, the EMA cluster (20/50/100/200) is fully aligned below price with the EMA20 at $2.34 and the EMA100 near $2.24 further confirming strong bullish structure. XRP’s price action has now entered a liquidity pocket between $2.44 and $2.52, a zone marked by multiple prior rejections. A clean breakout above this band could reignite upside toward the $2.75–$2.80 zone seen in January. Why Is The XRP Price Going Up Today? The latest rally stems from Ripple’s confirmation that BNY Mellon will act as custodian for RLUSD, Ripple’s newly launched stablecoin. With over two centuries of institutional credibility, BNY Mellon’s involvement is being seen as a major institutional validation of Ripple’s blockchain infrastructure. XRP Derivative Analysis (Source: Coinglass) XRP rose sharply after the news broke, and derivatives data supports the momentum: Volume surged +74.7% to $9.88B Open interest rose +10.2%, with options volume soaring over 306% Top trader long/short ratios hit 2.03 on Binance positions and 1.97 on accounts — extremely…

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Filed under: News - @ July 10, 2025 8:29 am