XRP news: Rally heats up as price nears key $2.25 breakout level
XRP price consolidates near $2.18 while testing major resistance near $2.25
XRP continued its upward momentum on June 24, climbing to $2.18 after a strong recovery from last week’s $1.95 low. This 11.8% advance reflects a decisive shift in short-term market sentiment, with bulls reclaiming control and invalidating prior bearish structure.
Highlights
- XRP rebounds from $1.95 to $2.18, flipping key trend indicators bullish on the 4-hour chart
- Price approaches critical resistance between $2.21 and $2.25 amid strong momentum and volume
- A daily close above $2.25 could trigger upside continuation toward $2.41 and $2.60 levels
Technical indicators across timeframes suggest rising momentum, though critical resistance overhead could temper the rally’s next phase.
Momentum improves but key test ahead
On the 4-hour chart, XRP has broken out of a descending channel and cleared multiple resistance levels near $2.08–$2.10. The price is now consolidating just below a crucial confluence zone between $2.21 and $2.25, which includes the 200 EMA and historical rejection levels. Indicators such as the Supertrend and DMI have flipped bullish, with the ADX rising toward 35, suggesting strengthening trend conviction. A daily close above $2.25 would likely expose higher targets at $2.41 and potentially $2.60.
XRP price dynamics (Source: TradingView)
Short-term momentum remains firm. On-balance volume (OBV) has surged to 2.56 billion, validating the breakout with supportive inflows. Meanwhile, price action has formed a bullish continuation flag on the 1-hour chart, and EMAs (20/50/100) are now acting as dynamic support clustered around $2.07–$2.15.
Structure holds but upside depends on confirmation
Despite the rally, XRP remains within a broader descending wedge on the daily chart, with the macro breakout point sitting at $2.41. For now, $2.21–$2.25 serves as a key gatekeeper level. A rejection here could prompt a pullback toward $2.12 or $2.08. A sustained move above this resistance would likely affirm continuation toward multi-month highs.
Previously, we noted that XRP price action was showing early signs of a reversal, provided $2.00 held as support. This rebound from $1.95 confirms that structure, and the current test at $2.21 marks the next phase in this recovery.
