XRP is currently trading at $2.27, reflecting a 2% increase in the last 24 hours and over 3% in the past week. Despite a slight dip recently, XRP remains steady above the critical $2.20 support level. This price stability is a sign that XRP is holding its ground, especially as Ripple, the company behind XRP, continues to make significant strides in the financial space. Moreover, the continued support from Ripple’s strategic moves could signal more bullish momentum ahead.
Ripple’s Growing Institutional Support Pushes XRP Forward
Ripple has been actively working to gain more institutional support. Recently, the company filed for a national banking charter and sought a Federal Reserve master account. If successful, these moves could integrate Ripple directly into the U.S. payments system, marking a huge milestone for a crypto-native entity. As a result, traders are watching closely, hoping these developments will push XRP toward higher price levels in the near future.
The recent momentum follows heightened speculation from technical analyst Crypto Michael, who highlighted XRP’s long-term consolidation phase.
His chart, shared on X (formerly Twitter), shows XRP compressing for seven years inside a symmetrical triangle before breaking out in late 2024, a move that sparked a 700% surge from roughly $0.60 to over $2.00.
XRP has been consolidating for 7 months since it pumped 700% after breaking out of the 7-year pennant, which I predicted.
It has now reached the end of its healthy consolidation period.
The next major move will begin soon and should align with Bitcoin breaking the 8-year line. https://t.co/D4dWE6powa pic.twitter.com/GSnXsghfbW
— Crypto Michael (@MichaelXBT) June 15, 2025
XRP Technical Indicators Point to Possible Breakout
Looking at XRP’s 4-hour chart, the price action shows a bullish outlook. XRP has recently reclaimed the $2.2175 level, which now serves as short-term support. In addition, this positive movement is accompanied by a clear ascending trendline, indicating higher lows and a solid upward structure. Furthermore, XRP’s price is moving above the 50-SMA, currently sitting at $2.2175, which signals further bullish momentum.
Key Technical Levels to Watch for XRP
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Resistance Levels: XRP faces resistance at $2.285, followed by $2.337 and $2.406. These levels are crucial to monitor, as they may signal the next breakout points.
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Support Levels: Short-term support is at $2.2175, followed by $2.146 and $2.080.
If XRP holds above $2.2175 and breaks through $2.285, the token could surge towards new price levels between $2.40 and $2.47. This breakout could signify the start of a fresh rally for XRP.
XRP’s Path to $10: Key Drivers for Growth
XRP’s future growth is closely tied to Ripple’s continued efforts in traditional finance. In addition, the company’s increasing involvement in cross-border payments and central bank digital currencies (CBDCs) is pushing XRP into the mainstream. Moreover, speculation surrounding XRP’s potential inclusion in an ETF continues to drive positive sentiment. If Ripple continues to build partnerships with governments and financial institutions, XRP could see significant long-term growth.
XRP’s Momentum: Why a Breakout Could Happen Soon
XRP has built a strong technical foundation, with key support levels firmly in place. As long as XRP remains above $2.2175 and the overall trend stays bullish, a breakout above $2.285 is likely. If this happens, it could lead to a surge toward higher price targets. Therefore, if XRP breaks through these resistance levels, the next major focus will be the $2.40–$2.47 range.
Why Traders Should Watch XRP Closely
XRP remains one of the most intriguing altcoins in 2025. In particular, its recent price action, combined with Ripple’s strong institutional ties, makes XRP a top contender in the cryptocurrency market. As such, traders should closely monitor any signs of a breakout, especially as Ripple’s increasing influence in the traditional finance space boosts XRP’s prospects.
