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XRP is consolidating near $2.30 resistance in a bullish falling wedge pattern.
Open interest and user activity signal growing investor conviction.
Analysts forecast upside targets ranging from $3.50 to $17.50 if the breakout confirms.
As we approach July 2025, all eyes are on XRP, which is showing signs of a potential breakout after weeks of tightening price action. Trading at $2.18, the asset has remained relatively range-bound for the past several sessions, but new data points suggest that might soon change.
From rising trading interest and shifting derivatives sentiment to an emerging chart pattern and strong network activity, multiple indicators are aligning to hint at a decisive move.
Could XRP be on the verge of a major bullish trend?
As of June 26, 2025, XRP is trading at $2.18, exhibiting signs of consolidation within a well-defined falling wedge pattern —a bullish formation that often precedes a breakout. This structure has been developing since early May, characterized by consistently lower highs and support near the $2.03-$2.10 range.
Immediate support zones lie at $2.17, followed by stronger support at $2.10 and $2.03. These levels have held through multiple pullbacks and represent the lower boundary of the wedge.
The Relative Strength Index (RSI) is currently at 50.07, indicating neutral momentum and suggesting room for the price to move in either direction. However, this also shows that XRP is not yet overbought, providing bulls with room to push higher if momentum continues to build.
The 0.382 Fibonacci retracement level lies at $2.29, creating a confluence with horizontal resistance at $2.30, a crucial breakout zone. Beyond this, the Fibonacci cluster between $2.48 and $2.61 provides layered resistance but also offers strong technical targets post-breakout.
XRP remains above its 200-day EMA, which is currently acting as a dynamic support zone. This suggests that the long-term trend remains intact and that buyers are defending key structural levels.
A daily close above $2.30 would confirm a breakout from the wedge and likely lead to a rapid move toward the $2.61 - $2.72 zone.
Conversely, a drop below $2.03 would invalidate the pattern and potentially trigger a deeper pullback to $1.95, with $1.70 as the next downside target.
Also Read: XRP Price Prediction: Is a Big Move Coming for Traders Soon?
Data from CoinGlass shows mixed sentiment across XRP’s derivatives market. Here’s the breakdown:
24-hour Volume: $4.24 billion
Open Interest (OI): $4.08 billion
Options Volume: $755.72K
Options OI: $683.25K
While trading volume has declined, the increase in open interest indicates that traders are building positions, likely anticipating a major move.
The OI-weighted funding rate remains modestly positive, suggesting a slightly bullish tilt without overly aggressive leverage.
This shift is further supported by the Binance long/short ratio at 2.78, revealing that nearly 73% of top traders are holding long positions.
A critical factor that can’t be ignored is XRP’s rising network activity. According to Glassnode, XRP saw 1.12 million active addresses as of June 9, one of its highest-ever weekly totals. This type of engagement typically reflects heightened transaction activity, wallet creation, or accumulation, all of which are bullish precursors.
Increased on-chain interactions, particularly in tandem with positive derivatives sentiment and technical structure, usually indicate renewed interest from both retail and institutional players.
According to technical cycle theory, breakouts from consolidation or triangle formations typically occur between 75% and 95% of the pattern’s lifespan. With XRP’s current wedge approaching a potential breakout, the window between early July and mid-September becomes critical.
If XRP follows this path, a decisive move could emerge within the next few weeks, potentially catching traders off guard.
Also Read: Will XRP Surpass Ethereum by 2028 on a 250% Rally?
Here are the primary levels traders should keep an eye on:
$2.20: Immediate intraday resistance
$2.30: Major breakout trigger (horizontal and Fib alignment)
$2.61 - $2.72: Fibonacci golden pocket zone
$2.03: Critical support - breakdown here delays or invalidates the bullish setup
Leading analysts remain divided, but optimistic:
EGRAG CRYPTO forecasts XRP could reach $6.50 to $17.50, based on historical fractals and triangle pattern timing.
Ali Martinez sees a target range of $3.00 to $5.00, supported by rising wallet activity and RSI strength.
TradingView analysts expect a range of $2.80 to $3.50 if $2.30 breaks with increased volume.
A bearish scenario could see XRP drop to $1.75 - $2.03 if it fails to hold key support.
All signs point to a critical inflection point. Technically, XRP is pushing against the edge of a long-term falling wedge. Derivatives data shows increasing trader conviction. On-chain activity is surging. And market sentiment is quietly tilting bullish.
If XRP clears the $2.30 - $2.48 zone in early July, it could initiate one of the biggest rallies of 2025, potentially targeting $3.00 - $5.00 and beyond. Failure to break out could lead to short-term correction, but the broader structure remains favorable.
The takeaway? Keep XRP on your radar. The next few weeks could be the catalyst that defines its direction for the rest of the year and possibly beyond.
