XRP Jumps 11% With Eyes on $2.20, Analysts Split on What’s Next

Published

5 дней ago

24 июня, 2025

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XRP is pushing higher despite escalating global turmoil, surging 11% over the past 24 hours to reclaim the $2 mark.

The rally comes after a turbulent weekend driven by U.S. and Israeli military activity in the Middle East, which briefly pushed the token below key psychological support.

Now back above $2.17, XRP is testing fresh resistance levels with high-volume support holding at $1.97.

News Background

Geopolitical tensions have gripped global markets, with crypto especially reactive to headlines involving Iran, Israel, and the U.S. XRP’s recent climb comes amid this volatility, showing relative strength despite the uncertain macro backdrop.
Trading volumes surged as buyers stepped in at the $1.97 level, setting off a high-momentum breakout that topped out at $2.173.
Some analysts now forecast a potential run toward $6 by the end of the month — though others warn a 25% correction to $1.55 remains possible.
While sentiment is split, market data shows institutional players are still active.
Futures open interest and volume are elevated, and on-chain flows suggest accumulation over distribution.
The $2.13–$2.15 zone is now acting as immediate support, and the broader structure appears bullish if it holds.

Price Action

XRP climbed from $1.967 to $2.173 over the past day, posting a 10.5% range with bullish momentum concentrated in the late session.

The decisive breakout came during the 22:00 hour with 217M volume — nearly 3x the average — establishing $2.06 as strong resistance.

Buyers first stepped in at $1.97 around 17:00 with 130M in volume, setting the foundation for the surge.

Price has since consolidated above $2.13, with $2.154–$2.156 emerging as a new support zone defended by bulls.

In the last hour, XRP rose 1.2%, closing near highs after fending off a quick 1.7% pullback at 04:07.

Volume peaked during upward movement (748K units), indicating likely accumulation rather than distribution.

Technical Analysis Recap

24-hour price range: $1.967 – $2.173 (10.5%)
Strong support confirmed at $1.97 and $2.154
Resistance zone formed at $2.06 and $2.173
Volume spike (217M) drove breakout at 22:00
Momentum remains intact above $2.13 with bullish consolidation

Coinbase Outpaces S&P 500 With 43% June Rise as Stablecoin Narrative Grows: CNBC

Published

7 часов ago

28 июня, 2025

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Shares of Nasdaq-listed cryptocurrency exchange Coinbase (COIN) rose 43% this month, making the firm the top performer in the S&P 500 since it joined the index at the end of last month.

June’s run is already the stock’s best since November and caps three straight monthly gains. Coinbase’s shares reached their highest level since their public debut.

COIN hit a $382 high this week before enduring a slight correction, ending the week at $353 and seeing a slight 0.7% drop in after-hours trading to $351.

The wider S&P 500 index rose roughly 5% in June as geopolitical tensions eased.

Washington’s progress on the GENIUS Act, Congress’s first rulebook for dollar-pegged stablecoins, helped shift investor focus from trading fees to stablecoin revenue.

The bill brightened the outlook for Circle, whose shares hit a record high and saw its market cap near that of Coinbase this week.

Coinbase keeps all yield on USDC balances held on its platform and nearly half of other USDC income, equal to about 99 percent of Circle’s revenue, giving shareholders indirect exposure at no added cost, CNBC reported Friday, citing analysts including Citizens’ head of financial technology research Devin Ryan.

Trading, however, remains subdued. Average daily volume on Coinbase has drifted lower since April.

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Robinhood Launches Micro Bitcoin, Solana and XRP Futures Contracts

Published

8 часов ago

28 июня, 2025

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Robinhood (HOOD) has introduced micro futures on bitcoin (BTC), solana (SOL) and XRP in the United States., expanding its existing crypto futures offering for its nearly 26 million funded accounts.

Micro contracts need far less collateral than full-size futures, letting traders take directional positions while committing a smaller slice of capital.

The contracts offer traders more flexibility to bet on a cryptocurrency’s future price direction or hedge current positions given their smaller size.

The launch rounds out a futures suite that began with BTC and ETH in January. It also comes weeks after the firm closed its $200 million purchase of Bitstamp and finalized a $179 million deal for Canada’s WonderFi.

Robinhood’s data shows that crypto notional volumes have exploded upward over time, reaching $11.7 billion in May. The figure marks a 36% rise month-over-month, and a 65% growth year-over-year.

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Why is XRP Up Today? Trio of Catalysts Sees Token Outperform Wider Crypto Market

Published

9 часов ago

28 июня, 2025

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XRP climbed 5.5% to $2.19 in the last 24 hours after a trio of catalysts converged to help the cryptocurrency outperform the wider cryptocurrency market.

One of the catalysts was launch of XRP micro futures on Robinhood. The contracts offer traders more flexibility to bet on the cryptocurrency’s future price direction or hedge current positions given their smaller size.

Regulatory fog also thinned. On Friday, Ripple withdrew its cross-appeal in its long-running U.S. Securities and Exchange Commission (SEC) lawsuit. The SEC sued Ripple back in 2020 over its XRP sales, alleging these violated securities laws. The SEC is expected to drop its own appeal, leaving last year’s ruling, ordering Ripple to pay a $125 million civil penalty to the SEC, intact. The move could lift a lid that had kept some investors on the sidelines.

On-chain data rounded out the bullish setup. The XRP Ledger logged over a 1.1 million active addresses over the past week according to crypto analyst Ali Martinez, who cited Glassnode data.

XRP’s rise saw it outperform the wider crypto market, with the broader CoinDesk 20 (CD20) index rising 1.7% in the last 24 hours.