Higher Range Formation in XRP Seen as Encouraging Sign of Bullish Momentum

XRP Holds Steady Near $2.14 as Markets Await Key Economic Decisions

20 June 2025

XRP is maintaining strength near the top of its recent price range, signaling potential for a bullish breakout as volatility narrows ahead of major macroeconomic announcements.

The Ripple-linked token has built solid support between $2.14 and $2.15, supported by robust trading volumes, while resistance continues to hold firm around $2.18. The current price structure suggests XRP is consolidating within an ascending channel, hinting at a possible move higher if market sentiment turns favorable.

Broader Market Context

• Geopolitical Tensions: Ongoing conflict in the Middle East has fueled risk-off sentiment across global markets, triggering liquidations in crypto assets. While tokens like Cardano and Solana posted losses exceeding 1%, XRP has managed to stay resilient, forming higher lows and establishing a tighter trading range between $2.14 and $2.18.
• Federal Reserve Watch: Traders are cautiously waiting for the Federal Reserve’s next interest rate decision, as diverging global monetary policies add to uncertainty in financial markets.
• Historical Parallels: Analysts are drawing comparisons between XRP’s current price behavior and its 2017 consolidation phase, which preceded a significant 1,300% rally.
• Investor Activity: Glassnode data shows profit-taking in XRP is averaging $68.8 million daily, even as narrowing Bollinger Bands hint at the potential for a sharp price move.

Recent Price Action

Over the past 24 hours, XRP traded within a 3.81% range, fluctuating between $2.143 and $2.182. Strong buying interest emerged early in the session, with nearly 50 million XRP changing hands around the $2.143 support level.

Despite multiple attempts to break through resistance at $2.179–$2.182, sellers continued to hold that zone. In the final hour of trading, XRP slipped from a local high of $2.181 to $2.167—a 0.7% decline—amid a surge in trading volume to 1.7 million units. However, the price quickly recovered, forming a higher low and preserving its broader bullish structure.

Technical Snapshot

• XRP traded in a 3.81% range, between $2.143 and $2.182.
• Support remained strong at $2.143–$2.147 with significant early-session buying.
• Resistance at $2.179–$2.182 continues to act as a ceiling for price advances.
• The price pattern remains within an ascending channel, maintaining higher lows.
• A late-session dip was triggered by a volume spike near $2.170, followed by recovery to $2.167.
• A short-term descending channel formed in the final hour, though the broader trend stays bullish as long as $2.14 holds.
• Bollinger Bands are tightening, while the RSI is neutral at 52, pointing to possible volatility ahead.

With critical economic data and central bank decisions on the horizon, traders are closely watching XRP for signs of a decisive breakout above its current resistance levels.