XRP breaks above $2.00 with rising volume; next resistance zone seen at $2.30.
Support holds at key Fibonacci levels, suggesting potential continuation of the bullish trend.
Institutional interest grows as ETF filings and VivoPower’s $121M XRP investment gain traction.
XRP has surpassed the $2.00 region and is hovering around a solid technical area that was sustained over a few months. This breakout has attracted interest among both traders and institutions as the next target spot at historical resistance and volume information is the entry of $2.30.
Technical Strength Builds as XRP Holds Key Levels
According to analysis prepared by Steph Is Crypto, XRP is now trading at $2.00, marking a 311.52% increase over the past year. The circulating supply is 58.93 billion XRP, while the market cap stands at $118.32 billion. The volume-to-market cap ratio is 4.33%, showing active trading and growing liquidity.
https://twitter.com/Steph_iscrypto/status/1937039166828589059
The 24-hour trading volume has increased to $5.13 billion, reflecting a 64.71% surge in buying and selling activity. XRP’s fully diluted valuation is $200.76 billion, supported by a near-max supply of 99.98 billion tokens. These figures point to stable tokenomics and consistent demand in the market.
According to an observation by XForceGlobal, XRP’s recent pullback found support between the 0.618 and 0.886 Fibonacci levels. This retracement zone could support a new move toward $2.30. The daily RSI is 43.68, while the MACD remains below the signal line, showing mild pressure but no sharp decline.
ETF Activity and Institutional Demand Boost Market Confidence
The SEC has received multiple XRP ETF applications. A final decision is expected by October 17, 2025. Seyffart noted, “Approval feels inevitable,” but added that timing remains uncertain. Applications are backed by firms such as Grayscale, Bitwise, and 21Shares.
On June 11, VivoPower announced a partnership with the Flare blockchain to generate yield from its XRP holdings. In May, the firm invested $121 million in XRP as part of its treasury reserve strategy. This move positions XRP for increased institutional exposure.
The post XRP Clears $2.00 as Traders Shift Focus to $2.30, “Support Found Between Key Fibonacci Levels” appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
