XRP price rose over 12% in the past 48 hours, climbing to $2.44 following Ripple’s announcement of a custodial partnership with BNY Mellon. The move pushed XRP through a year-long descending trendline and into a major resistance band. Now, traders are watching to see whether momentum can sustain above $2.40, or if profit-taking sets in.
What’s Happening With XRP’s Price?
XRP has broken decisively above the $2.25–$2.28 resistance zone and is consolidating just below $2.44. This breakout marks the first successful close above the macro downtrend line since March 2024, according to the daily chart. The move also reclaims a crucial horizontal supply zone that previously capped price since April.
The 4-hour Bollinger Bands show XRP pushing the upper band at $2.4374, with the price now pausing near this dynamic resistance. Meanwhile, the EMA cluster (20/50/100/200) is fully aligned below price with the EMA20 at $2.34 and the EMA100 near $2.24 further confirming strong bullish structure.
XRP’s price action has now entered a liquidity pocket between $2.44 and $2.52, a zone…
The post XRP (XRP) Price Prediction for July 11 appeared first on Coin Edition.
