$XRP $XRP

Tracking XRP Price: Bulls Focused as XRP Aims for Breakout Target Above $2.20

June 3, 2025 – Market Update

XRP, the native token of the Ripple network, is currently under close scrutiny by both investors and analysts as it consolidates near key resistance levels. After a prolonged period of sideways trading, bullish momentum is building, and the digital asset appears to be gearing up for a significant breakout. The price target on everyone’s radar? $2.20 — a level that, if breached, could signal a fresh bullish cycle for XRP.

Technical Picture: Setting the Stage for a Breakout

As of the latest trading sessions, XRP is hovering around the $1.80–$1.95 range, having gained over 15% in the past two weeks. The token is trading above its 50-day and 200-day moving averages, both of which are sloping upwards — a classic indicator of bullish strength.

Momentum indicators such as the Relative Strength Index (RSI) are also favoring the bulls. RSI readings near 65 suggest there’s room for further upside before the asset enters overbought territory. Meanwhile, trading volume has seen a noticeable uptick, signaling growing investor interest and confidence.

Analysts point to a clear resistance zone at $2.00–$2.20. This level marks a multi-year high last seen during the altcoin rally of late 2021. A decisive close above this band could confirm a bullish breakout, opening the path to extended gains, potentially toward $2.50 and beyond.

Catalysts Behind the Bullish Sentiment

Several factors are contributing to XRP’s renewed momentum:

1. Regulatory Clarity

Ripple’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC) has seen positive developments, with recent court decisions favoring Ripple’s stance that XRP is not a security. This clarity has reduced investor uncertainty, drawing back institutional and retail interest.

2. Partnership Expansion

Ripple continues to ink deals across Asia, the Middle East, and Latin America, expanding the use of XRP in cross-border payment corridors.