XRP price surges but corrects, can bulls take over again?

Jakarta, Pintu News – After breaking through the $2.250 zone, the price of Ripple (XRP) experienced a significant increase to reach $2.35. However, the price has now corrected and dropped below the $2.30 level.

Ripple’s (XRP) price increase is short-lived

The price of Ripple (XRP) experienced a considerable increase after it managed to stabilize above the $2,250 level, surpassing Bitcoin (BTC) and Ethereum (ETH). The bulls managed to break the resistance at $2.2850. The bulls managed to push the price past the $2.30 level, but the bears remained active in the $2.350 zone. As a result, the price of Ripple (XRP) experienced rejection and dropped again.

This drop even surpassed the 50% Fibonacci retracement level of the previous rise that started from a low of $2,205 to reach $2,353. In addition, there was also a break in the bullish trend line that has support at $2,2650 on the hourly chart of the XRP/USD pair. Currently, the price is still above $2,250 and above the 100-hour simple moving average.

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Potential Barriers and Support

On the upside, Ripple (XRP) prices may face resistance near the $2.280 level. The first major resistance is near the $2.2880 level. If the price manages to cross the $2.2880 resistance, it could push the price towards the $2.320 resistance. Further upside might take the price towards $2,350 or even $2,3650 resistance in the short term. The next major hurdle for the bulls is at $2,40.

Possibility of Further Decline

If Ripple (XRP) fails to cross the $2.2880 resistance zone, the price may see another drop. Initial support on the downside is near the $2,250 level. The next major support lies near the $2,240 level and the 76.4% Fibonacci retracement level of the previous rise from $2,205 to $2,353. In case of a downward break and close below the $2,240 level, the price could continue to drop towards the $2,220 support. The next major support is at the $2.20 zone.

Technical Indicators

The hourly MACD for the XRP/USD pair is now showing acceleration in the bearish zone. Meanwhile, the hourly Relative Strength Index (RSI) for XRP/USD is now below the 50 level. The key support levels are at $2,250 and $2,240, while the key resistance levels are $2,2880 and $2,320.

Conclusion

Although Ripple (XRP) is showing strong upside potential, the challenge from the bears is still quite strong in the high price zone. Investors and traders should take note of the mentioned resistance and support levels to make informed trading decisions.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. XRP Price Pops and Drops. Accessed on July 8, 2025