XRP Price Alert: Bulls Eye $2.6 Comeback—Unless THIS Market Curveball Hits First

XRP's rally could be back on track—if it dodges one critical pitfall.

After months of sideways action, the sixth-largest crypto by market cap shows signs of life. Technicals suggest a path to reclaiming its $2.6 glory days from 2021's bull run. But traders shouldn't pop the champagne yet.

The make-or-break factor? A stubborn resistance level that's crushed every breakout attempt since Q1. Fail to flip it, and we're looking at yet another 'almost' story in crypto's graveyard of could've-beens.

Meanwhile, institutional players keep stacking XRP like it's 2017—proving once again that in crypto, hope springs eternal (and so do bagholders).

Assessing XRP breakout odds in Q3

Source: XRP/USDT, TradingView 

On the daily chart, XRP remained range-bound since printing last year’s peak at $3.4. The flat trading volume, as shown by OBV (On Balance Volume), reinforced the sideways structure. 

But in Q2 2025, XRP slipped below $2.6 and has been consolidating below that level.

In May, XRP bulls attempted to break above $2.6, which doubled as a mid-range level and supply zone. But they were rebuffed and dragged XRP below the 200-day Simple Moving Average (SMA, blue).

When zoomed in on the lower timeframe (4-hour), XRP has struggled to clear the $2.3 in June. This has made it a key short-term supply zone before bulls could eye $2.6.  

Source: XRP/USDT, TradingView

That said, 7% surge on the 30th of June was rejected at $2.3, but the pullback could ease at $2.16-$2.19 (white) or $2.0.

Still, the 4-hour chart OBV was below June resistance, suggesting a jump above $2.3 could need a strong catalyst.  

Overall, XRP could trade within $2.0-$2.3 in the short term or extend to $2.6 in the mid-term in case of a summer catalyst. 

Over 1B XRP moved from exchanges

Here’s the kicker—despite the tight range, XRP’s Exchange Balance has dropped significantly.

According to Glassnode data, XRP supply on centralized exchanges shrank from 4.4 billion to 3.3 billion tokens since October 2024. That’s over 1 billion XRP withdrawn.

Source: Glassnode

That, in itself, isn’t a breakout trigger—but it sets the stage. In other words, a strong catalyst could fuel an explosive XRP rally under this muted selling condition. 

Where could the next liquidations hit?

Meanwhile, the Liquidation Heatmap also showed that the short-term pullback could ease at $2.1 or $2.0. These levels had relative liquidity pools of Leveraged longs that could act as price magnets. 

Source: CoinGlass

XRP has been stuck in the $2.0-$3.4 price range for over six months and could extend into Q3 unless a strong catalyst emerges.

In the NEAR term, pullbacks to $2.0 could be buying opportunities if the range remains intact. 

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion