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XRP Surges Into Bullish Territory: Higher Range Signals Major Breakout Ahead

XRP Surges Into Bullish Territory: Higher Range Signals Major Breakout Ahead

Author:
CoindeskEN
Published:
2025-06-20 16:11:13
11
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XRP Establishes Higher Range as in Positive Sign of Bullish Breakout

XRP isn't just knocking on resistance—it's kicking the door down. The sixth-largest crypto by market cap has carved out a higher trading range, flashing classic breakout signals that have bulls salivating.

Technical Sweet Spot

After months of sideways action, XRP's chart now shows the kind of structure that makes traders reach for their leverage buttons. The higher lows and tightening volatility scream 'spring coiling'—just as Wall Street starts pretending they invented candlestick patterns.

Market Mechanics at Play

This isn't some meme-fueled pump. Real volume accompanies the move, with OI spikes suggesting smart money positioning before the herd arrives. Of course, the usual suspects will claim they 'called it' after the fact.

Regulatory Ghosts Fading?

With the SEC lawsuit receding in the rearview, institutions finally have cover to build positions. Nothing moves markets like the absence of bad news—except maybe a banker's bonus tied to quarterly performance.

Bottom Line: XRP's playing a different game now. Either this breakout holds and we retest ATHs, or it's another brutal lesson in crypto's favorite pastime—false hope trading.

News Background

  • Middle East conflicts triggered renewed risk-off sentiment across markets, sparking liquidations across crypto. While top assets like Cardano and Solana posted over 1% declines, XRP has managed to hold ground — forming higher lows and carving out a new trading band in the $2.14–$2.18 zone.
  • This resilience comes as the Federal Reserve prepares to announce its next interest rate decision. With global economic policy increasingly fragmented, crypto traders are bracing for sharp moves across digital assets.
  • Despite broader caution, XRP’s recent behavior suggests underlying strength, with technical compression pointing to a potential breakout setup.
  • XRP’s long-term structure remains in focus. After nearly 200 days of ranging between $1.90 and $2.90, the token is testing the upper end of a descending channel on the USDT pair, with macro resistance near $2.60.
  • Analysts continue to debate whether this structure mirrors XRP’s 2017 price setup — a consolidation that preceded a 1,300% breakout.
  • Meanwhile, investor behavior is shifting. Glassnode data shows rising profit-taking activity averaging $68.8 million daily, even as Bollinger Bands narrow — a classic sign of pending volatility.

Price Action

XRP traded within a 3.81% range from $2.143 to $2.182 over 24 hours, with strong buying pressure defending support at $2.143 during the 07:00 hour, where volume spiked to nearly 50 million units. Resistance was tested repeatedly at $2.179–$2.182 throughout the day but held firm.

In the final trading hour, XRP fell from a local high of $2.181 to $2.167, a 0.7% drop that formed a new short-term descending channel. Volume surged to 1.7 million as support at $2.170 was breached, but price stabilized quickly and formed a higher low, preserving the broader uptrend structure.

Technical Analysis Recap

  • XRP posted a 3.81% 24-hour range, from $2.143 to $2.182.
  • Support held at $2.143–$2.147 with heavy volume during early session lows.
  • Resistance tested at $2.179–$2.182 multiple times, forming a clear upper boundary.
  • Price action appears to form an ascending channel with higher lows intact.
  • Late-session sell-off triggered by 1.7M volume spike at $2.170, but price recovered to $2.167.
  • Descending micro-channel formed in the final hour; broader trend remains bullish if $2.14 support holds.
  • Bollinger Bands tightening; RSI neutral at 52 suggests pending volatility.

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