BTCC / BTCC Square / Cryptonews /
XRP Breaks Through $2.38 Resistance—Traders Eye Next Price Targets as Momentum Builds

XRP Breaks Through $2.38 Resistance—Traders Eye Next Price Targets as Momentum Builds

Author:
Cryptonews
Published:
2025-05-17 14:58:01
4
1

XRP bulls are back in the driver’s seat as the asset claws past $2.38, flipping a key resistance level into support. Traders now watch for a potential push toward $2.75—or, if Wall Street’s usual ‘buy high, sell low’ logic kicks in, a swift reversal.

Technical indicators show bullish divergence, but skeptics note the crypto market’s uncanny ability to defy logic—just ask anyone who’s ever tried to short a meme coin.

✅.

2. Parties filed a motion to hold the appeal and cross appeal in abeyance✅

3. Parties file rule 62.1 motion asking for an indicative…

— bill morgan (@Belisarius2020) May 16, 2025

Ripple’s Chief Legal Officer, Stuart Alderoty, told investors that the setback doesn’t impact XRP’s legal standing.

A revised motion will be filed soon and then the parties can seek a limited remand to dissolve the injunction and finalize a $50 million penalty.

  • Settlement Agreement Signed
  • Motion for Indicative Ruling Denied (Procedural)
  • Parties Preparing Revised Filing

XRP Chart Eyes $2.38 Recovery Amid Channel Pressure

On the technical front, XRP price prediction remains slightly bearish. On the charts, XRP/USD is stuck in a descending channel on the 1-hour chart, with price consolidating at $2.35. The channel has clear lower highs and lower lows, meaning bearish control.

The 50-period EMA at $2.40 is capping upside, while MACD lines are below zero—no bullish momentum. Price just rejected the midline of the channel, so sellers are in control.

XRP Price Chart – Source: Tradingview

Whereas, on the lower side, $2.31 is acting as a key support. If broken with volume, XRP could go to $2.26 or $2.20. But if bulls defend this level and print a bullish engulfing candle above the EMA, we could see a recovery to $2.44 and $2.49.

  • Resistance: $2.40, $2.44, $2.49
  • Support: $2.31, $2.26, $2.20
  • MACD: Bearish, flat
  • Pattern: Descending channel with weakening bounces

BTC Bull Token Nears $6.84M Cap as 71% Staking Yield Drives Demand

As Bitcoin stabilizes above $102K, investor focus is shifting toward yield-generating altcoins—none more so than BTC Bull Token ($BTCBULL). The token has now raised $5.87 million out of its $6.84 million presale goal, with a price increase looming as it enters its final funding stretch.

What sets BTCBULL apart is its flexible staking model, offering an estimated 71% annual yield with no lockups or withdrawal penalties.

This approach gives investors the freedom to earn passive income while maintaining full liquidity—an attractive alternative to traditional DeFi staking protocols.

  • USDT Raised: $5,878,513.14 / $6,844,387
  • Token Price: $0.002515
  • Staking Pool: 1.47B BTCBULL
  • Yield: 71% APY

BTCBULL merges the viral appeal of meme tokens with the real-world utility of DeFi, making it a standout pick for those looking to capitalize on the 2025 crypto cycle.

With under $1 million left before the next price tier, entry at current levels is limited—fueling urgency among retail investors seeking early access to passive yield.

|Square

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users