XRP Holds Strong at $2.30 with Potential Breakout to $3 as Remittix Gains $15M Presale Momentum

XRP continues to hold a critical support level at $2.30, with technical indicators pointing toward a potential breakout to $3 if resistance at $2.78 is breached. The cryptocurrency has seen a 15% gain over the past 30 days, though recent price action suggests consolidation. Meanwhile, Remittix, a cross-border payments startup, has made waves with a successful $15 million presale, drawing significant market attention.

XRP Holds Key Support at $2.30 as Remittix Emerges with $15M Presale Momentum

XRP maintains a critical support level NEAR $2.30, with technical indicators suggesting a potential breakout toward $3 if resistance at $2.78 is breached. The asset has gained 15% over 30 days, though recent stagnation shows consolidation at current levels.

Meanwhile, cross-border payments startup Remittix has captured market attention with a $15 million presale raise. The project’s focus on transactional efficiency positions it as a potential competitor in the blockchain remittance space.

XRP Lawsuit: Judge Torres Denies Ripple and SEC’s Settlement Motion

Judge Analisa Torres has rejected a joint motion from Ripple and the SEC seeking approval for a proposed settlement structure in the long-running XRP lawsuit. The motion, filed as a request for an "indicative ruling," was dismissed as "procedurally improper."

Legal expert Fred Rispoli noted the court viewed the motion as an attempt to circumvent the stringent legal standards required to vacate the existing injunction and reduce Ripple’s financial penalty. "The parties fail to address the heavy burden they must overcome," Rispoli observed, suggesting the case may face further delays.

XRP Slips Under Key EMAs: Bearish Momentum Grows, $2.30 Support Critical

XRP faces mounting bearish pressure as its price dips below critical exponential moving averages, signaling weakening momentum. The token trades at $2.3686, down 0.53%, with $2.4633 now acting as formidable resistance on the 4-hour chart.

Technical indicators paint a concerning picture—the RSI languishes at 43.29 while the MACD’s fading signal suggests dwindling buying interest. Market participants are closely watching the $2.30 support level, a breach of which could accelerate downward movement.

This retracement follows May’s bullish surge, underscoring the cryptocurrency’s vulnerability to shifting market sentiment. The breakdown below both the 9 EMA and 21 EMA at $2.4005 confirms short-term bearish control, leaving traders questioning whether the digital asset can muster enough demand to stabilize.

XRP Price Prediction: Will XRP Remain Consolidated Below $2.5 Throughout Q2 2025?

XRP faces renewed bearish pressure after another rejection from a critical resistance level, threatening to derail its bullish momentum. Technical indicators suggest a potential downturn, though market sentiment remains cautiously optimistic. The token must hold key support levels to maintain any upward trajectory.

Recent on-chain activity reveals significant whale movements, with Ripple and Crypto.com transferring over $350 million worth of XRP to anonymous wallets. Such large-scale transactions often precede volatility, adding uncertainty to the price outlook.