XRP Poised for Breakout After Prolonged Consolidation: Key Levels to Watch

XRP’s price action indicates a potential breakout after an extended period of consolidation. With technical indicators pointing to an imminent move, traders are closely monitoring key support and resistance levels. The cryptocurrency has been confined within a descending channel since its rejection at the $2.60-$2.80 zone, while holding critical support between $2.10-$2.30. A breakdown below this support could see XRP test $1.90, while a breakout above resistance may signal the start of a new bullish phase. As of May 23, 2025, XRP is trading at $2.346, presenting a pivotal moment for investors.

Ripple Price Analysis: XRP Nears Breakout After Prolonged Consolidation

XRP’s price action shows tightening consolidation against both USD and BTC pairs, with technical indicators suggesting an impending breakout. The cryptocurrency has been trapped in a descending channel since its rejection at the $2.60-$2.80 resistance zone, while maintaining crucial support between $2.10-$2.30.

Market structure reveals key levels to watch: a breakdown below support could test $1.90, while a decisive MOVE above resistance may target $3.20. The 100-day and 200-day moving averages currently provide underlying support, though momentum remains subdued awaiting a catalyst.

XRP Rally Stalls Under Key Resistance Amid Heavy Selling Pressure

XRP’s latest upward move has hit a wall below a critical technical level, with sustained selling pressure preventing a breakout. The digital asset remains pinned beneath its volume-weighted average price (VWAP) dating back to April 2021’s all-time high, currently acting as resistance NEAR $2.47.

Market analyst Dom (@traderview2) notes the persistent seller dominance across exchanges, particularly visible on Binance’s 12-hour charts. Despite a modest 2.08% gain to $2.4375, XRP has failed to maintain momentum above this key threshold since mid-May. The VWAP indicator continues its gradual descent, creating a dynamic ceiling for price action.

Order book analysis reveals overwhelming market selling that’s absorbing buyer demand. ’Passive buyers have real,’ the trader observed, suggesting limit orders aren’t sufficient to counteract the downward pressure. This technical stalemate comes as XRP struggles to regain its position among top-performing assets.

Ripple and Coinbase Vie for Circle Acquisition in High-Stakes Crypto Battle

Ripple and Coinbase are locked in a bidding war to acquire Circle, the issuer of USDC stablecoin, with offers reportedly exceeding $10 billion. While Circle may favor Coinbase due to their existing partnership, market speculation suggests Ripple could emerge victorious.

The potential acquisition casts uncertainty over Circle’s planned IPO on the New York Stock Exchange. The crypto community remains divided on which suitor holds the stronger position, reflecting the strategic importance of stablecoin dominance in the evolving digital asset landscape.

XRP’s Potential Rally: A Historical Perspective on Market Volatility

XRP’s price trajectory between November 2024 and January 2025 offers a compelling case study in cryptocurrency volatility. The asset surged from $0.50 to $3.40—a 580% gain—following political catalysts and market momentum. A $1,000 investment at the rally’s start WOULD have yielded $6,800 at its peak.

Such dramatic moves underscore both the opportunity and risk inherent in digital assets. While past performance never guarantees future results, XRP’s history of explosive rallies keeps it on traders’ radars. Market participants now watch for similar macroeconomic triggers that could ignite another price surge.

Ripple CEO Clashes With Senate Crypto Chair Lummis Over Canceled Meeting

Ripple Labs CEO Brad Garlinghouse publicly challenged Senator Cynthia Lummis after she canceled a scheduled meeting in Washington. The dispute erupted as Garlinghouse lobbied for the GENIUS Act and broader crypto market reforms.

Garlinghouse took to X to voice his frustration, accusing the Wyoming senator of avoiding dialogue. He proposed a public debate via X Space or at industry conferences, highlighting tensions between crypto leaders and policymakers.

Crypto Analyst Outlines XRP’s Path to $37 Amid Market Volatility

Egrag Crypto, a prominent market analyst, has projected a long-term bullish trajectory for XRP, targeting a potential rise to $37. The forecast hinges on historical price behavior and the interplay between the 21-week EMA and 33-week SMA, which have historically signaled key market turns.

While technical patterns support this optimistic outlook, bearish pressures persist, creating a tug-of-war between buyers and sellers. The analysis, shared via social media platform X, underscores the importance of moving average convergence in predicting XRP’s future performance.