XRP Shows Signs of Recovery Amid Market Challenges

XRP's price is displaying tentative signs of recovery after a recent dip below $2.00, though significant resistance levels continue to pose challenges. The cryptocurrency is currently facing immediate resistance near $2.020, with a key bearish trendline forming at this level on hourly charts. Market analysts highlight that the 100-hourly Simple Moving Average is acting as a ceiling, limiting upward momentum. Despite these hurdles, XRP found support at $1.910 before rebounding, marking a 23.6% Fibonacci retracement from its recent high. This development suggests potential for further recovery, but traders remain cautious as the asset navigates these critical technical levels. As of June 2025, XRP's performance remains a focal point for investors watching for breakout opportunities in the evolving crypto market.

XRP Price Finds Some Relief Amid Market Resistance

XRP's price shows tentative recovery signs after dipping below $2.00, though significant hurdles remain. The cryptocurrency faces immediate resistance NEAR $2.020, with a key bearish trendline forming at this level on hourly charts. Market observers note the 100-hourly Simple Moving Average currently acts as a ceiling.

The digital asset tested support at $1.910 before rebounding, marking a 23.6% Fibonacci retracement from its recent high of $2.178. Traders are watching the $2.050 level closely—a break above this resistance could signal renewed bullish momentum. The 50% Fibonacci retracement level coincides with this critical price zone, creating a make-or-break threshold for XRP's near-term trajectory.

BitGo CEO Declares XRP a Failure as Ripple Shifts Focus to Stablecoin RLUSD

BitGo CEO Mike Belshe delivered a scathing assessment of Ripple's XRP strategy during the Digital Banking 2025 conference, declaring the token's decade-long bid to become a bridge currency effectively dead. The proof? Ripple's recent launch of RLUSD, a US-dollar-backed stablecoin.

"Stablecoins are becoming the rails across the world," Belshe asserted, dismissing XRP's theoretical liquidity advantages. He traced Ripple's pivot to its flawed two-step conversion model for cross-border payments, where transactions required dollar-to-XRP and XRP-to-peso hops. "USD stablecoins are just better," he concluded, framing RLUSD as an admission of XRP's obsolescence.

The commentary surfaced during a broader discussion on banking access for crypto firms, where Belshe advocated for Federal Reserve master accounts. His remarks underscore the growing institutional preference for stablecoins over volatile bridge assets in global settlements.

XRP Price Prediction: Geopolitical Tensions Trigger Sell-Off Amid $2 Support Test

XRP plunged below the $2 threshold over the weekend as escalating Middle East tensions sparked a broad crypto market sell-off. Trading volumes spiked 41% amid liquidations exceeding $620 million, with the token briefly touching $1.91 before rebounding.

Despite bullish fundamentals including Ripple's legal victories against the SEC and the upcoming RLUSD stablecoin launch, XRP has struggled to maintain momentum. The price now faces a critical retest of $2.08 resistance-turned-support, with rejection likely triggering further downside.

Market participants appear to be discounting positive developments like USDC integration on Ripple's blockchain, focusing instead on macro risks. The token's January rally to near-ATH levels has given way to prolonged consolidation, with geopolitical volatility now dominating price action.

Expert Dismisses 2026 Delay Speculation in SEC vs. Ripple Case

Rumors of the SEC's lawsuit against Ripple Labs extending to 2026 were swiftly countered by legal experts this weekend. Pseudonymous trader 'Altcoin Bale' sparked the speculation with claims that a final decision could be delayed until late 2026, triggering rapid dissemination across crypto communities.

Bill Morgan, an Australian solicitor and longtime XRP commentator, dismissed the notion as improbable. His rebuttal hinges on procedural realities: Ripple and the SEC jointly filed a motion on 13 June requesting Judge Analisa Torres to dissolve last year's injunction and redistribute a $125 million civil penalty. The proposal includes returning $75 million to Ripple if the SEC accepts $50 million as settlement.

The Second Circuit's potential involvement adds weight to Morgan's assessment. Should Judge Torres signal approval, both parties WOULD seek limited remand to finalize the revised judgment and terminate appeals—a scenario that makes protracted litigation until 2026 unlikely.