XRP’s Bullish Surge Amid Geopolitical Relief: Can the Rally Sustain?
XRP experienced a significant surge of over 11% following a temporary de-escalation in geopolitical tensions between Israel and Iran, as markets breathed a sigh of relief. The rally was further bolstered by a ceasefire announcement, which helped risk assets recover from recent sell-offs triggered by U.S. military actions. On-chain data indicates that mid-tier XRP holders (wallets holding 10,000-100,000 XRP) have been accumulating since late 2024, signaling growing confidence among investors. However, technical indicators suggest a potential reversal, urging caution despite the bullish momentum. As of July 2025, XRP's price action remains a focal point for traders navigating geopolitical and macroeconomic uncertainties.
XRP Surges Amid Geopolitical Truce, but Technicals Warn of Potential Reversal
XRP rallied sharply following a temporary de-escalation between Israel and Iran, gaining over 11% as risk assets rebounded. The ceasefire announcement by President TRUMP provided relief to markets still reeling from last weekend's sell-off triggered by U.S. military action.
On-chain data reveals mid-tier XRP holders (10,000-100,000 XRP wallets) have been accumulating since late 2024, increasing holdings from 6.8B to 7.3B tokens. This whale activity helped absorb selling pressure and fueled the recovery.
Technically, XRP found strong support between $1.82-$1.92 - a critical zone where its 50-week EMA converges with a descending triangle's lower boundary. While the geopolitical catalyst provided immediate upside, the chart pattern suggests caution remains warranted.
Is XRP Poised for a Significant Bull Run?
XRP is consolidating in a tight range between $2.12 and $2.18, hovering just above critical support at $2.14. A recent breakout above resistance at $2.21 saw the cryptocurrency briefly touch $2.33 before stabilizing near $2.25 amid heightened trading volume. Technical indicators suggest a potential bullish reversal, with momentum building as moving averages converge.
The prospect of spot ETF approvals has fueled optimism, with Polymarket odds ranging from 83% to 98%. Major asset managers, including Franklin Templeton and Grayscale, are vying for regulatory clearance. Historically, ETF approvals have catalyzed substantial market movements, raising speculation that XRP could target $2.50 in the NEAR term—or even $3 to $5 by 2025 if bullish momentum holds.
Failure to maintain support above $2.12, however, could trigger a decline toward $2.05 or lower. Ripple’s expanding ecosystem and institutional interest remain key drivers, but the market awaits decisive price action to confirm the next major move.
XRP Price Prediction Today: 24th June
XRP surged 14% in the past 24 hours, reclaiming the $2 threshold following a ceasefire announcement that eased geopolitical tensions. The rally marks a sharp reversal from last week's bearish trend, which saw prices plummet to $1.90 amid U.S. and Israeli military actions against Iran.
Technical indicators now suggest a short-term bullish shift, with the price breaking through the 20-day and 50-day EMA bands—a potential Change of Character (ChoCh) signal. Key levels to watch include $2.33 as resistance and $2.08 as critical support.
Trading volume stands at $5.15 billion, underscoring renewed market interest. The recovery aligns with broader crypto market resilience, though geopolitical developments remain a swing factor.
XRP Gold-Backing Claims Face Skepticism Amid Wild Price Predictions
A viral post by Ripple advocate RipplePumpkin has stirred controversy with claims that XRP could become gold-backed and reach $2,953 by Q3 2025—with even more speculative targets of $10,000-$35,000. The assertions hinge on an alleged financial system shift, but market veterans dismiss them as unrealistic.
XRP's fundamental utility lies in cross-border payments, making gold-backing conceptually contradictory to its decentralized design. Former Ripple developer Matt Hamilton previously debunked similar claims, citing XRP's fixed supply and ledger architecture as incompatible with commodity pegs. Analysts note that Gold tokenization on the XRP Ledger wouldn't inherently boost the asset's valuation.
The ongoing Ripple-SEC lawsuit further complicates these ambitions, with regulatory uncertainty continuing to overshadow XRP's market prospects. While the #XRPArmy's enthusiasm persists, the gap between community dreams and blockchain realities remains stark.
XRP Price Poised for Breakout as Symmetrical Triangle Nears Completion
XRP, the third-largest cryptocurrency by market capitalization excluding stablecoins, has entered a consolidation phase after a staggering 359.9% rally over the past year. The asset's performance has notably outpaced both Bitcoin and ethereum during this period.
Technical analysts are closely monitoring a developing symmetrical triangle pattern on XRP's daily chart, spanning 334 days of price action. This classic formation typically precedes significant breakouts, with historical precedents suggesting moves between 75% (Day 251) and 95% (Day 317) of pattern completion.
The most probable breakout window falls between early July and mid-September 2025. Market participants await decisive movement that could propel XRP toward either the $5 or $2 price targets, depending on breakout direction.
XRP Ecosystem Booms as Cloud Mining Gains Traction Amid Record Network Activity
XRP has surged 110% year-to-date, stabilizing at $0.72 as of June 22, 2025. The XRP Ledger's milestone of burning 14 million tokens and record-high active addresses coincides with Ripple's expansion into real-world asset (RWA) and central bank digital currency (CBDC) initiatives. This trifecta of developments has positioned XRPL as a preferred infrastructure LAYER for national stablecoin pilots.
BJMining, a UK-based platform serving 5 million users since 2015, now offers XRP-denominated cloud mining contracts. The service eliminates hardware requirements while promising daily payouts, creating a dual investment thesis for holders: capital appreciation coupled with yield generation. Transaction volume spikes suggest growing institutional use of XRPL for asset tokenization.
