XRP Bulls Eye $2.35 Amid Volatility — Key Levels to Watch

XRP recently showcased significant volatility, surging past $2.250 and testing $2.35 before retracing to below $2.30. As of July 9, 2025, the cryptocurrency is navigating critical support at $2.240, with immediate resistance near $2.288. A decisive breakout above this level could reignite bullish momentum, potentially pushing XRP toward the $2.35 target. Notably, XRP outperformed Bitcoin and Ethereum during its upward move, though bears aggressively defended the $2.35 zone. The breakdown of a bullish trend line at $2.2650 suggests possible consolidation ahead. Traders are closely monitoring these key levels to gauge whether bulls can regain control and sustain upward momentum.

XRP Price Pops and Drops — Can Bulls Regain Control?

XRP surged past $2.250, testing $2.35 before retreating below $2.30. The cryptocurrency now faces critical support at $2.240, with resistance looming NEAR $2.288. A decisive break above could reignite bullish momentum toward $2.35.

Market activity shows XRP outperforming Bitcoin and ethereum during its ascent, though bears defended the $2.350 zone aggressively. The breakdown of a bullish trend line at $2.2650 signals potential consolidation before the next directional move.

Traders watch the 100-hourly Simple Moving Average as a key indicator. The 50% Fibonacci retracement level from $2.205 to $2.353 now serves as a battleground between buyers and sellers.

Analyst Predicts XRP Could Reach $50 Amid Institutional Adoption and Regulatory Milestones

Ripple's XRP is charting a path toward unprecedented price levels, with analyst Vincent Van Code projecting a $50 target based on emerging market signals. The token's institutional adoption trajectory, particularly through RippleNet's expansion into cross-border payments, forms the Core of this bullish thesis.

Regulatory clarity appears pivotal. Van Code highlights potential SEC approval of XRP spot products as a catalyst, alongside Ripple's growing role in central bank digital currency (CBDC) infrastructure. The 2026-2027 timeframe emerges as critical for these developments to materialize.

Market infrastructure developments complement this outlook. Master account approvals and RippleNet capturing 20-30% of cross-border payments could create sustained demand pressure. "There's no stopping XRP until $50," Van Code asserts, pointing to these converging factors.

XRP Rallies 4.5% to $2.35 as Institutional Interest Drives Trading Volume

XRP surged 4.5% to $2.35 during peak trading hours, with volume exceeding 182 million tokens. The cryptocurrency has established strong support between $2.25 and $2.26, while analysts eye a breakout above the $2.38 resistance level.

Institutional demand appears to be accelerating, with Grayscale adding XRP to its Digital Large Cap Fund for the first time since regulatory restrictions were lifted. Ten spot ETF applications for XRP now await SEC approval, with decisions expected by October.

Market dynamics favor XRP despite global trade tensions suppressing risk assets. Regulatory clarity surrounding Ripple Labs' banking charter pursuit and the potential ETF approvals are creating a bullish narrative for the token.

Analyst Predicts XRP Breakout as Inverse Head and Shoulders Pattern Emerges

XRP has been consolidating between $2 and $2.3 for weeks, but a bullish technical pattern suggests an imminent breakout. crypto analyst Ali Martinez identifies an inverse head and shoulders formation—a classic setup that could propel Ripple's token 12% higher to $2.60 if it clears the $2.33 resistance level.

Martinez, followed by 140,000 traders on X, emphasizes that most market participants will miss the coming move. The last time XRP approached these price levels was in early May, following two months of range-bound trading. Other commentators echo the optimistic outlook, though sustained momentum requires conquering key resistance zones at $2.33 and $2.38.

XRP Rallies 4.5% Amid Volume Surge and ETF Optimism

XRP surged 4.5% between July 7 and 8, peaking at $2.35 before settling near $2.26. The rally was driven by a spike in trading volume, with over 182 million XRP exchanged during peak hours. The most significant price movement occurred between 13:00 and 16:00, pushing XRP from $2.25 to $2.35 before profit-taking pulled it back to the $2.26 support level.

Technical resilience remains strong despite broader market hesitation. The $2.25–$2.26 zone has solidified as a support level, repeatedly absorbing late-session sell pressure. A 2% rebound in the final hour, fueled by a burst of 1 million units traded around 04:29, underscored persistent buyer interest.

Institutional confidence is returning as Grayscale re-added XRP to its Digital Large Cap Fund. Regulatory clarity looms with ten spot XRP ETF applications under U.S. review, decisions expected by October. Ripple’s pursuit of a U.S. bank charter further bolsters bullish sentiment.

Analysts eye $2.38 as critical resistance. A decisive breakout could propel XRP toward $3.40, a key target in its current bullish setup. Strong on-chain metrics and growing institutional interest suggest sustained upward momentum.

Ripple Pursues U.S. Banking License Amid Stablecoin Regulatory Push

Ripple Labs Inc. is seeking a U.S. banking charter from the Office of the Comptroller of the Currency, a strategic MOVE to align with impending federal oversight for stablecoin issuers. CEO Brad Garlinghouse framed the application as a "new benchmark for trust" in the sector, emphasizing dual state and federal supervision through New York's Department of Financial Services and the OCC.

The blockchain firm's pivot mirrors Circle Internet Financial's recent regulatory positioning. Approval would grant Ripple direct access to Federal Reserve reserves for its RLUSD stablecoin—a safeguard Garlinghouse claims would "future-proof" market confidence. The bid coincides with Congressional efforts to formalize stablecoin rules, marking a departure from earlier adversarial banking relationships.