XRP Breaks Out Above $2.20 With Triple Volume Surge

XRP pushed decisively above $2.20 resistance in the latest session, gaining nearly 2% on the back of surging trading volume and improving macro conditions. After days of subdued action, the token surged 1.56% in the final hour of trading, backed by more than triple its 24-hour average volume — suggesting renewed conviction among buyers and a possible shift in trend momentum. News Background The breakout comes amid a rare bout of calm in global markets following ceasefire announcements across key geopolitical flashpoints, including Iran and Israel. Markets had been jittery for weeks as risk assets reeled from rising tensions, with XRP dropping to as low as $1.90 before staging a 14% recovery in recent sessions. Technical analysts note that XRP has broken out of a descending wedge pattern and is now testing new support near the $2.22–$2.23 zone. The move was bolstered by heavy buying during the 13:00 UTC hour on June 25, when volume spiked above 107 million XRP. That surge included several sharp intra-hour bursts, including a 1.63% rally on 7.8 million volume at 13:18 and a 13-million-unit spike at 13:44 that confirmed the breakout. This move also repositions XRP within a long-form symmetrical triangle pattern that’s been forming for 334 days. With technical compression nearing its limit, some analysts now eye an upside breakout into the $5–$10 range — if momentum can be sustained into Q3 2025. Price Action XRP traded within a $0.04 range over the last 24 hours, from $2.19 to $2.23. The most decisive action occurred during the 13:00–14:00 UTC hour on June 25, when XRP surged from $2.19 to $2.23, closing the hour near session highs with strong volume support. Support has now formed near $2.22–$2.23, with sellers unable to push prices meaningfully lower despite earlier whale activity, including a $58 million transfer to Coinbase. Traders are watching whether this zone can hold and potentially serve as the launchpad for a fresh leg higher. Technical Analysis Recap • XRP gained 1.78% over 24 hours, from $2.19 to $2.23 • Triple-average volume breakout during 13:00 UTC hour—over 107M XRP traded • Breakout confirmed by back-to-back spikes at 13:18 (+1.63%) and 13:44 (+13M volume) • New support formed at $2.22–$2.23, following strong hourly close above resistance • Long-term symmetrical triangle now 334 days old, with breakout window narrowing • RSI and MACD indicate rising bullish divergence; $2.14 was previous key resistance

Source: CoinDesk