XRP Faces Its Most Critical Test at $2.40 Resistance

XRP’s price action has captured the attention of the crypto market, as the token trades in a narrowing range just below the crucial $2.40 resistance. After a 15% rally to $2.21 from its recent low, momentum appears to be building. However, analysts caution that only a decisive break above $2.40 will confirm a true trend reversal.

Over the past 90 days, XRP has oscillated between $2.00 and $2.40, frustrating both bulls and bears. The 100-day simple moving average at $2.22 and the 200-day SMA at $2.40 have formed a formidable ceiling. According to CasiTrades, a popular XRP analyst, “momentum is back,” but the price must clear $2.25 and $2.69 retracement levels to establish a sustainable uptrend.

The coming weeks are critical. If bulls can maintain buying pressure and secure a weekly close above $2.40, the path to a multi-year high could open swiftly.

Historical Patterns Suggest a Breakout Is Imminent

Technical analysts are closely watching XRP’s symmetrical triangle pattern, which has been developing for nearly a year. Egrag Crypto, a widely followed market observer, notes that such formations typically resolve between 75% and 95% of their total duration. For XRP, that window falls between early July and mid-September 2025.

This historical precedent has fueled speculation that a significant move is on the horizon. Previous breakouts from similar structures have led to rapid, outsized gains for XRP, as seen during the 2017 bull run. The current consolidation phase, lasting 334 days, mirrors past cycles that preceded explosive rallies.

If history repeats, XRP could be poised for a dramatic upward move in the next three months, provided it can overcome the $2.40 resistance.

Did you know?
XRP reached its all-time high of $3.40 on January 16, 2018, during the last major crypto bull run. Despite regulatory challenges and market volatility, XRP remains one of the most widely held and traded digital assets globally.

Analyst Projections Point to Double-Digit Targets

Market sentiment among analysts is increasingly bullish. Egrag Crypto’s Fibonacci extension analysis places potential targets between $8 and $27 if XRP breaks out of its current range. Other respected voices, such as DustyBC Crypto, argue that “XRP under $2 is incredibly cheap,” urging investors to watch for significant appreciation over the next six months.

Mikybull Crypto, another prominent analyst, predicts a rally reminiscent of 2017, targeting $14 as a potential upside. These projections are not without risk, but they underscore the optimism pervading the XRP community.

The consensus is clear: a close above $2.40 could act as a catalyst, drawing in new buyers and accelerating the uptrend toward double-digit territory.

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The Role of Macro Resistance Levels in XRP’s Fate

While optimism abounds, technical resistance remains a formidable obstacle. The $2.22 and $2.40 levels, corresponding to the 100-day and 200-day SMAs, have repeatedly rejected bullish advances. Additionally, Fibonacci retracement levels at $2.25 and $2.69 represent critical hurdles.

CasiTrades emphasizes that clearing these macro levels with conviction is essential for confirming a true trend shift. Failure to do so could see XRP retreat to previous lows near $1.18, as bearish structures remain in play until invalidated.

For traders, the next several weeks will be a test of patience and conviction. Only a sustained move above resistance will signal that the consolidation phase is over.

XRP’s Breakout Potential Hinges on Overcoming $2.40

The crypto market is watching XRP with heightened anticipation. The $2.40 resistance is more than just a price barrier; it is a psychological threshold that could redefine the asset’s trajectory for the remainder of 2025.

A confirmed breakout would likely trigger a surge in trading volume and renewed interest from institutional investors. Conversely, another rejection could prolong the current range-bound action, frustrating bulls and emboldening bears.

As July approaches, all eyes are on XRP’s ability to break free from its symmetrical triangle and reclaim its place among the market leaders.