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XRP Jumps as Bulls Push Through Key Resistance Levels
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Shaurya Malwa
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By Shaurya Malwa, CD Analytics|Edited by Parikshit Mishra
Jun 17, 2025, 11:05 a.m.
- XRP rose 3.6% in the last 24 hours, peaking at $2.33 before stabilizing around $2.25.
- The token overcame resistance at $2.21, forming new support at $2.29, indicating bullish momentum.
- Speculation about a spot XRP ETF and large trades suggest institutional accumulation.
XRP
climbed 3.6% over the last 24 hours, peaking at $2.33 before settling near $2.25, as buyers capitalized on market volatility. The token overcame resistance at $2.21 and formed new support at $2.29, signaling renewed bullish conviction despite a brief pullback to $2.23.
Ongoing trade disputes between the U.S. and China continue to roil risk assets, yet XRP has held up better than many peers, reflecting confidence in its cross-border settlement utility.
STORY CONTINUES BELOW
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Recent central-bank divergences on interest rates have driven rotation into digital assets, with XRP benefiting from increased trading volume during major policy announcements.
Speculation around a spot XRP ETF, coupled with large block trades on major exchanges, suggests institutions are quietly accumulating, positioning for the next regulatory catalyst.
- XRP traded in a wide 7.5% range from $2.177 to $2.338, driven by heavy buying between 11:00–16:00 that powered the break above $2.21.
- • After surging, sellers pushed price back to $2.23 during the 22:00–23:00 session on over 100 million units traded, establishing a temporary floor.
- • Buyers re-entered aggressively in the final hours: a bullish burst at 01:32–01:33 lifted XRP from $2.247 to $2.255 on 1.6 million units.
- • A late-session reversal broke $2.250 support, carving out new support at $2.246 as momentum held firm.
- Resistance turned support: Cleared $2.21 convincingly, now testing $2.30 as the next hurdle.
- New support: $2.246–$2.29 zone confirmed by multiple tests.
- Volume profile: Heavy volume spikes during breakouts and pullbacks suggest high conviction on both sides.
- Pattern and targets: Price action aligns with a Fibonacci extension off the day’s low, pointing to $2.40 if current support holds.
Disclaimer: Portions of this article were generated with the assistance of AI tools and reviewed by CoinDesk’s editorial team for accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.
Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.
He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.
