XRP’s price has surged beyond the $2.50 benchmark, capturing the attention of market enthusiasts and signaling a potential bullish wave on the horizon. As of today, July 11, 2025, the cryptocurrency has displayed a remarkable uptick, firmly establishing itself above the 100-hourly Simple Moving Average and forming a supportive trend line at $2.50. This movement hints at further gains, possibly breaching the $2.62 resistance level.
A Bullish Momentum Builds
XRP’s recent rally has been nothing short of exciting for traders and investors alike. The digital asset broke through the $2.50 mark after previously settling above $2.40—an encouraging sign when juxtaposed with similar upward trends seen in Bitcoin and Ethereum. The ascent didn’t stop there. The bulls successfully drove the price beyond the $2.450 resistance, reaching a new high at $2.5870. Subsequently, XRP has been consolidating its gains above the 23.6% Fibonacci retracement level, following a swing low at $2.250.
According to crypto analyst Sarah Thompson, “XRP’s ability to sustain above the $2.50 level is a testament to the underlying bullish sentiment. The key now is whether it can maintain this momentum and clear the $2.60 resistance.” This follows a pattern of institutional adoption, which we detailed in our analysis of Bitcoin, Ether, Solana, and XRP ETFs.
The hourly chart, sourced from Kraken, showcases a robust bullish trend line with support firmly anchored at $2.50. This support level could be pivotal if XRP is to continue its upward trajectory, with resistance levels at $2.5880 and $2.60 posing the next challenges. Should the bulls manage to overcome these barriers, XRP might well aim for the $2.620 and $2.650 levels, with some experts eyeing the $2.750 zone as a future target.
Market Speculations and Potential Pitfalls
Yet, the path ahead isn’t without its hurdles. A failure to surpass the $2.620 resistance could see XRP retrace its steps. Initial support is likely around the $2.50 mark, with a more significant safety net near $2.450. A breach below the latter could trigger a deeper descent towards the $2.420 support, aligning with the 50% Fibonacci retracement from its recent upward surge.
“Investors should be wary,” cautions financial strategist Michael Liu. “The market is volatile, and while the bullish indicators are promising, the resistance zones are formidable. A downturn is always a possibility if momentum wanes.”
On the technical front, XRP’s hourly MACD has shifted into bullish territory, while the RSI hovers above the 50 level—both signs that underscore the current optimistic sentiment among traders. Nonetheless, the market remains sensitive to broader economic factors and investor sentiment, which can shift rapidly.
Historical Context and Future Prospects
Looking back, XRP has experienced its share of ebbs and flows. The cryptocurrency market as a whole has been on a roller-coaster ride over the years, with regulatory developments, technological advancements, and macroeconomic events all playing roles in shaping its trajectory. XRP, in particular, has navigated these challenges with resilience. As explored in our recent coverage of Mercado Bitcoin’s initiative to tokenize real-world assets on the XRP Ledger, the platform’s adaptability continues to drive interest.
As July unfolds, the question remains: Can XRP maintain its upward momentum and break through critical resistance levels? The current climate suggests optimism, but seasoned investors know that the crypto market is as unpredictable as it is lucrative. Eyes will be on XRP as it attempts to solidify its standing above $2.50 and potentially pave the way for further gains.
In the coming weeks, XRP’s performance will provide crucial insights into the strength of this bullish wave. Whether it can capitalize on its current momentum and continue its ascent or face a correction remains to be seen. As always, market participants will keep a close watch, ready to adjust their strategies as the situation evolves.
Source
This article is based on: XRP Price Builds Momentum — $2.50 Break Sparks Fresh Bullish Wave
Further Reading
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- Crypto Traders Shrug Off Dormant Bitcoin Whale Moves, With Profit-Taking on XRP, DOGE, SOL
Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
