XRP has surged 11% in the last 24 hours, reclaiming its position above the $2 threshold amid a backdrop of global unrest. This impressive rally follows a volatile weekend marked by geopolitical tensions, particularly involving U.S. and Israeli military actions in the Middle East, which briefly saw the cryptocurrency dip below crucial psychological support levels. Now perched at $2.17, XRP is eyeing fresh resistance levels, with robust trading volumes suggesting a strong defense at $1.97.
Geopolitical Backdrop and Market Dynamics
In a world increasingly shaken by geopolitical instability, cryptocurrencies like XRP are proving remarkably resilient. The latest uptick in XRP’s price unfolds against a background of heightened tensions involving Iran, Israel, and the United States. Despite this volatile context, XRP has demonstrated notable strength, attracting significant attention from traders and investors alike. As explored in our recent coverage of XRP leading crypto majors gains amid Israel-Iran tensions, the cryptocurrency market is navigating these challenges with varying degrees of success.
The surge in trading volumes, particularly at the $1.97 mark, catalyzed a momentum-driven breakout, peaking at $2.173. According to market analyst Jenna Lee, “The reaction from buyers at these levels underscores a bullish sentiment that could propel XRP to even greater heights.” However, it’s not all rosy. Some experts caution that a 25% correction to around $1.55 is still on the table if certain support levels don’t hold.
Mixed Sentiments and Institutional Activity
The sentiment in the XRP market is currently divided. While some analysts are optimistic, predicting a possible run towards $6 by the end of June 2025, others remain wary of potential pullbacks. What’s particularly intriguing is the role of institutional investors in this dynamic. Elevated futures open interest and volume, along with on-chain data, indicate that institutional players are actively accumulating XRP, rather than distributing it. This suggests a level of confidence in XRP’s long-term bullish trajectory.
“The institutional interest we’re seeing is a key indicator,” notes crypto strategist Max Tan. “It points to a sustained accumulation phase, which could underpin further price advances.” The $2.13–$2.15 zone has emerged as a crucial support range, with the broader market structure appearing positive should this level hold.
Price Action and Technical Indicators
Over the past day, XRP has climbed from $1.967 to $2.173, marking a significant 10.5% range. The rally was most pronounced late in the trading session, with a decisive breakout occurring around 22:00, accompanied by a volume spike of 217 million—nearly triple the average. This activity has established $2.06 as a formidable resistance point.
Buyers initially made their presence felt at $1.97 around 17:00, with 130 million in volume setting the stage for the surge. Since then, XRP has consolidated above $2.13, with the $2.154–$2.156 zone now acting as a key support level fiercely defended by bullish traders. In the last hour, XRP experienced a brief 1.7% pullback but quickly rebounded, closing near its highs with a 1.2% gain. Peak volumes during upward movements, totaling 748,000 units, suggest accumulation is driving the price action rather than distribution.
Looking Forward: Opportunities and Uncertainties
As XRP navigates these choppy waters, the path forward remains uncertain yet promising. The cryptocurrency’s recent performance has raised questions about its ability to maintain this upward momentum. Will the bullish sentiment persist, or will market corrections bring it back down to earth? The coming weeks will be crucial in determining whether XRP can break through its current resistance levels and aim for the ambitious $6 target. For a broader perspective on how geopolitical tensions are affecting the crypto market, see our analysis of Dogecoin and other meme coins.
For now, traders and investors are keeping a close watch on technical indicators and institutional activities that could signal the next big move. The market’s response to ongoing global events will undoubtedly play a pivotal role in shaping XRP’s trajectory. As June 2025 unfolds, the crypto world will be watching closely to see if XRP can sustain its momentum and continue its ascent amidst the swirling uncertainties of the macroeconomic landscape.
Source
This article is based on: XRP Jumps 11% With Eyes on $2.20, Analysts Split on What’s Next
Further Reading
Deepen your understanding with these related articles:
- Bitcoin Rebounds as Markets Price in ‘Short-Lived’ Iran Conflict
- Crypto Daybook Americas: Bitcoin Holds Above $100K as Iran, Israel Trade Blows
- Bitcoin Bounces to $106K After Iran-Israel Jitters, but Analysts Warn of Deeper Pullback
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.
