Skip to content
Crypto News Focus logo CNF_CRYPTO_NEWS_FOCUS_LOGO 8

Crypto News Focus

your day to day crypto news site

Primary Menu
  • Home
  • News
    • Bitcoin News
    • Ripple XRP news
    • Ethereum News
    • Cardano News
    • Shiba Inu News
    • Pi Network News
    • More
  • Analysis
  • PR Desk
  • About Us
  • General Policy & Privacy
  • Guides
    • Bitcoin Guides
    • Pi Network Guide
    • Cardano Guide
  • Politics
  • Tech
  • Home
  • News
  • XRP Still Bullish Despite Sharp Rejection at $2.30
  • News

XRP Still Bullish Despite Sharp Rejection at $2.30

Cal Evans 1 July 2025
Ripple XRP
  • XRP briefly spiked to $2.30 in a fakeout move that highlighted strong buyer interest and underlying bullish sentiment.
  • Despite the pullback, support above key moving averages and improving RSI suggest a potential breakout ahead.

XRP recently surged to $2.30 in a sudden upward move before sharply retreating. While this fakeout disappointed short-term traders, it revealed an important bullish signal: buyers are still active and waiting for the right moment to enter the market.

Related: Can XRP Still Reach $100? 2025 Forecast Breaks Down the Math and Market Momentum

Brief Surge Unmasks Hidden Buyer Interest

After months of trading in a narrow range between $2.00 and $2.10, XRP managed to break above the 50, 100, and 200-day exponential moving averages (EMAs) for the first time in weeks. Although the breakout didn’t hold, the move to $2.30 was not meaningless. It came with a noticeable spike in trading volume, suggesting genuine market interest rather than thin liquidity manipulation.

XRP/USDT PRICE CHART FOR 24 HOURS PERIOD
XRP/USDT Chart by TradingView

More importantly, the rejection at $2.30 confirmed that bulls are still in play. The price action triggered significant activity from buyers and helped remove weaker hands from the market—a typical sign that a stronger push could follow.

Technical Indicators Show Strength

The Relative Strength Index (RSI), which hovered in neutral to bearish territory throughout June, recently broke into the mid-50s. This shift points to improving buying pressure and potential for upward movement.

In addition, XRP continues to hold above its 200-day EMA, a level that has acted as a reliable structural floor over recent months. Staying above this key support line indicates that the current trend still has bullish potential, even after the failed attempt to break resistance.

A Bullish Setup, But Resistance Remains

While the $2.30 level proved to be a temporary ceiling, its breach—however brief—demonstrates that the market is testing upper resistance. If XRP can reclaim and hold this level with volume, it could trigger a true breakout and end the consolidation phase.

For now, the asset remains range-bound, but the setup is tilting bullish. Traders and investors should watch for a confirmed move above $2.30, ideally with strong volume, before expecting extended gains.

Despite a sharp pullback after testing $2.30, XRP has shown signs of strength through volume surges and technical support. The fakeout may have laid the groundwork for a real breakout in the near future.

ALSO READ: XRP Price Prediction 2028: Can It Reach $12 or Drop to Zero?

DISCLAIMER:
The views and opinions expressed herein are solely those of the author  and do not necessarily reflect the views of the publisher. The publisher does not endorse or guarantee the accuracy of any information presented in this article. Readers are encouraged to conduct further research and consult additional sources before making any decisions based on the content provided.

Continue Reading

Previous: Chainlink Records $54.8M in Whale Transactions as Market Dips
Next: XRP Ledger Launches EVM Sidechain to Power Ethereum Dapps

Related Stories

Ripple XRP coins iMAGE AND ghost on the side
  • Analysis

XRP Whale Transfers 25.5 Million Tokens to Coinbase Amid ETF

Sean Williams 1 July 2025
Ripple XRP COINS
  • Analysis

XRP Eyes $3 as Price Tests Key $2.30 Resistance Zone

vivian 1 July 2025
XRP IMAGE
  • Analysis

XRP Climbs on Grayscale Filing, Bitcoin Falls on Regulatory Concerns

Jane Kariuki 1 July 2025

For general inquiries, please email us at Info@cryptonewsfocus.com

Crypto news focus is your day-to-day crypto news site. Get all the latest News and trends in the crypto, blockchain, and DeFi space. For more info and inquiries, reach out via email at info@cryptonewsfocus.com

You may have missed

Ripple XRP coins iMAGE AND ghost on the side
  • Analysis

XRP Whale Transfers 25.5 Million Tokens to Coinbase Amid ETF

Sean Williams 1 July 2025
Ripple XRP COINS
  • Analysis

XRP Eyes $3 as Price Tests Key $2.30 Resistance Zone

vivian 1 July 2025
XRP IMAGE
  • Analysis

XRP Climbs on Grayscale Filing, Bitcoin Falls on Regulatory Concerns

Jane Kariuki 1 July 2025
XRP coin
  • Analysis

XRP Ledger Launches EVM Sidechain to Power Ethereum Dapps

Dennis Gatheca 1 July 2025

Social Media

Crypto News Focus © All rights reserved | MoreNews by AF themes.
Go to mobile version
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok