
- 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.

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.