After weeks of range-bound movement, XRP price is gaining momentum as it tests the upper trendline of a symmetrical triangle formation. XRP price today has moved above $2.26 with volume support and a clean break above short-term resistance at $2.24. Traders are watching this zone closely as the breakout attempt from the long-standing compression structure continues to unfold.
What’s Happening With XRP’s Price?
XRP has been trading inside a multi-month symmetrical triangle since its November 2024 peak near $3.60. This structure has compressed volatility into a tightening apex, now approaching its final phase. As of July 6, XRP has tagged the upper boundary of the triangle while holding above the rising support base at $2.05.
The daily TSI shows a shallow positive crossover forming, indicating the first early sign of momentum return. Meanwhile, Parabolic SAR dots have flipped below price action, further hinting that bullish control may be building. A breakout above the $2.30–$2.34 region would confirm the pattern and potentially open the path to $2.58 and $3.00.
Why Is The XRP Price Going Up Today?
Why XRP price going up today can be attributed to increasing technical momentum and localized demand zone absorption. The 30-minute chart shows a clean breakout above $2.24, which had acted as resistance across multiple sessions. Price surged into the $2.27–$2.28 region with expanding candles and strong bid follow-through.
Volume Profile and Smart Money Concepts (CHoCH/BOS) show that XRP has reclaimed market structure after a bullish BOS near $2.22. Liquidity zones between $2.20 and $2.24 were cleared quickly, suggesting a lack of sell-side pressure at those levels.
On the derivatives front, although daily volume dipped by 20%, open interest still rose by over 4% to $4.6B, indicating fresh positioning. Binance long/short ratios remain skewed bullish at 2.14 on accounts and 2.08 among top traders, reflecting a confident long bias.
XRP Price Action Signals Mid-Breakout Acceleration
The 4-hour Bollinger Bands show XRP expanding outside the upper band, confirming fresh directional strength. Price is now trading above the 20/50/100/200 EMA cluster, all of which are positively aligned — a textbook bullish signal. EMA20 sits near $2.22, reinforcing that zone as short-term support.
VWAP on the 30-minute chart also supports the breakout. XRP price is now above session VWAP ($2.23), and bands have opened wide, indicating strong price aggression and demand-side pressure.
RSI has moved sharply higher to 82.0 on the 30-minute chart, showing overbought conditions, which may cause a brief consolidation. However, momentum remains intact for now, and MACD continues to expand positively, offering no sign of bearish divergence at this stage.
XRP Price Prediction: Short-Term Outlook (24H)
With XRP price sustaining above $2.24 and pushing toward the triangle breakout zone, the next 24 hours may see a direct test of $2.34. A confirmed breakout above that level could trigger an impulsive move toward $2.58 — the February swing high — and eventually challenge the higher resistance near $3.00.
On the downside, support lies at $2.22 (prior range high and EMA confluence), followed by $2.05. If the triangle breakout fails and XRP closes back below $2.20, short-term bullish momentum would be invalidated.
Given the breakout attempt from the symmetrical triangle, supportive indicator structure, and long-heavy positioning, XRP price today looks primed for continuation — but traders should monitor $2.34 closely for breakout confirmation.
XRP Price Forecast Table: July 7, 2025
| Indicator/Zone | Level / Signal |
| XRP price today | $2.27 |
| Resistance 1 | $2.34 |
| Resistance 2 | $2.58 |
| Support 1 | $2.22 |
| Support 2 | $2.05 |
| Symmetrical Triangle Breakout | In progress above $2.26 |
| Bollinger Bands (4H) | Expanding, bullish confirmation |
| EMA Cluster (4H) | 20/50/100/200 EMAs stacked below |
| RSI (30-min) | 82.0 (Overbought, strong impulse) |
| MACD (30-min) | Expanding bullishly |
| Parabolic SAR (1D) | Bullish, dots below price |
| Smart Money BOS/CHoCH | BOS near $2.22, CHoCH cleared |
| Derivatives Open Interest | $4.6B (+4.18%), bullish bias |
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