Despite favorable ecosystem developments and broader market activity, XRP price remains range-bound between $2.264 and $2.319, consolidating with a 2.37% fluctuation.
By Bhushan Akolkar
Editor Hamza Tariq
Updated
2 mins read
Despite all the positive developments in the Ripple ecosystem, XRP price [NC] continues to lag behind while consolidating at around $2.3 levels.
Despite the altcoins market buzzing with activity following positive developments in the US-China trade deal, the Ripple cryptocurrency fails to react.
XRP traded within a narrow range of $2.264 to $2.319, reflecting a 2.37% fluctuation as market uncertainty persists. The cryptocurrency established a strong high-volume support zone between $2.273 and $2.280, attracting consistent buying interest from investors.
Renowned analyst Dark Defender has highlighted XRP’s potential for a significant breakout on the daily chart. According to the analyst, closing candles above $2.33 could pave the way for substantial upward movement in the token’s price.
Hi all! #XRP is on the verge of a breakout in the daily time frame.
We will see great moves above $2.33 candle closes!
RSI is Bullish, ✅
Exponential Moving Averages are Bullish!✅
Ichimoku Clouds, expected to turn Bullish ☑️We are ready for it.#XRPArmy #ripple pic.twitter.com/euiFudH2Et
— Dark Defender (@DefendDark) June 11, 2025
With XRP active addresses hitting a multi-month high, it could further serve as a catalyst for the breakout. Dark Defender further highlighted key indicators that align with the bullish momentum for XRP. This includes:
Popular analyst EGRAG Crypto believes there’s a strong chance XRP could break out soon, with charts suggesting a key catalyst may be just around the corner.
#XRP — Battle of the Battles! ⚔️
Why call it Battle of the Battles? Because we’re at a critical juncture — a major formation breakout. 📉📈 The probabilities are about 70-80% for an upside breakout, and 20-30% for a downside move.
The breakout is likely to be triggered by some… pic.twitter.com/Sd9o3pDLE5
— EGRAG CRYPTO (@egragcrypto) June 10, 2025
Despite the XRP price volatility, the Ripple ecosystem continues to make progress. Ripple continues to gain momentum with key regulatory approvals in Dubai and strides in stablecoin initiatives, such as RLUSD.
These developments provide a strong fundamental backdrop for the company, even as global market conditions remain uncertain.
Meanwhile, institutional-grade financial products are expanding on the XRP Ledger (XRPL):
The DCP initiative, administered by Guggenheim Treasury Services and tokenized through the Zeconomy platform, offers customizable maturities of up to 397 days.
Apex 2025: Digital Commercial Paper DCP is now live on the XRP Ledger. Administered by Guggenheim Treasury Services, one of the largest independent commercial paper platform managers in the world and powered by Zeconomy: https://t.co/Ic4YdUnNry
With $280M+ in issuance, DCP is…
— RippleX (@RippleXDev) June 10, 2025
Overall, while XRP’s price remains stagnant for now, growing on-chain activity and strong ecosystem fundamentals suggest a potential breakout may be nearing. Investors are watching closely for a decisive move above key resistance.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
