XRP Price Check: Will Resistance Trigger a July Drop?

XRP's price dances near resistance. Will it break out or face a July drop? Examining key levels and expert insights for potential moves.

XRP's got the crypto world watching. After a wild ride, it's bumping up against some serious resistance. Will it break through, or are we looking at a potential July price drop? Let's dive into the charts and see what's shaking.

XRP's Tug-of-War: Bulls vs. Bears

Right now, XRP's trading around $2.26, playing footsie with that critical $2.15–$2.35 zone. Think of it as a crypto wrestling match – this area's been both support and resistance for weeks, with XRP getting bounced off a descending trendline since May. Now, it's trying to hold its ground above the zone it just broke out of. The bulls are trying to make a comeback, but sellers haven't disappeared yet.

The Bullish Scenario: Breakout or Bust?

Here's the exciting part: If XRP can stay above $2.15 and muscle past $2.35 with some serious volume, we could see a breakout. Traders love this breakout-retest-continuation pattern, especially on a 12-hour timeframe. The chart suggests a possible recovery toward the $3.10–$3.20 range if this bounce holds which would be a solid 35% move. A recent green candle showing gains right after the retest is a good sign, but it needs backup with a strong close above that resistance zone.

The Bearish Threat: A Potential July Drop?

Of course, there's always the flip side. If that $2.15 level crumbles, XRP could tumble back toward $2.00 or even $1.95. That recent rejection from the trendline reminds us that sellers are still lurking. There's a chance XRP could just keep bouncing around inside that $2.15–$2.35 range, consolidating before making its next move.

Looking Ahead: What's Next for XRP?

According to earlier analysis, XRP price has not displayed any major price action since the start of 2025; rather, it has remained consolidated below $2.8. The XRP price is finding strong support at the 50-day MA at $2.22, while a resistance is at the 200-day MA at $2.36. The token continues to remain within a massive bullish pattern and still has more room to consolidate as the apex is not nearby. Even if the price failed to rise above the resistance or face a pullback, the bulls could help the token to reach the apex of the decisive symmetrical triangle, with $2 being a strong base. Once the token reaches these levels, a breakout could be imminent.

My Two Satoshis

Personally, I'm cautiously optimistic. The chart setup looks promising, but XRP needs to prove it can sustain the momentum. Keep a close eye on those key levels – $2.15 and $2.35. A break above $2.35 with strong volume could signal a run toward $3.00. But if $2.15 fails, be prepared for a potential pullback. It might not reach the target of $5 in 2025, but the token may rise above $3.5 and try hard to reach $4, marking a new ATH.

So, there you have it. XRP's at a crossroads. Will it soar, or will it stumble? Only time will tell. But hey, that's crypto for ya – always keeping us on our toes!