XRP Steadies Near $2.14 as Markets Eye Major Economic Shifts
20 June 2025
XRP is holding firm near the upper end of its recent trading range, hinting at building bullish momentum as market volatility compresses ahead of significant economic updates.
The token, tied to Ripple, has established strong support between $2.14 and $2.15, backed by solid trading volumes, while resistance remains entrenched around $2.18. Technical indicators suggest XRP is consolidating within an ascending channel, possibly positioning for a breakout if broader market sentiment aligns.
Market Landscape
Geopolitical Headwinds: Escalating conflict in the Middle East has heightened risk aversion across global markets, triggering liquidations in crypto. Despite this, while other assets like Cardano and Solana have logged over 1% losses, XRP has managed to hold steady, maintaining higher lows and defining a narrower trading band between $2.14 and $2.18. Federal Reserve in Focus: Market participants remain cautious as they await the Federal Reserve’s next interest rate decision, with diverging global economic policies adding to uncertainty. Echoes of 2017: Some analysts see parallels to XRP’s 2017 price behavior, when a lengthy consolidation period eventually led to a dramatic 1,300% surge. Investor Activity Shifts: Data from Glassnode shows profit-taking in XRP averaging $68.8 million daily, while tightening Bollinger Bands signal the potential for a significant price move ahead.Price Action Snapshot
Over the past 24 hours, XRP has traded within a 3.81% range, fluctuating between $2.143 and $2.182. Early trading saw buyers step in forcefully at $2.143, driving nearly 50 million XRP in volume to defend that support level.
Resistance between $2.179 and $2.182 was tested several times during the day but held firm. In the final trading hour, XRP slipped from a high of $2.181 to $2.167—a 0.7% pullback—amid a spike in trading volume to 1.7 million units. However, the price swiftly stabilized, forming a higher low and preserving the broader upward trend.
Technical Highlights
XRP traded within a 3.81% range, from $2.143 to $2.182. Strong support held at $2.143–$2.147 amid significant early-session volume. Resistance at $2.179–$2.182 remains the key upper boundary. Price movement continues within an ascending channel, maintaining higher lows. A late-session drop driven by a volume surge at $2.170 briefly broke support before recovering to $2.167. A short-term descending channel formed in the final hour, though the broader bullish structure remains intact if $2.14 support holds. Bollinger Bands continue to tighten, while the RSI sits at a neutral 52, suggesting a potential uptick in volatility.As traders look ahead to pivotal macroeconomic developments, XRP remains a coin to watch, with technical signals hinting at a possible breakout if momentum gathers further strength.
