Traders Monitor XRP’s Key Support Zone for Signs of an Impending Surge

XRP Holds Steady Near $2.15 as Traders Brace for Potential Breakout Amid Global Uncertainty

XRP remains locked in a tight range near $2.15, consolidating between $2.13 and $2.18 as volatility subsides and a symmetrical triangle pattern begins to form—often a prelude to significant price swings.

Price action suggests XRP is in an extended accumulation phase, finding reliable support near the 38.2% Fibonacci retracement level drawn from its January highs.

Broader Market Context

Unlike many risk assets rattled by global trade tensions and mixed central bank policies, XRP has maintained a solid price floor following its sharp rally earlier this year that peaked near $3.39.
Ripple’s ongoing legal fight with the U.S. Securities and Exchange Commission remains a key overhang for investor sentiment. Talks of a potential settlement continue, while speculation over a spot XRP ETF keeps traders on alert. Although Franklin Templeton’s ETF application has been delayed, it remains active.
Ripple executives have recently claimed that XRP could capture as much as 14% of SWIFT’s transaction volumes, potentially opening up major institutional use cases.
Despite cautious sentiment across the crypto market, interest in Ripple’s cross-border payment solutions persists, and technical indicators hint at a significant move on the horizon.

Recent Price Action

XRP fluctuated within a narrow 24-hour band of $2.135 to $2.186, signaling that traders are awaiting a decisive breakout. A brief surge between 13:21 and 13:30 UTC pushed prices from $2.151 to $2.158 on elevated trading volume, suggesting renewed buying interest.

Afterward, XRP pulled back quickly to test support at $2.150, a level aligned with the critical 38.2% Fibonacci retracement zone, where buyers stepped in once more.

Technical Analysis Highlights

Over the past 24 hours, XRP traded in a tight 2.38% range between $2.135 and $2.186.
Firm support has developed around $2.133 amid above-average volume, while resistance remains capped near $2.186.
The current price channel between $2.150 and $2.165 reflects tightening consolidation typical of pre-breakout conditions.
Key Fibonacci support at $2.152 continues to hold firm.
A volume spike during the 13:21–13:30 UTC period established a short-term high at $2.158.
A rapid drop to $2.150 briefly tested support but rebounded swiftly to $2.152, underscoring persistent buying interest.
Momentum indicators, including RSI and MACD, remain neutral, indicating traders are waiting for a definitive catalyst.

As volatility compresses further, market participants are watching XRP closely for signs of either a breakout to the upside or a potential retracement in the coming days.