XRP is once again in the spotlight, trading at $2.30 after a sharp 5% daily drop. Despite the recent pullback, interest in Ripple’s token remains high, driven by renewed speculation around a potential XRP ETF and ongoing market momentum.
The question now is: can XRP break through the $2.50 barrier — or is the rally running out of steam?
XRP Price Action: Support Holds but Bulls Are Hesitant
Over the past few weeks, XRP price has shown resilience, climbing from the $1.80 zone to nearly $2.60 before encountering strong resistance. The recent correction brings XRP back to the $2.30 level — a key support that, if broken, could trigger a deeper retracement toward $2.00.
Source: Tradingview
Technically, the $2.50 mark remains a critical psychological and structural resistance. If bulls regain control and volume returns, a retest of this level could be imminent. However, bearish divergence on momentum indicators suggests caution is warranted.
ETF Buzz Sparks Optimism — But Regulatory Uncertainty Remains
Fueling investor excitement is growing chatter around a potential XRP ETF, with reports of a 72% probability of approval according to market analysts. This comes in the wake of the SEC’s softened stance on crypto-based ETFs, following the greenlighting of multiple Bitcoin and Ethereum spot products earlier this year.
Still, nothing has been confirmed. And with Ripple still navigating legal ambiguity in the U.S., regulatory risks could delay or derail ETF-related momentum.
Whale Activity and Market Positioning
Despite short-term price weakness, on-chain data reveals continued accumulation by large holders. XRP’s exchange reserves remain relatively low compared to 2023 levels, indicating a preference for long-term holding rather than active selling. Meanwhile, derivatives data show a growing number of leveraged long positions betting on a breakout past $2.50.
Final Thoughts: Is XRP Ready for the Next Leg Up?
XRP remains one of the most discussed altcoins heading into summer 2025. While ETF speculation and whale activity offer bullish signals, the technical rejection at $2.50 and broader market caution suggest that upside may be capped in the short term.If the ETF narrative gains traction — or if Ripple receives positive legal news — XRP could break out toward $2.70–$3.00. But for now, $2.50 remains the wall to watch.
