XRP Price Prediction: $2.17 With 10% Weekly Loss—Will Ripple News Spark a Breakout?

Quick overview

XRP is at $2.17, down 1.23% today and 10% in the past week. It hit a technical level after breaking the upward trendline and showing multiple sell signals on the daily chart. Market was hoping after CME Group approved XRP futures but price action tells a different story. Strong momentum and sharp rejections indicate bearish pressure building up.

Ripple posted a cryptic video on X (formerly Twitter) hinting at big plans but left investors guessing. The video features Wall Street’s Charging Bull and Marunouchi station near Tokyo’s financial district. Is Ripple planning a major cross-border finance announcement? Market is buzzing but details are scarce.

• XRP down 10% in 7 days, $2.17 today
• $841 million liquidated market-wide, $30 million in XRP longs
• Ripple’s teaser video hints at NYSE or Tokyo Exchange move?

XRP at a Pivotal Decision Point

XRP/USD 1-hour chart is showing tightening tension. Price is trapped in a wedge formed by ascending support from May 31 and descending resistance from May 30. Rejection at $2.178 where the trendline meets the 50-period EMA suggests bullish hesitation. Shooting star candle here warns, 200-period EMA at $2.24 keeps the upside capped.

MACD is bearish but higher lows since May 31 indicates underlying buying. Break above $2.178 with volume could spark a move to $2.23 or $2.26. Break below $2.15 could send price to $2.11 or $2.08.

Key levels to watch:

• Support: $2.15, $2.11, $2.08
• Resistance: $2.178, $2.23, $2.26

XRP/USD Trade Setup: Wait for Breakout Signals

For newbies, this is a classic wedge setup. The key is to wait for confirmation:

• Bullish play: Break above $2.178 with volume and close above resistance, target $2.23. Set stop below $2.15.
• Bearish play: Break below $2.15 with bearish candles could go to $2.11 or $2.08.

Until the wedge breaks, market is range bound. Ripple’s teaser and CME futures is just added flavor, traders should be quick and let the charts decide.

ABOUT THE AUTHOR See More

Maham Arslan

Crypto News Writer | Blockchain & Web3 Reporter

Maham is a crypto news writer and market analyst specializing in breaking down the latest developments across blockchain, digital assets, and decentralized finance (DeFi). With hands-on experience covering high-impact stories—from regulatory shifts and token launches to macro-driven price movements—she delivers timely, accurate, and SEO-optimized content for fast-growing crypto media platforms. Her expertise lies in producing daily news reports, price predictions, technical summaries, and coverage of market-moving events. Maham tracks real-time updates across global newswires, X (Twitter), and on-chain data to provide actionable insights tailored for retail traders, crypto enthusiasts, and institutional readers. With a strong grasp of crypto fundamentals and Web3 trends, she delivers content that’s informed, accessible, and always on time.

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