XRP Price Prediction: Wedge Forms—$2.16 Breakout Could Be Coming

XRP trades near $2.16 amid legal clarity. Symmetrical triangle hints breakout. Explore bullish & bearish trade setups with key levels.

Written by: Maham Arslan • Monday, June 2, 2025 • 2 min read

Quick overview

XRP trades near $2.16 amid legal clarity. Symmetrical triangle hints breakout. Explore bullish & bearish trade setups with key levels.

XRP is holding at $2.16, up 0.81% in the last 24 hours. With a market cap of $126.6 billion, it’s still the 4th largest crypto. Trading volume is at $1.97 billion, steady despite market noise.

The buzz is due to Ripple’s legal saga taking a turn. The recent settlement of the SEC lawsuit against Ripple brought long awaited clarity to XRP’s legal status.

While Judge Torres’ 2023 ruling was a big milestone in confirming XRP’s non-security status for exchange sales, the recent developments are adding to that clarity and optimism.

Ripple attorney Bill Morgan’s strong rebuttal to the claim of “no legal clarity” for XRP shows the community is confident.

XRP/USD

XRP/USD Technical Outlook: Triangle Pattern Could Be a Breakout

Zoom in on XRP/USD chart and you’ll see a tightening triangle. Price is being squeezed between a down trending resistance line and an up trending support, a classic wedge. The 50 period EMA is at $2.17, capping upside, while support is building with higher lows.

XRP Price Chart - Source: Tradingview — XRP Price Chart – Source: Tradingview

Candle patterns are telling a story of market indecision. Spinning tops and doji candles are clustering at resistance, a breakout is brewing. MACD lines are near zero, a momentum shift is coming. Will it be bulls or bears that take control?

Key points:

Resistance: $2.17 EMA and down trending line
Support: Up trending line with higher lows
Breakout Levels: $2.18 for bulls; $2.15 for bears
Momentum Watch: MACD near zero, candlestick hints

Trade Opportunity: Trading the XRP Wedge

For traders, the XRP wedge is a simple setup. If price breaks above $2.18 with volume, expect a run to $2.23 or higher. A break below $2.15 could be a move to $2.11 or $2.08.

Here’s a plan:

Bullish Trade: Enter on a clean breakout above $2.18, target $2.23. Stop just below $2.15.
Bearish Trade: Short if price breaks below $2.15 with volume, target $2.11-$2.08. Stop loss just above $2.18.Wait for confirmation. Volume on the breakout or EMA crossovers. Don’t chase.

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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.