After multiple rebounds off the $2.05–$2.10 demand zone, the XRP price today is attempting a bullish breakout near $2.29, challenging a key descending resistance line that has capped rallies since March. A successful breakout above $2.30 could shift the broader structure, but bears are still defending this zone firmly. What’s Happening With XRP’s Price? XRP price dynamics (Source: TradingView) The daily chart shows XRP locked inside a large descending triangle since the April peak near $3.10. Despite this macro structure, price has steadily formed higher lows since early June, building pressure just below the critical $2.30–$2.35 resistance zone. ’XRP price dynamics (Source: TradingView) On the 4-hour chart, XRP price action has broken above a short-term falling wedge, with price surging from $2.12 to a local high of $2.2965. The move was backed by a bullish engulfing candle and sharp volume increase, bringing XRP directly into horizontal resistance. Supertrend on the 4H has flipped bullish at $2.17, and the EMA ribbon (20/50/100/200) now sits below the price, with the 20 EMA rising at $2.22. This alignment signals a potential shift in short-term trend control toward the bulls. Why Is the XRP Price Going Up Today? The primary reason why XRP price going up today is the sustained bullish momentum from the $2.10 demand zone combined with a strong funding market and derivatives interest. XRP price dynamics (Source: TradingView) The MACD on the 30-minute chart shows a clean bullish crossover, while RSI remains firm above 66, indicating sustained buying pressure but nearing short-term overbought conditions. However, there’s no divergence yet, suggesting strength remains intact. XRP price dynamics (Source: TradingView) Bollinger Bands have expanded sharply, with price now testing the upper band near $2.29. This volatility expansion indicates a possible breakout, though traders should watch for a fade if the price struggles at this level. XRP Derivative Aanalysis (Source: CoinGlass) On-chain derivatives data also reflect rising bullish sentiment. Open interest has surged +9.74% to $4.71B, while options volume is up +699.74%, confirming speculative interest. Long/short ratios across Binance and OKX favor bulls, with Binance’s account ratio at 2.03. XRP Price Momentum Builds as Indicators Align for Breakout XRP price dynamics (Source: TradingView) With XRP price volatility rising, several indicators are now aligning in favor of a breakout attempt. The DMI (Directional Movement Index) shows a rising ADX above 25, with +DI leading, confirming trend strength. Simultaneously, Parabolic SAR dots are now trailing below price, indicating bullish control on the intraday trend. XRP price dynamics (Source: TradingView) VWAP on the 30-minute chart is acting as short-term support at $2.26, while XRP continues to close candles above it—an early sign that momentum buyers are active. Funding rates remain modestly positive (0.0104%), suggesting the rally is not yet overly leveraged. Still, price remains within proximity of a major rejection zone. The $2.30–$2.35 area is marked by prior liquidity grabs and failed breakouts throughout Q2. A close above this region with volume would be needed to confirm a true breakout. XRP Price Prediction: Short-Term Outlook (24h) Over the next 24 hours, XRP price update expectations hinge on whether bulls can decisively breach the $2.30–$2.35 ceiling. If successful, the path toward $2.50 opens quickly, with intermediate resistance at $2.42. However, failure to break this key level may result in another dip toward the rising support trendline near $2.22, and potentially back toward the $2.15–$2.17 EMA cluster zone. The confluence of Supertrend support and horizontal bids at $2.17 provides a strong base for any pullback scenario. Traders should closely monitor the 30-min RSI and MACD for signs of cooling, especially with price nearing historical rejection territory. A rejection from $2.30 without follow-through could invite short-term profit taking. XRP Price Forecast Table: July 4, 2025 Indicator/Level Signal/Value XRP price today $2.29 Resistance Levels $2.30 / $2.35 / $2.42 Support Levels $2.22 / $2.17 / $2.10 RSI (30-min) 66.06 (Bullish, nearing overbought) MACD (30-min) Bullish crossover Bollinger Bands (4H) Expanding EMAs (20/50/100/200 – 4H) Bullish alignment below price Supertrend (4H) Bullish above $2.17 DMI (14) ADX > 25, +DI leading VWAP (30-min) Support at $2.26 Funding Rate +0.0104% (Stable bullish bias) Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.