XRP (XRP) Price Prediction for July 11
2025-07-10 07:57:39
Main Idea
XRP's price surged over 12% to $2.44 following Ripple's custodial partnership announcement with BNY Mellon, breaking a year-long downtrend and facing potential resistance at $2.44.
Key Points
1. XRP price rose over 12% in 48 hours to $2.44 after Ripple announced a custodial partnership with BNY Mellon.
2. The price broke above a year-long descending trendline and is consolidating near $2.44, a key resistance level.
3. Derivatives data shows bullish sentiment with a 74.7% surge in volume, 10.2% rise in open interest, and 306% increase in options volume.
4. Technical indicators like RSI, MACD, and DMI suggest potential overextension risks, with support levels at $2.34 (EMA20) and $2.22.
5. A breakout above $2.44 could target $2.52–$2.58, while failure may lead to a pullback toward $2.34 or lower.
Description
XRP price rose over 12% in the past 48 hours, climbing to $2.44 following Ripple’s announcement of a custodial partnership with BNY Mellon. The move pushed XRP through a year-long descending trendline and into a major resistance band. Now, traders are watching to see whether momentum can sustain above $2.40, or if profit-taking sets in. What’s Happening With XRP’s Price? XRP price dynamics (Source: TradingView) XRP has broken decisively above the $2.25–$2.28 resistance zone and is consolidating ...
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