XRP price jumps 4% to surpass $2.20 resistance
XRP surged past the $2.20 mark on July 2, gaining more than 4% in 24 hours, according to market data from NewsBTC. The rally comes as XRP trades firmly above the 100-hourly Simple Moving Average, signaling renewed bullish momentum with analysts eyeing a move toward $2.30.
Technical indicators point to uptrend continuation
After rebounding from a low of $2.10 at the end of May, XRP has shown consistent strength. The price is now holding well above the $2.20 support zone, supported by a bullish trend line forming near $2.18. The Relative Strength Index (RSI) remains above 50, and the MACD has flipped bullish—both confirming upward pressure.
However, the next resistance levels at $2.25 and $2.30 could test bullish conviction. A failure to clear $2.30 may lead to a retracement toward $2.15, as warned by analysts.
Ripple’s OpenPayd partnership boosts sentiment
XRP’s bullish momentum is further supported by Ripple’s recent partnership with fintech platform OpenPayd. The deal will enable real-time EUR and GBP payments, reinforcing XRP’s role in cross-border financial infrastructure and enhancing investor confidence.
XRP trading volume nears $3 billion
XRP’s 24-hour trading volume has jumped to $2.98 billion, reflecting growing interest amid market-wide gains. The broader crypto sector is also in recovery mode, lending additional strength to XRP’s rally.
Investors are watching closely to see if XRP can break past the $2.30 resistance level. Regulatory developments could also influence momentum, particularly with the SEC’s closed meeting scheduled for July 3. Any signals from regulators may impact XRP’s next move.