XRP price recovering from $2.20 support zone but faces resistance around $2.50
Trading below $2.550 and the 100-hourly Simple Moving Average
Leveraged long positions at $150 million signal bullish sentiment
Ripple CEO Brad Garlinghouse confirmed attendance at White House Crypto Summit
Technical indicators suggest potential for further gains if $2.70 resistance is cleared
XRP experienced a notable price surge recently, climbing 19% to reach $2.70 ahead of the highly anticipated White House Crypto Summit. This movement comes as part of a recovery wave that began near the $2.20 support zone.
The digital asset managed to climb above several key resistance levels including $2.40 and $2.50. However, sellers became active near the $2.64 mark, leading to a correction.
During this corrective phase, XRP broke below a bullish trend line with support at $2.55 on the hourly chart. The price dipped below the 50% Fibonacci retracement level of the upward move from $2.211 to $2.639.
Currently, XRP trades below both the $2.55 level and the 100-hourly Simple Moving Average. The first major resistance sits near $2.535, followed by $2.64.
If buyers can push the price above $2.64, we could see XRP move toward $2.72. Further gains might target the $2.80 level or even approach $2.85 in the near term.
On the downside, initial support exists around $2.425. The next major support level is near $2.375, which coincides with the 61.8% Fibonacci retracement level of the recent upward move.
A breakdown below $2.375 could send the price toward $2.32, with the next major support at the $2.20 zone. Technical indicators show mixed signals, with the MACD losing momentum in the bullish zone and the RSI falling below the 50 level.
Derivatives markets reveal strong bullish sentiment among traders. Leveraged long positions have reached $150 million, outpacing short positions which stand at $115 million.
This leverage differential indicates that traders are betting on further upside potential. However, it also introduces liquidation risks if the market experiences unexpected volatility.
The upcoming White House Crypto Summit represents a key event for XRP. Ripple CEO Brad Garlinghouse has confirmed his attendance at this high-profile gathering, which will be led by Trump’s AI and Crypto Czar David Sacks.
Other industry leaders participating include Coinbase CEO Brian Armstrong and MicroStrategy’s Michael Saylor. Discussions will focus on regulatory frameworks and a proposed U.S. crypto reserve.
Technical Analysis
XRP has outperformed Bitcoin ahead of the summit, with XRP gaining 19% while Bitcoin dipped 4%. This performance gap reflects investor optimism about the summit’s potential impact on Ripple’s future.
Analysts suggest that a breakout beyond $3 could occur if policy discussions favor digital asset integration into financial markets. Some bullish projections even target a $5 price point if momentum continues to build.
Technical analysis supports the bullish case. The Parabolic SAR dots remain positioned below the price action, confirming the prevailing uptrend. Meanwhile, the MACD histogram shows expanding green bars, signaling strengthening momentum.
A decisive close above the $2.70 resistance zone could set the stage for XRP to retest the psychologically important $3 level. This mark previously served as resistance following Trump’s crypto reserve announcement.
If buyers maintain control and push past $3, XRP could potentially extend its breakout toward the $5 mark in the coming weeks. However, failure to hold above $2.60 may invite selling pressure.
In this scenario, XRP might retest the $2.10 support level, where buyers previously stepped in to fuel the recent surge. As the White House Crypto Summit unfolds, regulatory developments will likely influence XRP’s next major move.
With the current momentum favoring bulls, XRP appears positioned for continued upward movement, contingent on favorable policy outcomes from the summit.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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By Nermeen Nabil Khear 
