- XRP’s breakout potential strengthens as price hovers above key $2.30 resistance zone
- Open interest surge to $1.8B signals rising trader confidence and bullish sentiment
- Heatmap shows $2.35 liquidation cluster, hinting at a major breakout if surpassed
Ripple’s XRP is showing strong signs of a potential breakout, stirring excitement among traders and investors. With the cryptocurrency trading at $2.357 as of June 4, 2025, analysts believe it could be gearing up for an explosive upward move.
This comes amid rising trading volumes, increased open interest, and strong technical signals forming on the charts. XRP has been coiling under a descending trendline, signaling that the market may be preparing for a shift in direction. If bullish momentum holds, the altcoin could soar to price levels that were once seen as overly ambitious.
Bullish Outlook
Crypto analyst EGRAG CRYPTO has outlined a compelling case for XRP’s next big move. In his two-week timeframe analysis, he identified three significant targets: $10, $18, and $27.
These levels, though lofty, are based on historical fractals and Fibonacci extensions. According to his chart analysis, XRP has already built a solid foundation. If the coin sustains above current levels, it may unlock a path toward double-digit pricing.
Besides technical indicators, sentiment also plays a crucial role. EGRAG noted that understanding chart signals can give investors a head start. Once XRP breaks certain resistance levels, the community must be prepared to act quickly to capitalize on gains. The call to readiness is not just about buying the dip, but knowing when to exit for maximum profit.
Key Resistance Zones to Watch
Another analysis by EGRAG CRYPTO highlights $2.30 as the immediate resistance to clear. This level has turned into a battleground between bulls and bears.
#XRP – Ready to Break Out 💥 (Target: $2.36):
— EGRAG CRYPTO (@egragcrypto) June 3, 2025
The first key level to watch is $2.30—a confirmed support zone to solidify the bullish case. ✅
Once this is claimed, the next major target is $2.65, which could signal stronger momentum and a clear bullish sign. 📈#XRPFamily STAY… pic.twitter.com/O3oKnsfnzY
If XRP holds above this mark, it may rise to $2.65, then possibly test $3.10 and $3.40 in the short term. Failure to stay above $2.20, however, could bring a retest of the $1.60 support.
The XRP/USDT liquidation heatmap further supports this outlook. There’s a cluster of liquidation activity between $2.15 and $2.36. The heavy liquidations around $2.35 indicate high-risk trading at this level. A push beyond this zone could flush out remaining bears and accelerate bullish momentum.
Market Dynamics and Open Interest Growth
XRP’s market structure also shows increasing trader interest. Open interest across perpetual contracts has risen by 1.73%, now totaling $1.8 billion.
Futures open interest jumped 11.87%, albeit from a smaller base. Binance and Bybit continue to lead with the highest volumes.
Significantly, XRP now holds a 2.56% share in the total market open interest. This suggests rising confidence and participation in its trading ecosystem.
