XRP price has surged 355% year-to-date and is currently under significant pressure at a key resistance zone at $2.48.
XRP Technicals
The XRP price recently touched $2.21, flirting with the upper boundary of a descending triangle. The semi-breakout from the upper trendline is technically promising, but further confirmation is needed.
Token Unlock and SBI Movement
The unlock of 1 billion XRP tokens scheduled for July 1 is in motion. This is part of a regular monthly escrow release. Simultaneously, SBI Holdings transferred 320 million XRP (approximately $703 million) to a new wallet, sparking rumors of internal changes.
ETF Optimism and Wallet Activity
Bloomberg analysts have raised the odds of ETF approval for XRP-backed products to 95% by early 2026. Concurrently, there is an increase in the movement of dormant wallets, which may indicate profit-taking or fund reallocations.
The next 48 hours may be pivotal for XRP as it tests resistance levels. Interest in ETFs and the token unlock could significantly impact future price movements.
