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The XRP price pumped 8% in the last week, despite dropping a fraction of a percentage in the past 24 hours, to trade at $2.17 as of 2:57 a.m. EST, with a 33% rise in trading volume to $1.4 billion.
This comes as the US Securities and Exchange Commission (SEC) vs Ripple case is set to be in the spotlight this week, amid hopes the SEC will withdraw its appeal against Judge Torres’ Programmatic Sale of XRP ruling.
On June 27, Ripple announced its plans to drop its cross-appeal.
XRP Price Gearing Up Towards A Breakout
The XRP price is showing strong technical structure as it continues to trade within the boundaries of a falling wedge pattern, a bullish reversal signal.
The Ripple token price recently bounced near the $2.00 level and is now attempting to break out above the wedge’s upper boundary.
Currently, XRP remains well above the 0.5 Fibonacci level at $1.95 and is now testing the 0.382 level around $2.29, a crucial pivot zone, as GeckoTerminal data shows.
The 50 Simple Moving Average (SMA) on the 3-day chart at $2.27 is acting as dynamic resistance, with the price of XRP hovering just below it. A successful close above this SMA would reinforce bullish sentiment.
Meanwhile, the 200 SMA at $1.23 sits well below the current price, acting as a long-term support.
The Relative Strength Index (RSI) is currently at 48.09, indicating neutral momentum but hinting at potential upside if it moves above the 50 midpoint.
Furthermore, the Moving Average Convergence Divergence (MACD), although still in bearish territory, is showing signs of convergence, which could precede a bullish crossover if upward pressure continues.
If XRP confirms a breakout above the falling wedge resistance and the $2.30 level, the projected move targets the $2.71 area (0.236 Fibonacci level), a potential 25% rally from current levels.
Conversely, if the bears take charge of the asset at this level, the 0.5 Fib level at $1.95 acts as a key support zone.
Meanwhile, investors are piling into a new Bitcoin-themed meme coin called BTC Bull Token (BTCBULL), which will give token holders free BTC.
Jacob Crypto Bury, a prominent YouTuber with over 56.9k subscribers, says BTCBULL has the potential to soar 10X after launch.
BTC Bull Token Presale Amasses Over $7.7 Million – Offers Last Chance To Buy
BTC Bull Token is a new meme coin built around the strength and popularity of Bitcoin. Unlike most meme coins, it offers real rewards to investors.
Every time the price of Bitcoin hits certain milestones for the first time, the BTCBULL project will reward holders with BTC airdrops.
The first target to trigger a BTC airdrop is $150K, followed by additional ones for every new $50K milestone Bitcoin achieves after that.
A huge BTCBULL Token airdrop also awaits the strongest hodlers when BTC hits $250K, weighted by the participant’s Community Sale purchase amount.
Beyond the Bitcoin rewards, the project also incorporates token burns that kick in when BTC reaches $125K for the first time, and repeat for every new $50K milestone after that.
By reducing supply, the burns put upward pressure on the BTCBULL price.
Last chance to buy BTCBULL before launch! 🐂🧨
The countdown ends on June 30th. ⌛
Here’s what’s coming:
🔥 BTCBULL token burns
🪂 BTC airdrops at price milestones
🎁 BTCBULL airdrop when Bitcoin hits $250KJoin the herd: https://t.co/FQZXEzFwWu pic.twitter.com/aeUmLJcSOC
— BTCBULL_TOKEN (@BTCBULL_TOKEN) June 2, 2025
BTCBULL holders also have an opportunity to earn passively through the project’s staking platform, which offers a massive 52% annual percentage yield (APY).
With over $7.78 million invested and the presale entering its final days, this is the final chance to grab BTCBULL tokens at presale prices. The project has drawn a surge of investors, and the opportunity to buy before claiming opens is quickly closing.
Investors interested in participating in the presale can visit the official BTC Bull website to buy BTCBULL tokens for $0.002585 each using BNB, ETH, USDT, or a bank card.
If you would like to join investors who have already invested more than $7.78 million into BTCBULL, you have just a few days left before the ICO ends and the claims process kicks off.
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