On June 28, 2025, XRP formed a falling wedge pattern on the daily chart against the U.S. dollar (XRP/USD). A falling wedge is a bullish reversal setup where price moves between two downward-sloping and converging red trendlines. It usually signals weakening selling pressure and may lead to a breakout in the upward direction.
If XRP confirms the breakout, the price may climb around 22% from the current level of $2.1977. That would target approximately $2.6584 as the next potential resistance zone.
Currently, XRP trades just below the 50-day Exponential Moving Average (EMA), which sits at $2.2080. To confirm the breakout, XRP must close above both the upper wedge boundary and the 50 EMA with strong volume. The measured move—the height of the wedge—was applied from the breakout point to estimate the target zone.
Volume is still modest but has started to rise. If momentum builds, XRP/USD may rally toward the $2.65 level. Keep watching the resistance zone and volume behavior in the next few daily candles.
XRP RSI Breaks Above Neutral Zone as Momentum Builds
Meanwhile, the Relative Strength Index (RSI) for XRP/USD rose above the neutral 50 mark and hit 51.25. The RSI is a momentum indicator that measures whether an asset is overbought or oversold. Readings above 70 suggest overbought conditions, while levels below 30 indicate oversold pressure.
Currently, the RSI line crossed above its 14-day moving average (yellow), which sits at 45.39. This crossover shows early bullish momentum and hints at growing buyer interest.
If RSI holds above 50, XRP may continue to gain strength. The RSI has stayed range-bound for months, but this upward break signals a possible shift in momentum in favor of bulls. A steady climb above 60 would confirm stronger upside momentum.
XRP Balance of Power Turns Bullish, Prints 0.86 on June 28
On June 28, 2025, XRP’s Balance of Power (BOP) indicator printed 0.86, a strong positive reading. The BOP shows who controls the market—buyers or sellers. Values near +1 suggest strong buying pressure, while values near -1 point to selling dominance.
This latest spike into bullish territory reflects clear buyer control. The indicator frequently swung between positive and negative since early 2025, showing indecision. However, this high BOP reading signals a potential momentum shift as XRP breaks out from its falling wedge.
If XRP sustains this buying strength, price may continue to push higher in the short term.
XRP MACD Turns Positive, Signals Early Bullish Crossover
The MACD for XRP/USD flipped positive, printing 0.00768 on the histogram. The MACD (Moving Average Convergence Divergence) tracks momentum shifts using two EMAs—12-day and 26-day—and shows their difference as a histogram. A crossover above the signal line often signals upside momentum.
Currently, the MACD line (blue) at -0.02264 is rising and moving closer to the signal line (orange), which sits at -0.03032. The narrowing gap between the two lines shows decreasing bearish pressure and suggests a possible bullish crossover in the coming sessions.
If the MACD line crosses above the signal line with expanding green histogram bars, XRP may gain bullish traction. That would support the breakout move seen on the falling wedge chart.
Ripple Drops Cross-Appeal in SEC Case, Signals Legal Closure
On June 28, 2025, Ripple Labs confirmed it will drop its cross-appeal against the U.S. Securities and Exchange Commission (SEC), according to a statement by CEO Brad Garlinghouse. He announced the move on X, describing it as a step toward “closing this chapter once and for all.” Ripple expects the SEC to also drop its own appeal.
The update follows a June 27 court order rejecting a joint request from Ripple and the SEC. The motion had asked U.S. District Judge Analisa Torres to reduce Ripple’s $125 million civil penalty and lift an injunction related to institutional XRP sales. The judge declined, citing no grounds to revisit prior decisions.
Garlinghouse emphasized that Ripple would now return focus to its broader mission—building the Internet of Value. He framed the decision as a shift back to operational priorities after nearly four years of litigation.
Ripple’s legal team acknowledged the implications of the court ruling. Chief legal officer Stuart Alderoty explained that the company had two choices: dismiss the appeal or continue challenging the finding on past institutional XRP sales. Ripple chose to dismiss.
Alderoty stressed that the legal status of XRP remains unchanged. The court had previously ruled that XRP is not a security when sold on public exchanges, although certain institutional sales were classified as securities transactions under Article 5 of the Securities Act.
The SEC lawsuit, originally filed in December 2020, accused Ripple of raising $1.3 billion through unregistered XRP sales. In August 2024, Judge Torres imposed a $125 million fine—down from the SEC’s original $2 billion request.
If the SEC follows through with withdrawing its own appeal, the action would formally conclude a legal battle that has shaped U.S. crypto regulation since 2020.
