XRP Breakout Imminent: Whale Activity Surges Before Key SEC Decision

TLDR:

• XRP price consolidates near $2.65 resistance as whales accumulate during tight volume.
• Technicals show bullish RSI and EMA alignment with price holding above $2.33.
• Ripple vs SEC ruling expected by June 16 could trigger major price volatility.
• Targets above $2.65 include $3.00, $8.00, and $13.00 if a bullish breakout occurs.
  

XRP price action lately has the token consolidating near a critical resistance zone ahead of June 16. Market watchers are closely monitoring the $2.65 level, with a potential breakout signaling a new bullish phase. 

Recent trading activity shows whale accumulation, tightening volume, and favorable technical indicators supporting upward momentum. 

Sentiment has also turned as investors await the upcoming Ripple vs. SEC ruling, which may strongly influence XRP’s price direction. With the price holding above $2, the coming days may decide whether XRP breaks higher or corrects lower.

XRP Price Nears Resistance Amid Volume Squeeze

XRP price is currently trading at $2.31, according to CoinGecko data, following a steady climb from $2.09 earlier in the week. 

XRP price on CoinGecko

The token has remained within a range, hovering between $2.27 and $2.32 over the last 24 hours. Volume remains tight, and trading activity shows signs of whale accumulation.

Analyst Crypto Patel pointed out a clear resistance at $2.65 and a key support level aound $2. He noted that the price has been consolidating within this band. A breakout above resistance could push XRP toward $3.00, and potentially beyond.

$XRP Breakout Watch — Will June 16 Trigger a Bull Run?#XRP is holding above the key $2 support.
👉 A breakout above $2.65 → $3.00 is in play.
👉 Whale accumulation rising. Volume tightening.
👉 Ripple vs SEC ruling expected soon.

Targets if bullish: $3 → $8 → $13 🚀… pic.twitter.com/sMZr7dchoD

— Crypto Patel (@CryptoPatel) June 11, 2025

On the technical side, momentum indicators are turning positive. Analyst Dark Defender highlighted a bullish RSI and strong positioning of exponential moving averages. 

He noted that Ichimoku Cloud signals are also expected to shift bullish, aligning with the price holding above $2.33.

Traders are watching daily closes, with $2.33 seen as a short-term trigger level. If XRP can maintain above that level and break $2.65, technical setups suggest a fast move higher.

Ripple vs SEC Ruling May Fuel Volatility

A key factor influencing sentiment is the expected decision in the Ripple vs. SEC legal case on June 16. Market participants anticipate a ruling soon, which may determine whether XRP enters a bull run or faces further pressure.

If the ruling favors Ripple, it could act as a catalyst for XRP to break above its $2.65 resistance. However, if the outcome is negative, the price could fall below $2, potentially testing lower support levels.

Crypto Patel suggested that if XRP breaks above $2.65, targets extend toward $3.00, $8.00, and $13.00. These levels reflect long-term resistance areas based on prior cycle highs.

On the downside, a break below $2 could lead to a retreat toward $1.50 or lower. Volume contraction and whale activity point toward an imminent breakout, but direction depends heavily on the next price move.

As the June 16 ruling approaches, XRP remains at a critical junction, with technicals and news catalysts set to define its next trend.