XRP is approaching a critical breakout point as it faces significant resistance between $2.20 and $2.30, while remaining supported above $2.00. The market is showing increased institutional demand for XRP investment products, with inflows for the first half of the year totaling $219 million. Analysts believe that if XRP can close above $2.30 on the daily chart, it could indicate a move towards $3. Over the past months, there has been a notable rise in whale accumulation, with addresses holding 1 million to 10 million tokens increasing their share of the total supply significantly. Key resistance levels that need to be breached are highlighted, particularly the 100-day, 50-day, and 200-day simple moving averages situated around $2.20 to $2.36. A pivotal trading zone identified between $2.20 and $2.30 could serve as a turning point for a new bullish trend. Meanwhile, any sustained price drops below $2.15 could lead to testing levels around $2.00.

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