XRP News Today: XRP Awaits Epic Breakout as Legal Cloud Lifts and Network Activity Surges

XRP is approaching a pivotal moment, with market analyst XRPunkie noting that the charts indicate an imminent significant move. In a recent post, XRPunkie stated, “We are at the apex of this massive triangle. Something’s gotta give soon. The breakout will be epic.”

Currently trading at $2.15, the market is closely monitoring the price action as it tightens to a critical point. The symmetrical triangle pattern that XRPunkie mentioned has been developing since November 2024, when XRP surged above $1.10 during a strong rally. Since then, the price has moved within a tightening range, forming a textbook triangle structure on the weekly chart. This pattern reflects market indecision and typically resolves with a sharp move in either direction, usually in the direction of the prevailing trend.

With the asset at the apex of the triangle, the market has run out of room for sideways movement. A breakout—upward or downward—is inevitable, and given the surrounding fundamentals and sentiment, many traders believe the move will be explosive.

XRPunkie’s bold call is supported by more than just technicals. Network activity has surged, with a continued rise in daily active addresses and a record number of wallets now holding over one million XRP. Whale accumulation and transaction volumes have both increased in recent weeks, often a precursor to volatility.

At the same time, Ripple’s growing ecosystem is strengthening XRP’s utility. Since the launch of RLUSD—Ripple’s U.S. dollar-backed stablecoin—integration into the XRP Ledger has accelerated. This expands XRP’s relevance in cross-border settlements and deepens its role in decentralized finance.

XRPunkie didn’t hold back in his conviction, writing, “If you are still doubting a double-digit XRP, something is seriously wrong with you.” While ambitious, such projections are gaining traction as momentum builds around the asset’s fundamentals and legal clarity improves.

One of the most significant constraints on XRP’s price in recent years has been its legal battle with the SEC. But that cloud is rapidly lifting. Both Ripple and the SEC have signed a final settlement agreement, filed a revised joint motion before Judge Torres, and now await an indicative ruling that would pave the way for full resolution.

Legal expert Bill Morgan noted that there is now “no disagreement between the parties,” with only procedural steps remaining. Once the injunction is lifted and Ripple pays the agreed $50 million fine, both parties are expected to file for dismissal of the appeal and cross-appeal. The conclusion of this case would mark a turning point in XRP’s regulatory journey, and could unleash a wave of institutional interest.

With XRP consolidating at $2.15 and sitting at the very tip of a months-long triangle pattern, the stage is set for a major breakout. If the structure resolves to the upside, analysts expect the $3.30 and $5.30 levels to fall quickly, setting the foundation for even higher targets.

For now, the charts are clear, the fundamentals are strong, and the legal fog is fading. As XRPunkie said, the breakout won’t just be significant, it will be epic.