XRP News Today: XRP Breaks Key Fibonacci Level at $2.258, Eyes 35% Rally

In the crypto market, structural technical signals can carry significant weight, and these signs suggest that XRP has recently moved into a potentially pivotal phase. According to a monthly chart shared by crypto analyst Cantonese Cat, breaking above the 0.886 logarithmic Fibonacci retracement level, positioned at approximately $2.258, could kickstart a major rally. The chart starts from 2017 to the present, and highlights XRP’s long consolidation phase between 2021 and early 2025, during which the price remained largely suppressed despite broader market fluctuations. This stagnation was followed by a breakout surge that pushed XRP beyond the significant 0.786 ($1.61) and 0.707 ($1.23) levels.

The 0.886 Fibonacci level is often viewed as the last meaningful resistance before an asset revisits its prior highs. For XRP, this level has held firm since its all-time high in January 2018. While other large-cap assets such as Bitcoin and Ethereum reached new all-time highs in subsequent years, XRP has remained below its former peak, constrained by legal uncertainties and shifting investor sentiment. The digital asset closed above this level in January, when it recorded its highest monthly close ever, but market pressure held it down in subsequent months. Now, with momentum building, the digital asset could retest this level again.

Multiple analysts have predicted an impending breakout, and a monthly close above $2.258 would draw attention to the full Fibonacci extension target near $3.32 and speculative higher targets extending to $8.29 (1.272) and $13.38 (1.414), should momentum persist. While XRP has not yet surpassed its historic peak, breaking this barrier would signal an end to its extended accumulation and position the asset in a stronger technical stance than at any point in recent years, setting the stage for a push toward a new all-time high.

The broader cryptocurrency market has shown signs of recovery throughout 2025, supported by improving macroeconomic conditions and increased institutional participation. Analysts have expressed confidence in XRP’s short-term trajectory, and ChatGPT’s forecast for July 31 suggests that it will breach the resistance level, as the AI tool expects the asset to trade at $2.50. XRP is currently trading at $2.27, sitting above the $2.258 level. If it can maintain this position or continue climbing throughout July, it may be the last time we see the digital asset at current prices.

A top analyst has highlighted that if XRP manages to breach the $2.30 resistance level, it could accelerate towards higher targets at $2.45 and $2.69. The price has been hovering around the $2.30 mark, indicating a potential breakout in the near future. This breakout could be triggered by a decisive close above the $2.33 level, which has been identified as a key resistance point. According to the analyst's forecast, a successful breach of this level could propel XRP's price to the $2.60 mark, marking a significant rally.

Another major contributor to the current bullish narrative is an analyst known as Ripple Pundit, who projected a 35,000% price surge for XRP the moment Ripple, the company behind XRP, achieves a significant regulatory milestone. This projection, while ambitious, underscores the potential for a substantial price increase if favorable regulatory developments occur. The analyst's forecast is based on historical patterns and the potential impact of regulatory approvals on the cryptocurrency market.

The bullish sentiment surrounding XRP is further bolstered by the formation of a bullish triangle pattern, which suggests that a breakout above $2.23 could lead towards a price target of $4.60. This pattern, combined with the growing optimism surrounding the potential approval of an XRP ETF, has attracted significant bullish sentiment and could drive the price higher. The ETF approval odds hitting 95% have further boosted optimism, as it indicates a high likelihood of regulatory approval, which could have a positive impact on XRP's price.

Additionally, the growth of the RLUSD stablecoin has been identified as a potential catalyst for an XRP price rally. The RLUSD stablecoin has seen an 815% increase in its market capitalization in 2025 alone, outperforming other stablecoins such as Tether’s USDT. If the RLUSD stablecoin's market cap reaches $1 billion before the end of the year, it could trigger a 70% rally in XRP's price, pushing it towards the $4 mark. This potential rally is supported by a falling wedge pattern, which indicates a potential reversal of the existing trend from a bearish one to a bullish one.

In summary, the current bullish sentiment surrounding XRP is driven by a combination of technical indicators, market patterns, and regulatory developments. The 0.886 Fibonacci level, the $2.30 resistance level, and the potential approval of an XRP ETF are all key factors that could trigger a significant price rally. Additionally, the growth of the RLUSD stablecoin and the formation of a bullish triangle pattern further support the potential for a substantial upward movement in XRP's price. As these factors continue to unfold, analysts remain optimistic about XRP's potential to reach new all-time highs.