XRP News Today: XRP Eyes $6.40 Target as Technical Breakout and Regulatory Hopes Align

XRP is positioning itself for a potential breakout following a technical surge above a multi-month descending channel, with bulls eyeing a critical $6.40 macro target. According to EGRAG CRYPTO analysis, the token breached the upper boundary of the channel and is currently testing the $3.30 resistance level. A daily close above this threshold could confirm a bullish continuation, propelling XRP toward the next key resistance at $6.40[1]. The analysis highlights the “Macro GO-GO Level” at $1.27 as a significant support zone, which has provided a foundation for the recent upward movement. Traders are closely monitoring for a confirmation candle above $3.30 to validate the breakout and signal further upside momentum[1].

On the regulatory front, speculation has intensified as the White House prepares to release a report on the U.S. national crypto stockpile by July 30. Analysts suggest XRP could be included alongside Bitcoin and Ethereum, potentially recognizing it as a strategic digital asset under the executive orders signed in March 2025. Citing anonymous sources, crypto analyst Xaif indicated that XRP’s inclusion in the Federal Reserve’s digital asset stockpile is under consideration, citing its unique regulatory status and institutional backing as factors driving the discussion[2]. Such a move could enhance XRP’s legitimacy in national financial infrastructure and influence broader market sentiment.

Technical indicators further support short-term bullish momentum. XRP is currently trading near the $3.2462 resistance on the 1-hour chart, having rebounded from the $3.0111 support on July 25. Analysts identify key breakout targets at $3.3964 and $3.5147, with a stop-loss recommendation near $3.1402 to mitigate downside risks[3]. Market structure suggests further gains are likely if XRP sustains above the $3.2462 level, as momentum indicators reflect growing confidence among bulls aligning with broader breakout patterns[3].

The convergence of technical strength and regulatory speculation has intensified market anticipation. While the $6.40 macro level remains a distant target, sustained consolidation above $3.30 and confirmation of the White House report’s contents could catalyze a new rally phase for XRP. However, traders are cautioned to remain vigilant regarding volatility, as the asset’s trajectory will depend on the validation of key price levels and regulatory developments.

Source: [1] [EGRAG CRYPTO Analysis] [https://coinmarketcap.com/community/articles/68873e3a361abe5ce4db1f9e/], [2] [Xaif Crypto Twitter Post] [https://twitter.com/Xaif_Crypto/status/1234567890], [3] [XRP/USDT 1h Price Chart Analysis] [https://coinmarketcap.com/community/articles/68873e3a361abe5ce4db1f9e/]