XRP News Today: XRP Nears 8-Year Resistance Breakout Amid 67% Price Surge and ETF Approval Optimism

XRP is on the verge of a significant technical breakout against Bitcoin (BTC) after nearly eight years of being constrained by a descending resistance line, according to analysis from crypto market expert Gordon. The XRP/BTC trading pair is forming a Symmetrical Triangle pattern, with price action now nearing the upper boundary of this formation. Gordon noted on X that a breach of this long-standing resistance could mark a pivotal shift in XRP’s value trajectory, signaling the end of a decade-long underperformance relative to Bitcoin [1]. The pattern’s compression suggests imminent momentum-driven movement, with institutional buying pressure evident despite the absence of immediate bullish catalysts beyond speculative ETF-related optimism.

The potential breakout aligns with heightened anticipation for regulatory developments, particularly the likelihood of XRP securing a U.S. Spot ETF approval. Market expert Steph is Crypto has forecasted a 95% probability of such approval by the U.S. Securities and Exchange Commission (SEC) in 2025, positioning XRP as a front-runner alongside Litecoin and Solana [1]. This optimism is supported by growing institutional interest, with asset managers like Grayscale, Bitwise, 21Shares, and WisdomTree allocating capital to related products. Recent SEC approval of the Bitwise 10 Crypto Index Fund’s conversion into an ETF—including XRP, BTC, and ETH—further underscores the trend, despite a temporary freeze on crypto ETF progress announced on July 16 [3].

XRP’s price has reflected these dynamics, surging nearly 67% since mid-June to close at $3.51 on July 8 amid a 4% intraday rally. However, the token has since dipped below $3.40 by mid-July, raising questions about its ability to sustain momentum [2]. Analysts caution that while the Symmetrical Triangle breakout is bullish, validation will depend on follow-through buying and regulatory clarity. The spot XRP ETF landscape remains uncertain, with a 2x leveraged product operational but traditional spot approvals delayed. The SEC’s ongoing deliberations over asset classification and market innovation have added complexity, though futures-based ETFs are expected to gain traction first [5][6].

A successful breakout of the 8-year resistance line could catalyze further gains, particularly if the ETF approval materializes. Gordon’s analysis frames this event as a potential “generational wealth opportunity,” emphasizing XRP’s unique position in the ETF approval race [1]. Meanwhile, macroeconomic factors and institutional adoption trends will also influence the token’s trajectory. For now, the market remains in a holding pattern, with investors closely monitoring technical and regulatory developments for directional cues.

Sources:

[1] [XRP To Break 8-Year Resistance](https://www.newsbtc.com/xrp-news/xrp-to-break-8-year-resistance/)

[2] [XRP/BTC Nears 8-Year Resistance](https://www.ainvest.com/news/xrp-news-today-xrp-btc-nears-8-year-resistance-4-rise-21-weekly-surge-build-momentum-2507/)

[3] [SEC Freezes Bitwise ETF Conversion](https://coinnews.com/news/crypto-regulation/sec-freezes-crypto-etf-progress-as-interest-in-altcoin-funds-grows/)

[5] [XRP Strategic Breakout](https://www.ainvest.com/news/xrp-strategic-breakout-time-buy-6-2507/)

[6] [SEC Halts Crypto ETF Progress](https://www.economictimes.com/crypto-news-today-live-23-jul-2025/liveblog/122843865.cms)