XRP News Today: XRP Surges 15% to $2.68, Dominance Breaks 4.25%

XRP, the cryptocurrency associated with Ripple, has recently demonstrated a confirmed uptrend, bolstered by both price action and a wedge break in its dominance. The cryptocurrency has surged, closing near $2.68 with a daily high of $2.84. This upward movement follows a sustained upward channel that formed after a rounded bottom, supported by a steady ascending trendline. The breakout was confirmed with a daily candle close above resistance, indicating a strong support level at $0.50–$0.52. This technical development suggests that XRP is poised for further gains, as the token is currently trading around $2.65, with traders eyeing higher targets.

The bullish sentiment surrounding XRP is further bolstered by its social dominance and sentiment, which have been rising. However, on-chain metrics remain relatively soft, suggesting that while there is enthusiasm in the market, the underlying fundamentals may not yet fully support the price action. Despite this, the token's ability to hold above $2.65 keeps the uptrend intact, setting the stage for potential higher targets.

XRP has broken out cleanly from a bullish pennant on TradingView, confirming continuation after a strong consolidation. The setup shows clear strength as XRP builds momentum toward the projected $2.5096 target. XRP jumped from $2.30 to $2.4170 earlier today, forming a sharp flagpole before compressing into a tight pennant. Support held at $2.3627 while volume spiked to 1.05 million XRP at the breakout. Price closed strong at $2.4124 and now eyes the full flagpole projection at $2.5096.

At this point in the formation, XRP showed consistently higher lows while candles remained tight inside the pennant. The breakout came with real volume acceleration, not speculative wicks. Price action between $2.35 and $2.41 built pressure until the upside break triggered. The chart confirms XRP’s structure as a classic continuation setup. The rally has stayed clean, with price holding above reclaimed levels. As long as $2.41 holds, XRP remains in breakout territory. A close below $2.36 would weaken this structure.

From this move, XRP stays in a bullish zone with buyers defending short-term support. The breakout reflects intraday momentum and a clear reclaim of short-term trend structure. XRP remains in focus as the market tracks its push toward the $2.50 area. XRP dominance has broken above 4.25%, ending a four-month wedge formation and shifting the market’s tone. This breakout signals renewed strength and rising traction in altcoin market share. After the breakout, XRP dominance pierced the wedge ceiling at 4.10% and closed at 4.21%. This move reversed a multi-month downtrend that began in March. The dominance chart shows repeated defenses at 3.75% and rising lows through June.

With the current structure, XRP dominance is now heading toward the 5.60%–6.00% zone. That area marked resistance in Q1 and hasn’t been touched since February. Reclaiming short-term moving averages reinforces the shift. The dominance move mirrors the December 2023 breakout that triggered a sustained altcoin rally. Volume has returned, and the reclaimed trendline removes the ceiling that capped upside moves for months. Staying above 4.00% could keep momentum alive. XRP dominance now shows a clear reversal. With strength holding and structure reset, the chart supports further expansion in the coming sessions.

XRP gains strength in price and dominance, reclaiming short-term levels with a structure reset and fresh buying activity. The recent price action and technical developments in XRP suggest a bullish outlook for the cryptocurrency. The confirmed uptrend, supported by a wedge break and strong support levels, indicates that XRP is poised for further gains. However, traders should remain cautious, as on-chain metrics and the broadening wedge pattern suggest potential risks of a pullback. The current technical setup, with the token coiling inside a contracting triangle, implies that XRP is in a phase of consolidation before a potential breakout, which could confirm a stronger uptrend.