XRP News Today: XRP Surges 3.46% as Institutional Support Drives Bullish Momentum

XRP, the cryptocurrency associated with Ripple, has recently exhibited a strong bullish trend, with its price surging past key resistance levels. The cryptocurrency has broken through several significant barriers, including the $2.84 resistance level, and is now consolidating in a narrow range between $2.80 and $3.00. This consolidation phase is crucial as a breakout above the psychological $3 mark could trigger a substantial rally, with analysts and traders setting their sights on the next major resistance near $4.00.

Crypto analyst EGRAG CRYPTO reported that XRP has broken above the crucial Fibonacci 0.702 level on the 3-day chart. The candle opened strongly, indicating bullish momentum, despite a minor upper wick, which the analyst said could be ignored due to the overall bullish structure. EGRAG emphasized the importance of closing above $3.010 the wick of the March 2nd candle within the next 16 hours to confirm the breakout from the multi-month downtrend. A successful close could set the stage for a move toward a new all-time high. The chart shows a clean breakout above the descending trendline. Strong candle structure and volume suggest continued upside potential. EGRAG stated that July could be the month XRP accelerates further, declaring, “WE SHALL FLY!”

XRP/USDT is currently trading at $2.93, showing a 3.46% intraday gain. The daily chart reveals a robust uptrend, with the price consistently closing above the upper Bollinger Band. This behavior signals persistent buying pressure. Technical indicators support the strength of the move. The 20-day moving average at $2.36 now acts as dynamic support. The Directional Movement Index shows a strong trend, with +DI at 71.67, –DI at 7.34, and an ADX reading of 44.51. Market participants are closely watching the psychological resistance at $3.00. A successful close above this level could push prices higher, while a rejection might lead to brief consolidation.

As reported in a Form N-1A submission, ProShares Trust has filed with the U.S. SEC to launch an XRP futures ETF. Unlike spot ETFs, this product will track XRP futures contracts, offering exposure without holding the asset directly. Under SEC rules, the fund is expected to list by mid-July. Meanwhile, the Teucrium 2x Long Daily XRP ETF (XXRP) has grown to $248 million in assets as of July 14, 2025. The ETF provides 2x leveraged exposure to XRP derivatives and trades near its NAV of $42.42, with a 30-day median spread of 0.37%. Rising inflows underline growing institutional confidence in XRP’s long-term outlook.

The recent surge in XRP's price has been driven by significant institutional support, with large leveraged long positions suggesting aggressive buying from institutional investors. This institutional involvement has been a key factor in maintaining the cryptocurrency's momentum, despite concerns about overbought conditions on the daily timeframe. The Relative Strength Index (RSI) is currently in overbought territory, which could lead to a brief retracement as short-term traders take profits. However, consistent high-volume buying has been maintaining the RSI at elevated levels, confirming the legitimacy of the move.

XRP's bullish momentum has been further fueled by its successful breakout above a prolonged descending wedge pattern and the 200-day moving average. This breakout has triggered an impulsive bullish surge, with the cryptocurrency poised to reach its all-time high of $3.40. Technical indicators such as the moving averages are turning upward, signaling a transition from a consolidation phase to an acceleration phase. The market structure remains bullish, with major moving averages well above XRP and turning upward.

The recent rally has been attributed to whale activity, with large leveraged long positions suggesting aggressive buying from institutional investors. This has led to speculation about a potential breakout to new all-time highs this July, with analysts predicting that true excitement will begin once XRP breaks its all-time high of $3.84. The breakout above the $2.60 resistance level has confirmed a bullish structure, and institutional support is increasing, further fueling the rally.

As XRP approaches the final obstacle preventing it from reaching a significant psychological milestone, investors should keep a careful eye on the response as it gets closer to this untested level. The sentiment around XRP has been heating up, and a confirmed breakout above $3 could quickly surge the cryptocurrency toward its all-time high range. However, it is important to note that the market is still in a trending phase, and consistent high-volume buying will be crucial in maintaining the momentum.

If XRP can successfully break and hold above $3 in the coming days, it could quickly surge toward its all-time high range between $3.30 and $3.40. Historically, XRP has shown a tendency to move fast when it gains momentum, and this time might not be different. If the price struggles around $2.90 to $3.00, support is expected to come back in between $2.55 and $2.62, which was previously a strong resistance zone. As long as the price stays above these levels, the overall outlook for XRP remains bullish.