XRP Surges Past Resistance, Sets Stage for "Absurd" Rally Against Bitcoin

XRP has broken above its upper Bollinger Band on the daily time frame, marking a significant move against Bitcoin. This comes after a period of low volatility and fading interest. The base was compact, and the move is accelerating with structure still intact. This could precede an "absurd" green candle move, similar to the 60% rally seen in the past. XRP is gaining strength while Bitcoin is strong, indicating real relative strength.

XRP has recently broken above its upper Bollinger Band on the daily time frame, marking a significant move against Bitcoin. This comes after a period of low volatility and fading interest. The base was compact, and the move is accelerating with structure still intact. This could precede an "absurd" green candle move, similar to the 60% rally seen in the past. XRP is gaining strength while Bitcoin is strong, indicating real relative strength.

Technical analysts are closely monitoring this development. According to Steph Is Crypto, XRP's Bollinger Bands are now "extremely tight," a classic indicator that a major price move is imminent [1]. The current squeeze pattern mirrors the one seen in November 2024, which preceded a powerful rally that propelled XRP from around $0.50 to over $3 in just weeks [1]. If history repeats itself, XRP could be on the verge of a similar explosive breakout.

Key resistance levels are at $2.70–$2.90. A clean breakout above this zone would likely trigger fresh bullish momentum and possibly retest or exceed the $3 mark [1]. Additionally, the formation of a potential inverse head-and-shoulders pattern could signal the beginning of a larger upward trend, with price targets extending into the $4–$5 region in the short to mid-term [1].

Beyond chart patterns, on-chain metrics and Ripple’s ecosystem developments are fueling optimism. Whale activity is increasing, with large XRP transfers spotted in early July. Ripple’s expanding partnerships, growing adoption of its RLUSD stablecoin, and potential collaborations with financial giants are adding fundamental weight to the bullish narrative [1]. Meanwhile, daily active addresses on the XRP Ledger are climbing steadily, another sign of growing network utility and investor interest [1].

Crypto analysts are also predicting significant price movements. Jaydee has predicted a 50% rally for the XRP price, highlighting a resistance level that the altcoin needs to break above on its BTC pair to record this massive uptrend [2]. Guy has predicted that the XRP price could rally to a new ATH of $5.30, with the $2.33 level being the key to kickstarting this uptrend [2].

Market analysts expect continued outperformance of XRP against BTC. The XRP/BTC pair broke above a multimonth descending trendline at 0.00002065, which has acted as resistance since March. A retest of the trendline will confirm the end of the downward trend, clearing the path for the XRP/BTC pair to break out higher [3]. This bullish divergence between XRP/BTC and the RSI suggests that XRP could see significant gains against BTC [3].

Speculation surrounding a potential BlackRock ETF filing is also fueling the hype. Although no official filing has been made, industry insiders suggest that applications for both XRP and Solana ETFs may be imminent [4]. This speculation follows Ripple’s latest progress in its legal fight with the SEC, which appears to be nearing its end. Market watchers see a resolution as the final hurdle before XRP can become ETF-ready [4].

In conclusion, XRP's recent Bollinger Band breakout signals potential upside, supported by historical precedent, technical analysis, on-chain metrics, and market speculation. Traders should watch key technical levels and manage risk accordingly.

References:
[1] https://www.ainvest.com/news/xrp-news-today-xrp-bollinger-bands-signal-500-price-surge-potential-2507/
[2] https://www.mitrade.com/insights/news/live-news/article-3-946033-20250709
[3] https://cointelegraph.com/news/xrp-price-must-break-this-key-level-to-reclaim-3
[4] https://coindoo.com/xrp-surges-toward-3-as-blackrock-etf-rumors-intensify/