XRP News Today: XRP Near $3.30 Breakout Could Trigger 12% Rally to $3.65, Analyst Says

XRP has become a focal point in cryptocurrency markets as leading analyst Egrag Crypto highlights a critical price level that could signal a major bullish shift. The asset is currently trading near $3.26, just below $3.30, a threshold identified by Egrag as a confirmation of a breakout pattern. A daily close above this level would validate a broader uptrend that has been developing since early July, according to technical analysis shared on July 28, 2025 [1]. The price has already surmounted several key resistance levels, with the $3.30 zone acting as a convergence of Fibonacci extensions, horizontal resistance, and historical rejection points. If breached, this level could trigger a rally toward $3.65, $3.82, and even $4.43, with long-term projections extending to $12.80 [1].

Egrag’s analysis underscores XRP’s escape from a multi-month descending channel that constrained the asset between late 2023 and mid-2025. The breakout in July marked a structural shift, with the price consolidating above $3.00 and aligning with technical indicators that suggest momentum is building. The 50-day moving average crossing above the 200-day line—a golden cross—has traditionally signaled the start of prolonged bullish trends. Rising trading volume further supports the move, indicating potential institutional buying activity. XRP’s ability to hold above the 20-day exponential moving average adds to the near-term optimism, as does the Relative Strength Index (RSI), which remains in positive territory without reaching overbought levels. The MACD, while flattening, reflects consolidation ahead of a potential upward move [1].

Regulatory developments in the United States are also contributing to the growing confidence in XRP. Legislative progress, including the Genius Act and expanding support for the Clarity Act, is creating a more favorable environment for institutional investors. XRP’s unique legal status, stemming from partial victories in its ongoing case with the SEC, positions it as a viable option for investors seeking exposure to cryptocurrencies with clearer legal frameworks. This regulatory clarity has been a key driver of renewed interest in the asset [1].

While the technical and regulatory factors paint a bullish picture, the analysis remains speculative. Actual outcomes will depend on broader market conditions, macroeconomic trends, and evolving legal developments. Investors are cautioned to conduct independent research before making decisions, as the cryptocurrency market remains inherently volatile. The current scenario reflects a convergence of technical momentum and regulatory tailwinds, but it is not guaranteed to translate into sustained price gains.

Sources:

[1] [Here's Bullish Strong Signal As XRP Kickstarts Rally](https://timestabloid.com/heres-bullish-strong-signal-as-xrp-kickstarts-rally/)