XRP News Today: XRP Breakout Above $3.30 Could Spark 2017-Style Bull Run

A prominent crypto analyst has drawn attention to a pivotal price level for XRP, Ripple’s native cryptocurrency, suggesting that a breakout above $3.30 could trigger a significant bullish phase. Galaxy Digital, a well-known figure in the cryptocurrency space operating under the handle @galaxyBTC, highlighted this threshold in a recent post on X. The analyst referenced a multi-year chart of XRP, illustrating a technical pattern reminiscent of its 2017 rally, during which the asset surged past a consolidation range to hit an all-time high of $3.36 [1].

According to Galaxy, XRP recently breached its previous high of $3.39, reaching $3.65 in July 2025 before retracting to $2.99. The token is now consolidating around $3.18, with the $3.30 level acting as a critical resistance point. Galaxy emphasized that a sustained move above this level would signal the start of a "real XRP party," characterized by rapid upward momentum akin to its 2017 performance. This forecast is grounded in technical analysis, which identifies an ascending triangle pattern formed by two trend lines capturing XRP’s long-term higher lows and horizontal resistance [1].

The 2017 breakout followed a similar structure, with XRP surging after breaking through a long-standing ceiling. Galaxy’s analysis draws parallels between this historical move and the current setup, suggesting that a repeat could lead to a new bullish phase if $3.30 is successfully retested and breached. The analyst also cited veteran trader Peter Brandt’s earlier prediction from late 2024, which forecasted a surge past $1.96—a previous peak from the 2021 bull run—as a precursor to further gains. XRP surpassed $1.96 in late 2024, reaching $3.30 in January 2025, reinforcing the validity of such technical patterns [1].

The analysis underscores the importance of maintaining bullish momentum above $3.30. If XRP sustains a breakout and avoids a sharp reversal, it could validate the ascending triangle’s potential for upward movement. Galaxy’s comments align with broader market sentiment that regulatory developments, particularly the outcome of the U.S. Securities and Exchange Commission’s (SEC) ongoing legal battle with Ripple, could serve as a catalyst. A favorable resolution for Ripple might pave the way for XRP spot ETF approvals, which could amplify institutional and retail demand [1].

However, the forecast remains speculative until confirmed by actual price action. While the technical case is compelling, short-term volatility and profit-taking by early investors could pose challenges. The current price of XRP, hovering near $3.18, suggests that the market is testing key support levels ahead of a potential breakout. Galaxy’s focus on $3.30 as a trigger point reflects a cautious optimism, balancing historical patterns with the need for sustained momentum [1].

The potential for a repeat of XRP’s 2017 rally has drawn attention from traders and investors, who are closely monitoring on-chain activity and regulatory updates. A successful breakout could not only drive price appreciation but also reinforce XRP’s role as a viable alternative to traditional financial instruments. For now, the market remains in a holding pattern, with the $3.30 level serving as both a psychological and technical milestone.

Source:

[1] [title: Expert Says Real XRP Party Will Start Next Time It Breaks This Level] [url: https://coinmarketcap.com/community/articles/6885ebb604724b2d1e08a968/]