XRP News Today: XRP breaks $3.14 resistance as bulls gain control

XRP has demonstrated renewed bullish momentum following a significant breakthrough in the 4-hour time frame, according to analyst Cryptoes. The asset surged above the critical $3.14 resistance level, a key psychological and technical threshold that had previously acted as a ceiling for upward movement [1]. Although the price has since pulled back slightly to around $3.09, the successful retest of this level is being interpreted as a strong signal that buyers are regaining control [1].

On the technical chart, an ascending parallel channel has been forming, with XRP recently bouncing off the lower boundary near $3.05. The formation of long lower wicks at this support level suggests strong buying pressure from market participants [1]. The Parabolic SAR indicator has also shifted below the price, reinforcing the potential for a bullish trend reversal [1]. These structural developments indicate growing momentum in favor of buyers, provided XRP remains above $3.14.

Looking ahead, the next key target for XRP lies between $3.30 and $3.35, near the upper boundary of the ascending channel. A strong breakout from this range could trigger further gains, especially if accompanied by a surge in volume. However, if bulls fail to defend the $3.14 level convincingly, the price could retrace toward $3.05 or even test the psychological $3.00 level [1]. A decisive break below the lower trendline would challenge the current bullish structure.

The broader market context also supports a favorable outlook for XRP. Ripple’s RLUSD stablecoin has recently crossed $3 billion in monthly volume, drawing attention to its expanding ecosystem. Each transaction involving RLUSD burns a small amount of XRP, which enhances the token’s utility and long-term value proposition [1]. These fundamental developments are seen as adding fuel to the current bullish technical setup.

Analysts have also noted that a monthly close above $3.03 could unlock new optimism and potentially trigger a move toward all-time highs [2]. Furthermore, regulatory developments in the U.S. are being closely watched. The possibility of a shift in the Securities and Exchange Commission’s (SEC) stance on crypto assets has led to speculation that an XRP ETF could receive approval as early as late summer or fall 2025 [3]. Such a development would likely bring increased liquidity, credibility, and institutional interest to XRP.

While the market remains subject to volatility and regulatory uncertainties, the current price action suggests that investors are cautiously optimistic about XRP’s near-term prospects. If the bulls can maintain control over key resistance levels, the asset may be on the cusp of a new phase of growth [1]. As analyst Cryptoes noted, “XRP 4H back above $3.14. Bulls stepping up.” With technical indicators aligning and market fundamentals improving, the next major move for XRP could be imminent [1].

Sources:

[1] "Analyst Says XRP Bulls Are Stepping In After Beating This Hurdle" – Times (https://timestabloid.com/analyst-says-xrp-bulls-are-stepping-in-after-beating-this-hurdle/)

[2] "'Real fun starts' if XRP price ends July above $3, new analysis says" – Crypto (https://cryptoadventure.com/real-fun-starts-if-xrp-price-ends-july-above-3-new-analysis-says)

[3] "SEC's New Crypto Policy Shift Could Boost XRP ETF Chances" – Facebook (https://www.facebook.com/photo.php?fbid=733071479606063&set=a.130****63246274&type=3)