XRP News Today: XRP Breaks Above Key Resistance, Signals 100% Rally

XRP, a cryptocurrency associated with Ripple, has recently gained significant attention from analysts who believe the asset is on the verge of a major rally. According to market analyst Cobb, the "XRP season" has begun, with the asset expected to demonstrate relative strength across markets. This positive trajectory is anticipated to signal renewed investor interest in XRP, potentially driving its price to new heights.

Cobb's optimism is based on the recent breakout of XRP above a critical resistance level against Bitcoin (BTC). On the 4-hour timeframe, Cobb showed that XRP/BTC closed a strong candle above the longstanding horizontal resistance, marking what appears to be a confirmed breakout after weeks of coiling underneath the threshold. The resistance line had repeatedly rejected price advances, capping XRP’s relative strength against Bitcoin throughout multiple tests. But in the latest price action, the digital asset finally pushed through with consecutive closes above the level, supported by moderate volume.

The clean structure and horizontal alignment of the breakout reinforce the technical significance of the move, especially within the context of a larger consolidation range that began forming months ago. Cobb responded to the breakout with a confident statement: “Yep I’ve seen enough, XRP season starts now.” While brief, Cobb’s declaration speaks directly to the massive breakout that many traders have been anticipating. Cobb expects XRP to demonstrate relative strength across markets, turning the asset’s trajectory fully positive and possibly signaling renewed investor interest. His observation does not stem from speculation alone. Resistance has become support, and the asset is about to enter bullish territory.

This breakout changes the dynamics of the XRP/BTC chart significantly. The prolonged period of sideways movement beneath resistance, followed by this decisive move, introduces a shift in structure that favors continuation to the upside. The price behavior suggests that accumulation has been underway, as the trajectory of the asset over the past few months resembles a rounding bottom formation with multiple retests of the resistance level. The absence of immediate rejection after the recent breakout further supports the thesis that the breakout is legitimate. With BTC’s dominance still relatively high, any sustained upward move by XRP in this pair indicates resilience and relative strength, two factors traders look for when assessing whether an altcoin could lead in upcoming market phases.

The asset’s rise could also weaken Bitcoin’s dominance, paving the way for a new altcoin season and a potential all-time high for XRP. From a technical perspective, if the breakout holds and XRP confirms support on a retest, the next logical focus will be on measuring potential targets based on the prior range’s height. While short-term volatility remains possible, the structure now leans bullish, especially if volume increases or if additional altcoin-BTC pairs begin exhibiting similar patterns.

Cobb's bullish outlook is further supported by the broader cryptocurrency market's positive momentum. The positive sentiment surrounding XRP is also fueled by discussions on cryptocurrency legislation, which could serve as the next market catalyst. The U.S. House of Representatives is set to debate and discuss three new bills concerning the cryptocurrency industry, potentially establishing new regulatory standards that could impact XRP's valuation. These legislative discussions are expected to be a key catalyst for the cryptocurrency market.

Technical analysts have also identified XRP's next resistance level at around $2.60, with the potential for further gains toward $3 if the bulls maintain their momentum. The asset has recently staged a notable breakout above the $2.50 resistance level, confirming a bullish reversal from a multi-week descending wedge pattern. This technical strength, combined with the broader market's positive sentiment, positions XRP for a potential rally in the coming months.

In summary, the recent bullish momentum in the cryptocurrency market, coupled with positive technical indicators and legislative discussions, has analysts optimistic about XRP's prospects. With predictions of a rally to $4.35 by the end of July 2025, XRP is poised to demonstrate relative strength and attract renewed investor interest. However, it is important to note that these predictions are based on current market conditions and analyst forecasts, and actual outcomes may vary.