XRP News Today: XRP Breaks Multi-Month Pattern With 6.6% Weekly Gain

XRP, the fourth-largest cryptocurrency by market capitalization, is showing signs of a potential bullish breakout. Market analyst Lingrid noted that XRP has broken out from a multi-month descending triangle pattern, reclaiming the upper boundary with a clear bullish break. This pattern typically forms during a downtrend and consists of lower highs and a relatively flat support level. The price breaking above the descending resistance line indicates that selling pressure is weakening and buyers are taking control.

Lingrid further explained that a clean move above the triangle points to a potential climb toward the $2.60–$2.70 target zone. As long as the price stays above $2.15, this rally may gain traction with increasing momentum. At the time of this writing, XRP was hovering around the $2.22 zone, representing a 6.6% increase in the past week. As bullish momentum builds for the fourth-largest cryptocurrency, it remains to be seen whether XRP will soar to the psychological price of $5.

XRP holders have shown strong conviction, especially during challenging times such as the SEC lawsuit. Crypto pundit Edo Farina highlighted that XRP holders have been proven right time and time again, and their conviction is positioning them for considerable long-term prosperity. This conviction is supported by several factors, including on-chain growth, holder base expansion, institutional and regulatory clarity, technological advances, and real-world use.

XRP started 2025 strong, adding 58,000 new wallet addresses, marking the fastest relative growth among top cryptocurrencies at a 1% rise in holders. More impressively, recent data shows XRP surpassed 7.1 million holders, a milestone driven by robust retail adoption. This surge signals a broadening user base and deeper network effect. Institutional interest in XRP is accelerating, with average daily trading volume surging to $1.73 billion in Q1 2025, up from $1.42 billion in Q1 2024. Notably, 19% of this volume moved via OTC—a hallmark of institutional trading. Whale accumulation continues too: over 610 million XRP valued at $1.33 billion was scooped up by large holders.

Legal clarity is advancing. Ripple and the SEC edged closer to resolution: Ripple has dropped its cross-appeal while the SEC is expected to follow, simplifying the regulatory landscape. Although one judge recently rejected a proposed settlement fine reduction, the core ambiguity has been largely lifted. Ripple is actively building infrastructure to boost XRP’s utility, including the introduction of an EVM-compatible XRPL sidechain, enabling Ethereum-style smart contracts on XRP Ledger. Additionally, Ripple’s pursuit of a national trust bank charter and integration with Federal Reserve systems will deepen its institutional backbone.

With whales accumulating and institutional inflows rising, short-term price momentum shaped around the $2.23–$2.40 resistance zone is promising. Historical patterns indicate July returns averaging 6.9%, hinting at seasonal upside. Optimistic forecasts peg XRP at $3–$5 by late 2025, with some long-term models stretching toward the $8 level as adoption compounds. XRP holders stand at the crossroads of technology, finance, and regulation. With a burgeoning user base, institutional adoption, and a clear roadmap, XRP is no longer just a speculative asset; it’s becoming a financial infrastructure staple. Having broken out of a multi-month descending triangle, it remains to be seen if this will be the catalyst to new heights.