XRP News Today: XRP Breaks Trendline After Triple Support Test, Eyes 65.27% Gain

XRP, the cryptocurrency developed by Ripple Labs, has recently broken a significant trendline after undergoing a triple support test. This development has sparked interest among investors and analysts, as it suggests a potential continuation of the upward trend above the $2.26 mark.

After several months of consistent lower highs, XRP has finally broken out of its long-term descending trendline. The breakout occurs after a long accumulation phase that is characterized by three significant retests on a major support zone. This price action caused a concise price response and followed a strong support zone resting just above $2.00, which resisted a surge in volatility. At the time of writing, XRP was down 1.6 percent at $2.26. The ongoing retest of the breakout area is now drawing market focus.

XRP first tested this major support area in January 2025. This retest, marked as the first significant bounce, initiated a short-term rebound. A second test occurred in early March, showing similar strength and confirming the zone’s importance. However, in April, price action slipped below the zone in what later proved to be a fakeout. Notably, this move did not sustain and quickly reversed back above the zone, indicating it was not a true breakdown. By June, XRP returned for a third retest of the same support. This time, the reaction was stronger, pushing the price upward with increased volume. The trendline, which had capped prices for over four months, was finally broken in early July. This break above the red downtrend line shifted the structure and marked the first confirmed higher high in months.

The breakout is currently a technical retest at the price of around $2.20. This range is located next to the former resistance-became-support and plays a vital role regarding immediate price movement. The present support is at $2.20, and resistance is building at $2.26. Momentum can be further validated by any prolonged rise above this level. Price movement during the retest phase will be closely watched, as it determines if buyers can maintain control.

A projection mapped from the breakout indicates a potential move of approximately 65.27%. The target, based on the vertical height from the support zone to the trendline peak, sits around $3.60. While the market is still in early breakout stages, this measurement provides a reference for potential continuation if support holds. The chart structure is now reset, and price behavior during the next sessions will likely validate the breakout strength.

Investors and traders are now eyeing the continuation of the upward trend above the $2.26 mark. If XRP can maintain its momentum and continue to break through resistance levels, it could potentially reach new highs. However, it is important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. Investors should exercise caution and conduct thorough research before making any investment decisions.