XRP News Today: XRP Faces Critical Breakout Levels at $2.22 and $2.35

XRP, the fourth-largest cryptocurrency by market capitalization, is currently in a consolidation phase below $2.60. Technical analysts are closely monitoring potential breakout points that could dictate the asset’s next major move. EGRAG CRYPTO, a well-known market analyst, has published a detailed chart highlighting several critical levels that XRP must navigate to shift its trajectory.

The chart emphasizes a recurring price pattern that has persisted for months, with price action compressed within a descending wedge. XRP has repeatedly tested a major support zone between $1.9 and $2.1, which has provided stability multiple times. However, EGRAG CRYPTO warns that losing the support line at $1.43 could cause a major collapse.

While the risks are evident, the analysis also offers a blueprint for bullish continuation. The first key breakout level is at $2.22, which EGRAG describes as signaling “a potential move higher.” This level represents the upper boundary of a horizontal resistance zone that XRP has struggled to reclaim. Price movement above this line would signal the start of a bullish reversal within the context of the larger wedge formation.

Beyond the initial breakout at $2.22, the chart points to $2.35 as a critical confirmation level. EGRAG CRYPTO states that a move above this area would be “the real boost indicating strength and momentum building.” This zone acts as a filter, separating minor rallies from full-scale bullish trend shifts.

The broader technical picture also highlights $2.65 as a macro breakout level. EGRAG CRYPTO believes this target is “the key zone for long-term strength.” Reclaiming this level would mark a decisive shift in the local trend and position XRP for extended upside toward much higher targets.

The technical setup shows XRP compressing between downward sloping resistance lines and the horizontal support zone. This structure aligns with traditional wedge patterns, often leading to volatile breakouts once the price escapes the narrowing range. XRP is currently trading at $2.18, and the timing projection on the chart points to late July 2025 as a potential inflection point. EGRAG CRYPTO has predicted that XRP will hit its peak price for this cycle on July 21, and the current setup seems to be building toward this date.

Several analysts have highlighted critical levels and patterns that suggest a potential breakout in the near future. The first key breakout level is identified at $2.22, which, if surpassed, could signal a move higher for XRP. This level represents the upper boundary of a symmetrical triangle pattern that has been forming on XRP's chart. According to crypto analyst Egrag Crypto, symmetrical triangles often resolve between 75% and 95% of their lifespan, indicating that a breakout could be imminent. The analyst has outlined a breakout window between early July and mid-September, suggesting that the current consolidation phase may soon give way to a significant price movement. The breakout from this pattern could propel XRP up to $14, representing a 564% increase from its current level.

The fundamental data and technical strength of XRP also support the possibility of a breakout. The token has shown strong bullish momentum, surging over 33% from its recent low at $1.89 despite market-wide uncertainty. This rebound has placed XRP among the top-performing cryptocurrencies in recent weeks. Additionally, the platform projects that XRP could touch $4.90 by 2026, with this surge expected to occur between October and November of that year.

The potential breakout of XRP is not only supported by technical analysis but also by the ongoing legal developments surrounding Ripple, the company behind XRP. The recent ruling in favor of Ripple has provided a boost to the cryptocurrency's market sentiment, further fueling the possibility of a breakout. As the legal status of XRP becomes clearer, investors may become more confident in the cryptocurrency's future prospects, leading to increased demand and a potential price surge.