XRP News Today: XRP Nears 8-Year BTC Resistance After 21% Weekly Surge as Traders Watch for Breakout

XRP/BTC is approaching a critical juncture as the pair tests an eight-year-old resistance level that has historically constrained its price action against Bitcoin. The resistance, formed from a high in 2017, has defined a descending triangle pattern spanning nearly a decade. This structure, characterized by a falling upper trendline and a rising lower trendline, has repeatedly repelled attempts to break above 0.00003400 BTC—a level that now looms as a key technical threshold. Analysts and traders are closely monitoring whether XRP can overcome this barrier, which could signal a shift in the cryptocurrency’s long-term momentum against BTC.

Investor and crypto analyst Gordon (@AltcoinGordon) has drawn attention to the chart, noting that the pair is nearing the apex of the triangle pattern. The structure has been respected since 2017, with previous rallies in 2018 and early 2025 failing to close above the resistance. XRP’s current price, hovering around 0.00002993 BTC, is positioned for a potential breakout, with volume and price action suggesting growing conviction. A close above 0.00003400 BTC would confirm a structural shift, potentially unlocking years of pent-up bullish pressure.

The implications of a breakout extend beyond technical analysis. Gordon highlights that the absence of XRP spot ETF approvals adds to the speculative narrative, framing the current phase as a precursor to regulatory-driven growth. While such catalysts remain uncertain, the market’s focus on XRP’s performance against BTC underscores its evolving role in the crypto ecosystem. A successful breakout could attract renewed institutional interest, particularly as the token’s price dynamics align with broader macroeconomic trends and on-chain activity.

Historical context reinforces the significance of this moment. XRP has been in a multi-year downtrend relative to Bitcoin, with the pair’s trajectory confined to a narrowing consolidation range since 2017. The current test of resistance represents the third major attempt to breach this level, with traders anticipating a decisive outcome. A breakout above 0.00003400 BTC—confirmed by sustained volume and follow-through buying—would mark a generational shift in XRP’s technical structure, potentially redefining its relationship with Bitcoin and broader market sentiment.

While bullish scenarios are being debated, caution remains warranted. Analysts emphasize that a true breakout requires not only a price surge but also the ability to maintain gains above key psychological thresholds. Failure to hold above resistance could result in renewed consolidation, prolonging XRP’s sideways movement. However, the token’s recent strength, including a 21% weekly gain, suggests growing confidence among traders. The absence of bearish divergences in momentum indicators and the dominance of bullish candlestick patterns further support the case for a potential reversal.

The narrative surrounding XRP’s potential is bolstered by its broader market positioning. As the crypto sector navigates a period of consolidation, XRP’s technical setup and regulatory developments create a unique backdrop. The asset’s ability to sustain momentum above its historical resistance could validate its transition from a speculative token to a liquid, market-driven asset. For now, the focus remains on whether XRP can execute a clean breakout without triggering a reversal—a scenario that will either cement its status as a breakout candidate or extend its cycle of lateral trading.