XRP News Today: XRP Shows Bullish Signs Amid Growing Media Support

XRP, the cryptocurrency associated with Ripple, has recently garnered attention due to a bullish technical pattern identified in a report. The pattern, which resembles the setup seen in Bitcoin before its significant rally to $100,000, suggests a potential major breakout for XRP. The cryptocurrency has maintained a tight range between $2.00 and $2.60, demonstrating resilience despite broader market volatility. This stabilization has led many traders to believe that XRP is poised for a significant upward move.

Pro-XRP attorney John Deaton highlighted the shift in media sentiment towards XRP, noting a growing willingness among major crypto outlets to recognize its evolving role in the digital asset space. Deaton, who has been a vocal advocate for XRP holders, particularly during Ripple's legal battle with the SEC, observed that the coverage of XRP has significantly changed from three years ago. This shift in media tone reflects a broader trend of increasing respect and attention for XRP within the crypto community.

The technical analysis draws attention to the current strength in XRP’s price action. While many altcoins have struggled to hold support, XRP has remained firm, resisting downward pressure and showing signs of accumulation. Analysts believe that the current consolidation above $2.00 is a bullish signal, particularly as volume builds and volatility narrows—conditions that often precede sharp upward moves. This setup is being compared to Bitcoin’s price behavior in earlier cycles, particularly before its surge to new all-time highs. If momentum continues to build, XRP could soon attempt a breakout above $2.60, potentially targeting the $3.00 to $3.50 range, levels last seen during the 2017 and 2021 bull runs.

As of the latest reports, XRP is trading at approximately $2.35, showing resilience amid a mixed crypto market. On-chain indicators further support the bullish case. Exchange reserves for XRP, particularly on Binance, have declined, suggesting reduced selling pressure. At the same time, large wallet addresses have steadily accumulated, signaling growing confidence from long-term holders and possibly institutions.

Deaton’s insight into the changing perception of XRP aligns with the broader trend of a more balanced narrative taking shape. Once viewed with skepticism, especially during the height of Ripple’s legal battle with the SEC, XRP is now gaining renewed attention and respect. With Ripple expanding globally, launching its RLUSD stablecoin, and pushing major updates to the XRP Ledger, the ecosystem around XRP continues to strengthen. Combined with increasingly bullish technical signals and a notable shift in sentiment, XRP may be entering a pivotal new chapter—one that even the skeptics are beginning to acknowledge.