XRP News Today: XRP Surges 1.41% as Technical Breakout Signals Bullish Trend

XRP, the digital asset that powers Ripple’s global payment network, has recently confirmed a major technical breakout, indicating a potential start of a powerful upward trend. As of the latest reports, XRP is trading at $2.77, reflecting a 1.41% increase for the day and showing strong bullish momentum.

This significant breakout was highlighted by prominent crypto analyst JackTheRippler, who posted on X, “Major XRP breakout confirmed! Prepare to become wealthy.” The post included a chart demonstrating XRP breaking through a descending triangle that had been constraining the price since late 2024.

The chart analysis reveals that XRP had been consolidating within a descending triangle, characterized by lower highs and a flat support around $1.78. This pattern had compressed XRP’s price action for several months. However, in early July, a surge in volume propelled the token above the upper boundary of the triangle, confirming a textbook breakout. Technical analysts often view such breakouts as strong bullish signals. The projected price target from this pattern points to a move toward the $3.40–$3.60 range, which would mark XRP’s highest level in years. The breakout has also flipped former resistance into support, strengthening the case for a continued rally.

While technical indicators are crucial, fundamentals are also aligning in XRP’s favor. The upcoming ProShares XRP ETF, set to begin trading on July 18, has added institutional interest to the mix. Additionally, Ripple’s recent filing to establish Ripple National Trust Bank has sparked speculation that XRP could become an essential bridge asset in a new, tokenized financial system. Market confidence in XRP is also benefiting from the imminent resolution of its long-standing legal battle with the U.S. Securities and Exchange Commission (SEC). With legal clarity improving and Ripple’s ecosystem expanding globally, XRP is being viewed less as a speculative token and more as a utility-driven asset.

Investors are now eyeing the $3.00 psychological level as the next key milestone. If broken with conviction, it could trigger a wave of FOMO-driven buying, potentially accelerating XRP’s climb toward its all-time high of $3.84, last seen in January 2018. As always, some short-term pullbacks may occur, but the broader trend has shifted. The recent breakout, backed by strong volume and improving sentiment, positions XRP as one of the most promising digital assets heading into the second half of 2025.

With momentum building, technical resistance behind it, and fundamentals strengthening, XRP’s path forward looks brighter than ever. As JackTheRippler boldly stated—“prepare to become wealthy”, the stage may be set for XRP’s most significant rally yet.