XRP News Today: XRP Surges 23.42% as Technical Analysis Points to Breakout Above $3.65 Resistance

Technical analysis of XRP has converged on a unified narrative: a substantial price surge is on the horizon. Key chart patterns, including a bullish flag formation on the weekly chart and a clean consolidation between $3.40 support and $3.60 resistance, have reinforced confidence among traders and analysts. The asset’s price has maintained a 23.42% weekly gain, with sustained momentum above $3.50, signaling strong near-term potential.

Ali Martinez, a prominent crypto analyst, highlighted a breakout from a bullish flag pattern, a move that followed a sharp push past the $2.70 resistance now acting as support. The flagpole formation suggests a long-term upward trajectory, with a target of $15. Martinez emphasized that if XRP sustains above $3.50 and clears $3.90, the rally could accelerate rapidly. Critical resistance levels such as $6.50 would serve as intermediate milestones before reaching the projected peak.

CasiTrades reinforced the bullish case by pointing to XRP’s stability in recent days, with the price consolidating within a defined range. The trendline, once a resistance level, has now become support, indicating growing strength. The RSI remains below overbought territory, suggesting further upside potential. A recent third bounce off the trendline pushed prices higher, with a breakout above $3.66 potentially setting the stage for a move toward $4.65. CasiTrades also noted that a breakdown below $3.40 could trigger a retest of the $3.25–$3.20 support zone.

EGRAG CRYPTO identified $3.65 as a decisive level for validation. A close above this threshold would confirm a breakout and open the path to higher Fibonacci targets, including $5.37, $6.26, and a maximum extension of $23.64. The analyst stressed that sustained support above $3.13 and $2.60 is crucial for maintaining long-term bullish momentum. A clean breakout above $3.65 would also validate a parabolic rally toward ambitious price targets.

The broader market structure remains supportive of XRP’s upside. The asset has shown resilience near $3.70, close to its all-time high of $3.84. Technical indicators such as the golden cross—where the 50-day EMA surpassed the 100-day EMA—and a confirmed MACD buy signal on June 28 further underscore the strength of the rally. Analysts project that a breakout above $3.84, accompanied by consistent daily trading volumes exceeding $10 billion, could propel XRP toward $4.00–$4.50, mirroring historical volatility patterns observed in 2017.

Regulatory developments and institutional adoption have added to the positive sentiment. A surge in inflows into XRP-linked financial products by $36 million in a single week reversed prior outflows, reflecting renewed confidence. This aligns with a broader crypto market inflow of $4.39 billion, a record for crypto funds. Legislative clarity from the U.S. Congress, including the Genius and Clarity Acts, has provided a clearer legal framework for digital assets, enabling Ripple to expand its enterprise offerings.

On-chain metrics highlight XRP’s expanding utility. The XRP Ledger (XRPL) has seen daily active addresses surge to over 29,000, with transaction volumes exceeding 830,000 per day. Ripple’s USD-pegged stablecoin, RLUSD, has grown to a $550 million market cap in seven months, enhancing liquidity on the XRPL. Meanwhile, the launch of Ripple’s Ethereum-compatible EVM sidechain in June has expanded XRP’s use cases, with over 1,400 smart contracts deployed, opening the token to native DeFi applications.

Derivatives markets underscore XRP’s speculative appeal, with open interest in XRP futures tripling to $10.81 billion since June. This mirrors pre-2017 rally dynamics, where a Bollinger Band expansion preceded a 1,300% surge. However, caution is warranted as whale-to-exchange transfers spiked in mid-July, a historical indicator of market tops. Retail participation has also declined, with new XRP wallets dropping from 11,058 to 3,930 in 48 hours, signaling fading FOMO. Long-term holders have begun distributing their positions, raising concerns about near-term exhaustion.

Despite regulatory challenges, XRP has remained resilient. Ripple’s application for a U.S. federal bank charter faces opposition from major banking groups, yet the token has held above $3.50 for two consecutive days. Market participants appear to view the pushback as temporary friction rather than existential risk. Analysts emphasize that maintaining key support levels—$3.38, $3.22, and $3.05—is critical. A sustained rally above $3.84 could catalyze a move toward $4.50, while a breakdown below $3.38 may trigger a retest of $3.00.

For long-term investors, XRP’s structural strengths—including a robust ecosystem and expanding use cases—justify a buy under $3.50. Short-term traders, however, must remain cautious as the market digests massive inflows and distribution signals. With volatility dynamics and macroeconomic factors still evolving, the coming weeks will test XRP’s ability to consolidate gains and transition from speculative fervor to sustainable growth.