XRP News Today: XRP Surges 25.46% Weekly, Breaks $3.40 Resistance

XRP has recently broken above the $3.40 mark, forming a bullish structure with a short-term target above $5.50. This breakout follows a period of consolidation and is supported by strong technical indicators and rising market activity. At the time of writing, XRP was trading at $3.50, with analysts predicting a potential rise to $17 in the coming months.

According to analysis by Bark, XRP is experiencing what he described as a “crazy breakout” as it clears key resistance levels. This move comes after weeks of consolidation between $2.00 and $3.00, followed by a breakout above $3.40 in early July 2025. The chart shows a confirmed W-shaped pattern that preceded the breakout, surging XRP to $3.56 and marking a 25.46% weekly gain. The ADX indicator has turned upward for the first time in six months, indicating growing strength in price momentum. Additionally, the RSI has climbed to 69, suggesting that buying demand is exceeding selling pressure. Based on the height of the flagpole, analysts estimate that XRP could rise by 480%, potentially reaching $17 in the coming months.

Retail participation has increased sharply as traders seek exposure to XRP’s rally. Data shows that daily active addresses jumped from 58,000 to 88,000 within 48 hours. At the same time, XRP’s open interest has exceeded $10 billion, while funding rates have climbed alongside price. XRP’s dominance is up 26%, while Bitcoin’s market share fell by over 4.6% during the same period. The XRP/BTC pair recently broke through key resistance at 0.00003051 BTC, confirming strong capital rotation from Bitcoin into XRP. Analyst CryptoWZRD noted, “Back in 2017, $XRP consolidated for 210 days before exploding, it took around the same this time.” With momentum holding, analysts are closely watching the $5.50 level as the next immediate target.