XRP-USD Signals Explosive Breakout as Price Surges Toward $3.00
Ripple gains ETF momentum, whale backing, and cycle signals with $2.65–$3.00 in sight, and parabolic upside possible | That's TradingNEWS
XRP-USD Signals Explosive Breakout as Price Surges Toward $3.00
32-Week Compression Sets Stage for XRP Breakout
Ripple’s XRP-USD has entered a new phase of accumulation and volatility as Bollinger Bands compress to an eight-month low, echoing pre-breakout setups from 2017 and 2021. The asset has traded between $2.15 and $2.30 for over a week, showing tight consolidation. Historical precedent suggests these narrow ranges typically precede explosive upward moves. Crypto trader STEPH IS CRYPTO emphasized that the setup mirrors November 2024, when XRP jumped from $0.50 to $3.40—a 600% rally.
Technical Structure Confirms Imminent Breakout
The daily chart shows XRP broke out of a long-standing pennant pattern on July 3, now testing resistance at $2.35. Short-term bullish structure is supported by rising volume and an uptrend in momentum indicators like the Parabolic SAR and TSI. MACD confirmed a bullish crossover last week, while the Relative Strength Index (RSI) is at 57, suggesting moderate overbought conditions but with room to run. XRP trades above the 50-day SMA ($2.2175), 100-day EMA ($2.22), and 200-day EMA ($2.11),** all providing layered support.
Price Targets Range From $3 to $37.50 Based on Historical Cycles
EGRAG Crypto’s cycle-based analysis sees XRP heading for one of two targets: a conservative 455% gain to $9.50 or a parabolic 2,000% surge to $37.50, mirroring past blow-off tops. The coin recently cleared its EMA retest phase from April, aligning with the pre-rally phase seen in both 2017 and 2021.
Whale Transfers and Ledger Activity Fuel Speculation
A 779,321 XRP transfer from Coinbase to a private wallet on July 5, processed under ledger number 97,276,970, triggered speculation about institutional accumulation. The receiving wallet rLuvSFAfgVja7ZgEtoq1SwSt1xNGaztLZ and the near-zero fee of 0.00002 XRP further emphasize efficiency and potential non-retail engagement. Influencers flagged this as a setup for a significant event.
ETF Hype and Legal Clarity Reignite Institutional Demand
Following the Ripple vs SEC lawsuit settlement, XRP’s probability for ETF approval has soared. Several analysts predict SEC greenlighting could arrive before year-end, possibly in tandem with other crypto ETFs. The improved regulatory clarity and Ripple’s new U.S. banking license application have renewed institutional confidence, reflected in $10.6M of inflows into XRP funds last week. Total XRP digital asset AUM now sits at $1.4B, with XRP-related futures Open Interest jumping 25% to $4.69B—the highest since May 30.
On-Chain Strength: SOPR and MVRV Show Sustainable Rally
XRP’s SOPR rose to 1.6 in June, indicating some profit-taking, but far from bubble territory. Meanwhile, the MVRV Z-Score is below 2.0, leaving room for further upside before signs of overvaluation appear. For context, XRP peaked near $3 with an MVRV of 6.5 in early 2025, suggesting current conditions are far from euphoric.
HODL Waves and Address Activity Show Conviction
Over 40% of XRP’s circulating supply hasn’t moved in over a year, according to HODL Waves data. Long-term holders aren’t exiting, and address activity spikes ahead of every leg higher, indicating whale and retail alignment. This kind of participation reflects market strength, not speculative froth.
Symmetrical Triangle Breakout: Resistance at $2.35 and $2.65
XRP is now testing $2.35, the upper boundary of a multi-month triangle and a confluence of technical resistance. A clean break unlocks targets at $2.48, $2.60, $2.65, and $2.78. Above that, the psychological barrier at $3.00 comes into focus. Failure to hold $2.08 would negate the bullish thesis, with downside risk to $1.90. However, EMAs and the A/D line both support continued accumulation.
Ripple ETF and Whale Support Push XRP Toward Breakout
Market inflows into XRP reached $335M year-to-date, while weekly crypto fund flows hit $1.03B, dominated by U.S. activity. With BTC ETFs capturing $790M, XRP’s growing share signals rising institutional endorsement. If ETF approval materializes, XRP could recapture its former ATH and extend beyond.
Final Verdict: XRP-USD Is a Strong Buy With $2.65–$3.00 in Sight
All indicators align: tight consolidation, breakout structure, rising on-chain strength, and macro tailwinds from potential ETF approval. XRP-USD currently sits at $2.27, but the risk-reward profile favors bulls. Unless $2.08 breaks, the setup targets a run toward $2.65–$3.00, with optionality to $9.50 or even $30+ if the historical analogs repeat. This is a Strong Buy.
