XRP Eyes $7 Breakout on Binance as Analysts Spot Bullish Accumulation Patterns

XRP has entered a consolidation phase above $2.75, with technical analysts drawing parallels to its late 2024 breakout pattern. The cryptocurrency briefly touched $2.97 on Binance—its highest level since March 2025—before stabilizing near $2.78. This performance solidifies XRP's position as the third-largest digital asset by market capitalization at $166 billion. Network activity metrics from Santiment indicate surging retail interest, further fueling bullish sentiment among traders. Analysts are now targeting a potential $7 breakout, citing strong accumulation trends and historical price action similarities. The current consolidation above key support levels suggests institutional interest is growing, with Binance serving as a primary liquidity hub for XRP's price discovery. As of July 2025, the cryptocurrency appears poised for another significant upward move if it can maintain its current support zone and break through psychological resistance levels.

XRP Price Prediction: Analysts Target $7 Breakout Amid Bullish Accumulation

XRP has entered a consolidation phase above $2.75, with technical analysts identifying parallels to its late 2024 breakout pattern. The cryptocurrency briefly touched $2.97 on Binance—its highest level since March 2025—before stabilizing NEAR $2.78, cementing its position as the third-largest digital asset by market capitalization at $166 billion.

Network activity metrics from Santiment show surging retail interest, while trader DonAlt highlights a volume-supported accumulation structure reminiscent of previous rallies. "The setup mirrors Q4's precursor to major moves," he observed, suggesting the current consolidation may precede a push toward $7.

Crypto Weekly Roundup: Market Moves and Institutional Shifts

Bhutan's sovereign investment arm, Druk Holding and Investments, made waves this week by transferring 213.5 BTC ($23.73 million) to Binance. The MOVE follows similar transactions last week, suggesting strategic profit-taking during the current market rally.

Institutional interest continues to grow as SharpLink Gaming acquired 10,000 ETH ($25.7 million) directly from the ethereum Foundation—the first such OTC purchase by a public company. Meanwhile, BlackRock's spot bitcoin ETF (IBIT) has climbed to become the asset manager's third-highest revenue generator, trailing only two established equity ETFs.

Political dimensions emerged with Truth Social, the platform backed by Donald Trump, announcing plans for a utility token tied to its subscription rewards program. The development signals growing convergence between social media and digital assets.

Australia's DigitalX underscored bitcoin's institutional appeal, securing $13.5 million from digital asset investors to reinforce BTC-centric strategies. The funding round highlights enduring confidence in bitcoin's store-of-value proposition despite recent market volatility.