XRP Breaks Past $2.26 Resistance—$2.38 Target Looms as Bulls Charge Forward
XRP just flipped $2.26 from resistance to support—and now the path to $2.38 looks wide open. Are traders positioning for the next leg up, or is this another fakeout before the usual crypto rug-pull?
The Setup:
After weeks of consolidation, XRP finally cracked the $2.26 ceiling. No fancy derivatives drama, no Elon Musk tweet—just old-fashioned buying pressure. Textbook bullish breakout.
The Target:
With $2.26 now acting as a floor, the next logical stop is $2.38. That’s a 5% climb from here—chump change in crypto terms, but enough to lure in momentum traders.
The Catch:
Volume’s decent but not explosive. And let’s be real—this is the same asset that got sucker-punched by the SEC last year. If XRP clears $2.38? Moonboys will start screeching about the 2021 ATH ($3.40). If it stalls? Cue the ‘Ripple is doomed’ hot takes.
Bottom Line:
Price action says ‘buy,’ but crypto’s a casino where the house always wins. Trade accordingly.
News Background
- As global trade disputes escalate and geopolitical risks rattle markets, cryptocurrency remains caught between risk-off sentiment and institutional tailwinds.
- Amid the turbulence, XRP is emerging as a standout, bolstered by strong on-chain activity and renewed institutional attention.
- Grayscale recently added XRP to its Digital Large Cap Fund for the first time since regulatory restrictions were lifted, and ten XRP spot ETF applications are currently pending before U.S. regulators, with decisions expected as early as October.
- The anticipation of regulatory clarity — combined with Ripple’s ongoing pursuit of a U.S. bank charter — has given the asset a bullish narrative.
- Analysts view XRP as one of the most technically promising large-cap tokens, with a clean break above $2.38 likely to open upside targets toward the $3.40 zone.
Technical Analysis
- According to CoinDesk's Analytics, XRP surged from $2.25 to a high of $2.35 over the 24-hour period from 7 July 05:00 to 8 July 04:00, marking a 4.5% increase on the day.
- The 13:00–16:00 trading window was the most active, with volume spiking to 144M–182M, pushing the price to its session high before profit-taking set in.
- Initial resistance formed at $2.32 before sellers took control; the price retraced to stabilize at $2.26.
- The $2.25–$2.26 range has emerged as a key support zone, repeatedly absorbing sell pressure during late-session volatility.
- In the final hour, XRP experienced 2.0% volatility, rallying from a session low of $2.25 at 04:22 to $2.30 by 04:33.
- The sharp recovery was driven by a volume burst approaching 1 million units at 04:29, pushing price to a post-session high before consolidating around $2.26.
