XRP Breaks Out: $2.38 Target Looms as Bulls Charge Past $2.26 – Next Rally Starting Now?
XRP flexes its muscles as it consolidates above $2.26—traders eye $2.38 as the next battleground. Is this the launchpad for another leg up?
The Setup:
After grinding through resistance, XRP’s holding pattern above $2.26 signals accumulation. No fluke—this is a textbook bullish consolidation.
The Target:
$2.38 is now in play, a level that could trigger FOMO-fueled momentum if breached. Watch for volume spikes—they’ll confirm whether this is real demand or just another fakeout for overleveraged degens.
The Wildcard:
Macro crypto sentiment remains shaky (thanks, Fed whispers), but XRP’s relative strength suggests it’s playing by its own rules—for now.
Bottom Line:
Either XRP’s about to hand traders a breakout party… or another ‘buy the rumor, sell the news’ heartbreak. Place your bets—Wall Street’s algorithms certainly are.
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.
