XRP Surges Past $2.28: Eyes $2.50 Amid Bullish Breakout Signals
XRP, the native token of Ripple, has demonstrated significant bullish momentum, breaking past the $2.28 resistance level with explosive trading volume. Analysts are now eyeing a potential major technical breakout, with a decisive move above $2.30 potentially paving the way for further gains toward $2.50 and beyond. This surge aligns with the broader crypto market’s upward trend, drawing heightened attention to XRP’s technical setup and speculative interest. Below is a detailed analysis of XRP’s current trajectory and what lies ahead for this digital asset.
XRP Crypto Surpasses $2.28 And Aims For A Major Technical Breakout
XRP, the native token of Ripple, has surged past $2.28 amid explosive trading volume, signaling a potential breakout. A decisive move above $2.30 could pave the way for further gains toward $2.50 and beyond.
The crypto market’s upward momentum has drawn attention to XRP’s technical setup. Analysts highlight the significance of rising volume, suggesting speculative interest or a strategic shift in market sentiment.
Winklevoss Criticizes Oregon AG Over XRP Securities Classification in Coinbase Lawsuit
Tyler Winklevoss, co-founder of Gemini, has publicly rebuked Oregon Attorney General Dan Rayfield for labeling XRP as an unregistered security in a lawsuit against Coinbase. The legal action targets Coinbase’s alleged offering of 31 unregistered securities, including Ripple’s XRP, under state law.
Rayfield’s suit underscores a growing tension between state regulators and crypto platforms, framed as a necessary response to perceived federal inaction during the Trump administration. "States must fill the enforcement vacuum being left by federal regulators," the Oregon DOJ stated, positioning the case as part of a broader regulatory push.
The move highlights the persistent ambiguity around crypto asset classification, with XRP remaining a flashpoint despite its partial legal victory against the SEC last year. Market participants now watch for Ripple effects across exchanges like Coinbase, which continues to list the token.
Can XRP Price Realistically Reach $1,000? Analyst Outlines Bullish Roadmap
An anonymous crypto analyst known as BarriC has projected an audacious price target of $1,000 for XRP, sparking debate among market participants. The prediction hinges on a multi-stage rally beginning with a climb to $3, followed by successive surges to $5 and potentially $10-$20 before a market correction.
The analyst’s base case anticipates XRP hitting $100 by December, fueled by growing institutional adoption of Ripple’s payment technology. RippleNet’s sub-two-minute settlement times present a compelling alternative to SWIFT’s slower infrastructure—a key differentiator that could drive enterprise demand.
XRP Sheds Gains as Market Cools, Analysts Still See Upside
XRP retreated 5.20% to $2.15 after briefly touching $2.30 during Wednesday’s crypto-wide rally. The pullback coincided with a 7.58% drop in Open Interest to $3.82 billion, while $11.67 million in long positions were liquidated.
Technical patterns suggest potential for recovery. A falling wedge formation points to possible bullish reversal scenarios, with price targets ranging between $2.6382 and $3.8767. The asset’s volatility mirrors broader market movements, having initially benefited from softened rhetoric by U.S. President Trump regarding Federal Reserve policy.
