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XRP’s Path to $8.5: Analysts Foresee Major Breakout Ahead

XRP’s Path to $8.5: Analysts Foresee Major Breakout Ahead

Author:
XRP News
Published:
2025-07-03 06:26:29
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XRP is capturing renewed market interest as technical indicators hint at a potential breakout. Maintaining crucial support levels and riding the wave of shifting market sentiment, the cryptocurrency seems primed for a substantial upward trajectory. Analysts are projecting a possible surge to $8.5 if key resistance levels are decisively breached. Notably, Paul Webborn, a respected crypto analyst, has bolstered his optimistic stance using Elliott Wave Theory, further fueling bullish expectations for XRP's future performance.

XRP Roadmap To $8.5: Analysts Predict Impulse Wave Breakout

XRP is gaining renewed attention as technical indicators suggest a potential breakout. Holding key support levels and benefiting from shifting market sentiment, the cryptocurrency appears poised for a significant upward move. Analysts project a possible rally to $8.5 if critical resistance levels are breached.

Paul Webborn, a prominent crypto analyst, has reinforced his bullish outlook using Elliott Wave Theory. His analysis identifies June 2022 as the starting point of a new bullish cycle, with XRP currently progressing through Wave C. The chart suggests intermediate waves 1 through 4 are complete, setting the stage for a powerful impulse phase.

The projected path shows initial targets below $8, followed by a brief pullback before a final surge that could establish new all-time highs. Market watchers are closely monitoring these developments as XRP's technical structure aligns with historical patterns preceding major price movements.

XRP Tests Key Resistance at $2.2073 Amid Legal Victory and ETF Optimism

Ripple's XRP is surging toward a critical resistance level at $2.2073, fueled by momentum from its recent legal victory against the SEC. ChatGPT o3's AI model analyzed live indicators, highlighting this pivotal test as institutional demand reaches sentiment highs.

Bloomberg analysts now assign a 95% probability to XRP ETF approval by 2025, according to @JSeyff. Ripple CEO Brad Garlinghouse has acknowledged growing speculation about spot XRP ETFs, with regulatory clarity driving unprecedented institutional positioning.

The cryptocurrency trades within a consolidation range between key EMAs, supported by a massive volume surge indicating accumulation ahead of potential ETF catalysts. Market participants are watching whether XRP can break through the resistance confluence, which WOULD confirm the bullish trend.

Ripple CEO's Symbolic Gesture Fuels XRP Community's 1,000% Price Surge Speculation

Ripple CEO Brad Garlinghouse has reignited bullish sentiment in the XRP community with a cryptic '1,000%' social media post. The gesture, interpreted as a show of confidence in the digital asset, comes alongside renewed attention to Garlinghouse's permanent XRP logo tattoo commemorating last year's landmark SEC legal victory.

The July 2023 court ruling declaring XRP non-security status triggered a 25% price surge. Community influencers now highlight the CEO's body art as evidence of long-term conviction, with market participants speculating about similar upside potential. Garlinghouse's Harvard pedigree lends weight to what supporters characterize as a calculated endorsement rather than impulsive enthusiasm.

XRP Price Eyes Breakout After 300% Volume Surge Amid Key Technical Signals

XRP appears poised to break free from its prolonged consolidation as trading volume spikes 300%, signaling potential bullish momentum. Institutional interest resurfaces despite repeated rejections at the $2.25–$2.30 resistance zone.

The 200-day exponential moving average has held firm as support since May, with XRP demonstrating unusual resilience amid Bitcoin and Ethereum's volatility. Bollinger Band compression suggests an impending volatility expansion, typically preceding major price movements.

Technical alignment favors bulls—the 50, 100, and 200 EMAs converge between $2.10-$2.20, a historical precursor to breakouts. Relative strength index readings remain neutral, leaving ample room for upward movement before overbought conditions emerge.

XRP Price Retreats From Highs — Is The Rally In Jeopardy?

XRP's upward momentum faltered as the cryptocurrency retreated from its recent peak of $2.320, sparking concerns about the sustainability of its rally. The digital asset now faces critical support levels amid broader market weakness.

A decisive break below the $2.220 support level and the 100-hour moving average signals growing bearish pressure. The breakdown of a key bullish trend line at $2.20 further exacerbates the technical damage, with the price currently consolidating NEAR $2.148.

Market participants are watching the $2.238 resistance level closely — a clean break above this threshold could reignite bullish sentiment, while failure to reclaim this level may precipitate further declines.

Ripple Adjusts XRP Escrow Strategy Amid Market Speculation

Ripple has relocked 400 million XRP (valued at $869 million) into escrow following its monthly token release, according to blockchain tracker Whale Alert. The MOVE comes after the company unlocked 500 million XRP ($1.088 billion) in two batches—300 million and 200 million tokens—with the larger portion likely earmarked for liquidity services and partnership initiatives.

A failed 300 million XRP escrow release attempt earlier in the day suggests further adjustments may be forthcoming. The payments firm has systematically released 1 billion XRP monthly since 2017, but 2024 has seen a departure from this pattern. Since March, Ripple has executed internal transfers and created new escrows from existing holdings rather than conducting full traditional unlocks.

The company currently holds 5 billion XRP in reserve while 38 billion remain in escrow-controlled smart contracts. These treasury management shifts occur against a backdrop of heightened trading activity in XRP markets, though the article truncates before detailing specific price movements or exchange impacts.

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