XRP Price Prediction: Bullish Breakout Targets $3 Amid Growing Market Confidence

#XRP

• XRP is showing strong technical bullish signals with price above key moving averages and testing upper Bollinger Bands
• Market sentiment is extremely positive due to whale accumulation, partnerships, and regulatory developments
• Analyst projects near-term target of $3 with potential for further upside based on current momentum

XRP Price Prediction

XRP Technical Analysis: Bullish Signals Emerging

According to BTCC financial analyst Sophia, XRP is currently trading at 2.3927 USDT, above its 20-day moving average of 2.1977, indicating a bullish trend. The MACD histogram shows a narrowing bearish momentum, with values at -0.0716 (MACD line), -0.0365 (signal line), and -0.0351 (histogram). The price is also testing the upper Bollinger Band at 2.3649, suggesting potential for further upside if the breakout holds.

XRP Market Sentiment: Strong Bullish Momentum

BTCC financial analyst Sophia highlights that recent news around XRP is overwhelmingly positive. Key developments include a breakout from a multi-month wedge pattern, growing whale accumulation, and partnerships like Ripple's collaboration with BNY Mellon for RLUSD stablecoin reserves. These factors, combined with bullish price predictions and regulatory advocacy, are fueling market confidence.

Factors Influencing XRP’s Price

XRP Breaks Out From Multi-Month Wedge as On-Chain Metrics Signal Growing Confidence

XRP has decisively broken out of a prolonged consolidation pattern, with its price action now testing key resistance levels. The MOVE coincides with accelerating network growth, as evidenced by a parabolic increase in unique wallet addresses holding the asset. Holder count has surged to approximately 6.64 million this year—a metric often interpreted as reflecting long-term investor conviction.

On-chain analytics reveal compelling undervaluation signals through the MVRV Z-Score, currently hovering at 2.13. While not yet in extreme bargain territory, this reading suggests XRP remains priced below historical fair value thresholds. Market observers note such conditions frequently precede sustained rallies when accompanied by expanding network adoption.

XRP Price Flashes Bullish Continuation Signals — $3 Surge Possible

XRP is reclaiming critical support levels and exhibiting a textbook breakout structure, drawing renewed market attention. Analysts point to building momentum and aligned bullish signals as groundwork for a potential Wave 3 surge that could propel the token beyond $3.

CasiTrades, a prominent crypto analyst, highlighted XRP's recent price action in a detailed July 7 analysis. The token has completed a consolidation phase and reclaimed the $2.25 level—the apex of a multi-month Symmetrical Triangle pattern. This level coincides with the 0.382 Fibonacci Retracement, now acting as support after a brief downside fake-out.

Currently trading above $2.30, XRP faces local resistance. A confirmed breakout could validate the bullish continuation pattern and set the stage for significant upside. The analysis suggests technical conditions are ripening for a powerful advance, with $3 emerging as a plausible target if key levels are breached.

Ripple Advocate Files Securities Fraud Suit Against Former Linqto CEO

Prominent XRP advocate John E. Deaton has initiated a securities fraud class action against William Sarris, former CEO of Linqto, on behalf of retail investors. The lawsuit alleges Sarris orchestrated a multi-year scheme involving undisclosed markups as high as 60% and unlicensed sales tactics to peddle shares in private companies including Ripple and Kraken through Linqto's platform.

Internal legal memos from 2023-2024 reportedly warned Sarris about violations of SEC and FINRA rules, including operating as an unregistered broker-dealer. The filing comes amid Linqto's bankruptcy proceedings, though Deaton emphasizes the suit targets Sarris personally and isn't subject to bankruptcy protections.

This follows an October 2024 lawsuit by former Linqto executive Gene Zawrotny that raised similar compliance concerns. Deaton vows to direct any settlement funds toward compensating affected investors.

XRP Prices Hit 7-Week Peak as Whale Accumulation Signals Further Gains

XRP surged to $2.40, marking its highest level since late May, as altcoins broadly outperformed with 24-hour gains up to 5%. The rally coincides with growing whale activity, with wallets holding ≥1M XRP reaching a record 2,743.

Market observers attribute the momentum to macroeconomic tailwinds, including potential Federal Reserve rate cuts advocated by former President Trump. Risk assets stand to benefit from looser monetary policy.

The cross-border token has rebounded 25% from its June low of $1.90, demonstrating resilience amid geopolitical tensions. Santiment data confirms sustained accumulation by large holders, with 2,742 million-XRP wallets still active NEAR all-time highs.

Ripple CEO Urges US Lawmakers to Prioritize Crypto Market Structure Legislation

Brad Garlinghouse, CEO of Ripple, testified before the US Senate today, advocating for the urgent passage of market structure legislation for digital assets. He emphasized that such regulation would solidify the US as the global leader in cryptocurrency innovation and adoption.

The US possesses unparalleled advantages—deep capital markets, top-tier technical talent, and a culture of innovation. With over 55 million Americans already participating in the crypto economy, representing a $3.4 trillion market, Garlinghouse argued that regulatory clarity is long overdue. "A smart framework will unleash US competitiveness and streamline financial transactions," he stated.

Garlinghouse outlined Core principles for effective legislation: consumer protection against fraud, proper market oversight, accountability for bad actors, and room for innovation to thrive. The absence of these measures, he warned, risks ceding leadership to other jurisdictions.

Analyst Predicts XRP Could Surge to $1,000 Sooner Than Expected

Crypto analyst BarriC has sparked Optimism in the XRP community with a bold prediction that the token could skyrocket from its current $2 level to $1,000 faster than anticipated. Drawing parallels to XRP's 2017 rally from $0.006 to $3.40, BarriC suggests investors may be underestimating the asset's potential for rapid appreciation.

XRP's recent quarterly close above $2.25 has built momentum, with many investors eyeing new all-time highs. The current price action mirrors early accumulation phases seen before previous parabolic moves. "People buying XRP at $0.006 in 2017 weren't expecting it to skyrocket to $3," BarriC noted, implying similar surprise potential exists today.

Pro XRP Lawyer Sues Linqto Founder over Unlicensed Crypto Stock Sales

John Deaton, a prominent crypto lawyer and XRP advocate, has filed a lawsuit against Linqto, alleging fraudulent practices in the sale of Web3-related company stocks. The suit claims Linqto employed misleading tactics and imposed unjustified 60% markups on shares of Ripple, Kraken, and other crypto firms. Deaton aims to recoup investor losses and expose potential criminal misconduct.

The case, while indirectly related to the crypto industry, highlights regulatory gray areas in private securities offerings. Linqto allegedly created misleading exemptions to sell unregistered securities, targeting investors seeking exposure to pre-IPO crypto companies. Deaton's involvement follows his high-profile participation in the SEC v. Ripple case and his political challenge against Senator Elizabeth Warren.

Market observers note the lawsuit could set precedents for secondary market transactions of private crypto company shares. The complaint will be discussed in a public forum on X, with documentation published via Deaton's CryptoLawUS channel. Settlement terms, if any, will be scrutinized for investor restitution models.

Best Cryptos to Buy Now: BlockDAG, XRP, XMR and ALGO Show Real Growth Potential

BlockDAG leads the pack with a record-breaking presale, raising $333.5 million ahead of its GLOBAL LAUNCH. The project's layered DAG architecture addresses longstanding cryptocurrency challenges, offering a limited-time entry price of $0.0016—a potential 3,025% gain at launch.

XRP maintains dominance in payments and remittances, buoyed by recent legal clarity. Its established infrastructure continues to attract institutional interest despite ongoing regulatory scrutiny.

Monero (XMR) demonstrates the enduring demand for privacy-focused networks, with its loyal community driving consistent adoption. The coin remains a benchmark for untraceable transactions in an increasingly surveilled digital economy.

Algorand (ALGO) makes strategic advances in sustainable DeFi solutions, bridging traditional finance with blockchain technology. Its energy-efficient protocol and real-world financial applications position it as a dark horse in the smart contract platform race.

XRP Price Prediction: Analyst Spots 2017 Setup on XRP Chart – New All-Time High Could Be Days Away

XRP has surged 2.5% in the past 24 hours to $2.34, defying a broader market downturn. The altcoin now boasts a 435% year-over-year gain, with technical analysts drawing parallels to its 2017 bull run that propelled it to a record $3.40.

Charting Guy's fractal analysis shows striking similarities between current price action and the December 2017-January 2018 period. The alignment of key highs suggests potential for new all-time highs by winter, bolstered by Ripple's growing institutional traction.

Ripple CEO to Urge US Senate for Crypto Regulatory Clarity in Pivotal Testimony

Ripple CEO Brad Garlinghouse will address the US Senate Banking Committee today, advocating for regulatory frameworks that position America as a blockchain leader. His testimony underscores the industry's decade-long struggle with legal ambiguity, which he argues has stifled domestic innovation while pushing talent overseas.

Garlinghouse frames Ripple's mission around building an 'Internet of Value,' leveraging the XRP Ledger's decentralized infrastructure for cross-border payments. The company holds over 60 global licenses—a deliberate strategy of compliance that contrasts with what he describes as Washington's 'regulation-by-enforcement' approach.

The CORE argument hinges on urgency: without clear rules, the US risks ceding its competitive edge. XRP's established use case in banking payments serves as a tangible example of blockchain's potential when regulatory certainty exists.

Ripple Partners with BNY Mellon to Custody RLUSD Stablecoin Reserves

Ripple has secured a pivotal alliance with Bank of New York Mellon Corporation (BNY Mellon), appointing the $43 trillion asset custodian as the primary guardian of reserves for its RLUSD stablecoin. The partnership, effective July 1 but announced July 9, signals Ripple's aggressive push to merge institutional finance with blockchain utility.

BNY Mellon will provide custody and transaction banking services for RLUSD, a NYDFS-approved stablecoin designed for enterprise use. The collaboration leverages BNY's TradFi credibility to position RLUSD as a bridge between legacy systems and digital asset innovation—eschewing speculative use cases for real-world financial infrastructure.

How High Will XRP Price Go?

Based on technical and fundamental analysis, BTCC financial analyst Sophia projects a near-term target of $3 for XRP, with potential for further gains if bullish momentum continues. Key factors include: