XRP’s Historic Quarterly Close Signals Bullish Breakout Ahead
XRP has marked a significant milestone by closing its highest-ever quarterly candle, decisively breaking above the long-standing $2.25 resistance level. This achievement signals a potential bullish breakout, with the cryptocurrency showing three consecutive higher highs—a strong indicator of long-term momentum. Analysts are closely watching this development, as it could herald a new phase of growth for XRP.
XRP Posts Historic Quarterly Close, Signaling Potential Bullish Breakout
XRP has achieved a milestone by closing its highest-ever quarterly candle, breaking decisively above the $2.25 resistance level that held for years. The cryptocurrency's latest three-month candlestick marks a clean breakout from its prolonged consolidation phase, with the chart showing three consecutive higher highs—a strong bullish signal for long-term momentum.
Analysts highlight the significance of quarterly candles as robust trend indicators, surpassing the noise of shorter timeframes. The breakout suggests XRP may be entering a new phase of upward trajectory, though sustained volume and follow-through will be critical to confirm the trend.
XRP Price Regains Traction — Is a Powerful Upside Break Brewing?
XRP has mounted a fresh rally, decisively breaching the $2.30 resistance level. The cryptocurrency now trades firmly above $2.280 and its 100-hour moving average, signaling bullish momentum. A key trendline support at $2.280 on the XRP/USD hourly chart suggests underlying strength.
The recovery follows a successful defense of the $2.25 support zone, with XRP outperforming both Bitcoin and ethereum in recent sessions. Technical indicators show the rally has already retraced 50% of the previous decline from $2.353 to $2.251. Market watchers now eye the $2.32 resistance as the next battleground.
Should buyers overcome the immediate hurdle at $2.33 — representing a 76.4% Fibonacci retracement — the path could open toward $2.35 and beyond. The Kraken-listed pair's technical structure suggests accumulation at current levels, with the moving average convergence providing additional support.
XRP Breaks $2.28 on Ripple’s U.S. Banking License Push
XRP surged past the $2.28 resistance level as Ripple's pursuit of a national banking license in the U.S. fueled bullish momentum. The breakout, backed by robust trading volume, signals strong market conviction and opens the door for a potential rally toward $2.38 and beyond.
Ripple's application for a national trust bank charter with the Office of the Comptroller of the Currency has reignited investor confidence. The MOVE underscores Ripple's commitment to regulatory compliance and deeper integration into traditional finance—a development likely to attract further institutional interest. XRP remains one of the few altcoins with clear legal standing in the U.S., reinforcing its appeal.
Between July 6 and July 7, XRP climbed 2.36%, rising from $2.21 to $2.26 amid aggressive buying. Trading volume peaked at over 67 million units during the 10:00 hour, coinciding with the breakout. The price briefly touched $2.29 before stabilizing above the $2.24–$2.25 support zone.
Key volume spikes at 08:00, 10:00, and 13:00 highlighted intraday momentum. Bulls successfully defended the $2.24–$2.25 range during an 18:00 pullback, solidifying it as a critical support level. A sustained move above $2.28–$2.29 could propel XRP toward $2.38, with longer-term targets between $2.60 and $3.40.
2% Of All XRP Is In His Hands — But Who Is He?
Arthur Britto, a co-founder of Ripple Labs and a pivotal figure in the creation of the XRP Ledger, has broken a 14-year silence with a cryptic emoji post on X. His reemergence has reignited speculation about his influence and holdings in the XRP ecosystem.
Britto holds a 2% stake in XRP, a position that could be worth billions if the token's value surges. Market participants are wary of potential price volatility should he decide to liquidate even a portion of his holdings.
Comparisons to Bitcoin's enigmatic creator, Satoshi Nakamoto, have long followed Britto. The timing of Satoshi's disappearance coinciding with the XRP Ledger's launch has fueled unsubstantiated theories linking the two.
XRP Price Climbs Despite Dip in Trading Volume
Ripple's XRP gained 2.95% to trade at $2.33 on Wednesday, extending its weekly advance to 6.28%. The rally comes despite a 36.95% drop in daily trading volume, which typically signals waning trader interest.
Market capitalization now stands at $137.4 billion as XRP outperforms major cryptocurrencies. The token's divergence from volume trends suggests accumulation by long-term holders rather than speculative trading.
Cronos, SPX6900 and Raydium led gainers across digital assets, while meme coins Bonk and Story topped losers. The market moves follow a period of consolidation after recent ETF approvals sparked institutional interest in the sector.
Ripple CEO Heads to Capitol Hill as Senate Debates the Future of Crypto
Ripple CEO Brad Garlinghouse is set to testify before the Senate Banking Committee in a hearing titled "From Wall Street to Web3: Building Tomorrow’s Digital Asset Markets." The session, hosted by the Senate Subcommittee on Financial Institutions and Digital Assets, marks a pivotal moment in the U.S. regulatory landscape for cryptocurrencies. Garlinghouse’s appearance underscores Ripple’s transition from a legal battleground with the SEC to a key voice in shaping market structure legislation.
Industry leaders, including Summer Mersinger of the Blockchain Association, Dan Robinson of Paradigm, and Chainalysis co-founder Jonathan Levin, will join the discussion. The hearing aims to balance innovation with consumer protection, as lawmakers accelerate efforts to codify crypto oversight. Garlinghouse has publicly called for constructive legislation, emphasizing the need for clarity in digital asset markets.
Tax implications for crypto are also re-emerging as a focal point in Capitol Hill debates. The outcome of today’s hearing could significantly influence the next phase of regulatory frameworks for digital assets in the U.S.
