XRP Eyes Breakout Above $2 Amid Bullish Momentum – Key Levels to Watch
XRP is currently trading steadily at $2.28, showcasing resilience against broader market weakness as bulls successfully defend the $2.20 support level. The cryptocurrency has seen a notable surge in trading volume, indicating increased investor interest, although a slight dip in Futures Open Interest suggests some caution remains in the market. The Relative Strength Index (RSI) stands at a neutral 52, leaving ample room for potential upward momentum. Analysts are divided on XRP's near-term trajectory, with Ali Martinez pinpointing $2.33 as a critical resistance level that could determine the next major move. As of July 23, 2025, XRP's performance continues to draw attention, with many eyeing a potential breakout above the $2 mark, positioning it among the top altcoins primed for a significant surge.
XRP Targets Breakout Above $2 as Bullish Trend Builds – Best Altcoins Primed for a Surge
XRP is holding steady at $2.28, defying broader market weakness as bulls defend the $2.20 support level. Trading volume has surged, signaling heightened interest, though a dip in Futures Open Interest hints at lingering caution. The RSI sits at a neutral 52, leaving room for directional momentum.
Analysts are divided on XRP's trajectory. Ali Martinez identifies $2.33 as a critical resistance level—a breakout could catalyze upward momentum. EGRAG crypto points to a bullish symmetrical triangle breakout with a speculative $120 target (+9,000%), but warns of a potential retest of $1.24 before sustained gains.
Ripple CEO Brad Garlinghouse to Testify Before Senate on Crypto Regulation
Ripple CEO Brad Garlinghouse is set to testify before the U.S. Senate Banking Committee this week, spotlighting the need for clear regulatory frameworks in the cryptocurrency market. The hearing, scheduled for Wednesday, comes as lawmakers review pivotal bills on stablecoins and digital asset market structure—potential catalysts for long-awaited industry clarity.
Garlinghouse expressed enthusiasm for the opportunity, acknowledging Senators Tim Scott, Cynthia Lummis, and Ruben Gallego for their proactive stance on digital assets. Regulatory progress could significantly impact Ripple's ongoing legal challenges and the broader crypto landscape.
Meanwhile, XRP shows technical resilience, rebounding from $2.20 support to test a critical resistance zone between $2.31-$2.35. A daily close above $2.36 may trigger momentum toward $2.44, with $2.60-$2.65 emerging as the next battleground—a price range last observed in mid-May.
XRP’s Next Move: Will Breaking $2.30 Trigger Explosive Gains?
XRP’s trading volume surged 94.28% to $4.45 billion despite a marginal 0.29% price dip, signaling heightened market activity. Analysts observe a bullish trend as the token reclaims $2.25, suggesting shifting sentiment and potential accumulation phase completion.
A decisive break above the $2.30 resistance could propel XRP toward Fibonacci targets at $2.69 and $3.04. Technical analyst CasiTrades notes the formation of higher lows on charts, reinforcing the bullish case. CoinGlass data reveals a 110.90% spike in derivatives volume to $9.03 billion, underscoring growing trader interest.
XRP Builds Strength Above $2.26 With $2.38 in Sight
XRP surged 4.5% between July 7 and 8, peaking at $2.35 before stabilizing NEAR $2.26. Trading volume spiked, with over 182 million tokens exchanged during peak hours. The rally defies broader market hesitation, as technical patterns suggest sustained upward momentum if resistance at $2.38 breaks.
Institutional tailwinds amplify the bullish case. Grayscale added XRP to its Digital Large Cap Fund following regulatory clearance, while ten spot ETF applications await SEC review. Ripple's pursuit of a U.S. bank charter adds fundamental support. Analysts identify $3.40 as the next target should key technical levels fall.
Geopolitical turbulence continues to bifurcate crypto markets between risk-off sentiment and institutional capital flows. XRP's on-chain activity and regulatory progress position it as a standout among large-cap assets. The October decision timeline for ETF applications looms as a potential catalyst.
Ripple Whales Move 219M XRP Amid Token's Historic Quarterly Close
XRP markets stirred as WhaleAlert tracked a 219-million-token transfer between unidentified wallets—a $500 million movement coinciding with the asset's strongest quarterly close on record. The sending address, initially funded by Ripple Labs last year, still holds 32 million XRP, while the recipient wallet now safeguards 55 million tokens. Neither entity bears exchange affiliations, leaving market observers speculating about strategic positioning ahead of potential price catalysts.
XRP futures volume surged 87% to $4.72 billion despite subdued spot trading, suggesting institutional players are building exposure. The token breached the $2.25 resistance level with conviction, marking its first quarterly close above this psychological threshold—a technical milestone that often precedes extended rallies in crypto assets.
XRP’s Price History Raises New Questions About Market Manipulation
XRP remains one of the most scrutinized cryptocurrencies, not just for its legal battles but for price movements that defy conventional market logic. Analyst Jesse highlighted its 2017 surge—a parabolic rise from $0.15 to $3 in weeks—as a case study in volatility. The rally coincided with CoinMarketCap’s abrupt delisting of Asian exchange data, triggering panic selling. Before this, XRP had already climbed 800x from sub-cent levels, only to stagnate for years afterward.
Market participants now question whether external interventions or structural flaws suppressed XRP’s potential. The token’s inability to reclaim past highs fuels speculation about manipulated liquidity events. Such episodes underscore the crypto market’s vulnerability to opaque pricing mechanisms and concentrated trading activity.
