XRP Price Eyes Fresh Rally Amid Bullish Technical Breakout
XRP has demonstrated strong bullish momentum, breaking past critical resistance levels and signaling potential for further gains. The cryptocurrency surged above $3.20 after rebounding from a low of $2.959, now trading comfortably above its 100-hour moving average. A significant technical breakout occurred when XRP/USD breached a bearish trend line at $3.240 on Kraken's hourly chart. This upward movement suggests the asset could soon test the $3.3850 resistance level, with interim hurdles at $3.30. Traders and investors are closely monitoring these developments as XRP continues to show strength in the market.
XRP Price Eyes Fresh Rally Amid Bullish Technical Breakout
XRP has surged past key resistance levels, signaling potential for further gains. The cryptocurrency climbed above $3.20 after rebounding from a low of $2.959, now trading comfortably above its 100-hour moving average.
A technical breakout occurred when XRP/USD breached a bearish trend line at $3.240 on Kraken's hourly chart. This momentum could propel the asset toward $3.3850 resistance, with interim hurdles at the $3.30 level and the 50% Fibonacci retracement of its recent decline.
The recovery notably outperforms Bitcoin and Ethereum's recent movements. Market watchers suggest maintaining support above $3.150 is crucial for sustaining the upward trajectory.
PAXMINING Launches Enhanced Cloud Mining Platform Amid XRP Rally
XRP has surged 34% in the past week, trading around $3.55 as the broader crypto market shows mixed signals. While on-chain data hints at a potential 10-15% short-term correction, long-term optimism persists with Fundstrat predicting a rise to $4.50.
In this volatile landscape, PAXMINING—a UK-based green cloud mining leader since 2017—has unveiled an upgraded platform. The service eliminates traditional barriers like equipment costs and technical complexity, offering XRP holders and other crypto users accessible mining via European data centers.
The platform's emphasis on sustainability and low entry thresholds aligns with growing demand for hassle-free mining solutions. Market momentum and institutional forecasts suggest a pivotal moment for cloud mining adoption.
XRP Price Prediction: Elliott Wave Pattern Suggests Imminent Rally Toward $3.82
XRP trading volume surged as prices briefly touched $3.30, rebounding strongly from the $3 support level—a key psychological threshold that has bolstered bullish sentiment. Analysts observe an emerging Elliott Wave structure, with the current consolidation potentially forming Wave 2 before a decisive push toward $3.82.
Market watchers highlight the resilience of the $3.00 floor after XRP failed to hold resistance at $3.21. The absence of new lows suggests accumulation, with traders anticipating a Wave 3 breakout that could challenge all-time highs. Catalysts include growing speculation about a U.S. spot XRP ETF following the launch of similar products abroad.
Topnotch Crypto Launches XRP Daily Income Contract Amid Market Downturn
Topnotch Crypto, a global smart mining platform, has introduced an XRP passive income contract designed to convert static holdings into dynamic earnings. The MOVE targets investors seeking to capitalize on XRP's current low price range rather than waiting for a market rebound.
The platform emphasizes XRP's inherent strengths—low transaction fees, high liquidity, and cross-border payment utility—as foundational value propositions. Daily contract yields can be withdrawn or reinvested, with automated conversion to USD to lock in value.
Security features include McAfee and Cloudflare protection, segregated cold/hot wallets, and a global network of 100+ clean-energy mining farms. The offering requires no technical expertise or equipment maintenance from participants.
XRP Breaks Multi-Year Downtrend, Analysts Bullish on Sustained Rally
XRP has shattered a seven-year bearish trajectory, surging past $3 with a recent peak at $3.6 before stabilizing NEAR $3.19. The breakout from a descending triangle pattern—anchored by steadfast support at $1.77—signals a structural shift, according to crypto analyst JackTheRippler. Market sentiment now leans toward sustained upward momentum rather than the deep retracements seen in prior cycles.
Technical charts reveal the altcoin's resilience during months of consolidation, repeatedly testing but never breaching the $1.77 floor. The July rally above $3.6 invalidated a downward trendline dating to December 2024, reinforcing the narrative of a new bullish phase. "The train has left the station," declares JackTheRippler, dismissing prospects of a catastrophic pullback despite typical post-breakout volatility.
XRPL's Missing Ledgers Spark Debate Over Blockchain Immutability
A technical mishap in the early days of the XRP Ledger (XRPL) has resurfaced as a contentious issue, challenging the notion of blockchain's permanence. The first 32,569 ledgers—equivalent to roughly a week of transactions—were lost due to an error, leaving ledger #32,570 as the de facto genesis block. This revelation has reignited debates about transparency and trust in distributed ledger technology.
Ripple CTO David Schwartz has been drawn into the fray after crypto community members questioned whether the missing data constitutes a breach of trust. The discussion, amplified on social media platform X, underscores broader tensions between blockchain's idealized principles and its practical implementations. "RandomEyesER" and other commentators have framed the incident as a potential fraud vector, though no evidence of malicious intent has emerged.
