Key Insights:
- XRP price surges amid ETF hype and bullish chart patterns.
- Institutional buying fuels momentum near the ascending triangle breakout zone.
- XRP targets all-time high as parabolic rally gains strength.
XRP price showed a steep upward trajectory, trading within a well-defined ascending channel. Buyers maintained strong momentum, pushing the asset closer to the $3.00 resistance. This level appeared significant, as past price action revealed it as a major supply zone.
Over the past week, XRP crypto price has surged by 25%. It is nearing its ATH of $3.84, which was seen 8 years ago.
Analyst Signals Possible XRP Price Breakout, Referencing 2017 Parabolic Trend
Crypto analyst JD has highlighted a potential bullish breakout for XRP, comparing the current pattern to its 2017–2018 parabolic rally. According to his analysis, recent chart activity indicates a breakout signal that could lead to a significant upward move.
JD pointed out a technical breakout that resembles XRP’s historic rally during the last major bull cycle. He emphasized that the chart shows a hidden bullish divergence and a key resistance break, which may confirm a larger XRP price bullish trend.
Claiming accuracy in his past XRP predictions, JD noted he previously called the $0.28 bottom. He now believes XRP could be nearing another top formation if the breakout holds.
XRP Eyes a Breakout Above Historic Level
A crypto expert has drawn attention to a critical support and resistance zone in the XRP/BTC pair. According to the analyst, this green zone has played a key technical role since 2014 and remains highly influential.
The chart presented shows that the XRP price has repeatedly reacted to this level across multiple market cycles over the past decade. Historical data suggests that whenever XRP closed strongly above this line, it often triggered sharp upward moves.
The expert emphasized that a confirmed weekly close above this area could serve as the ignition point for XRP’s next major breakout. This signal, if sustained, could potentially usher in significant bullish momentum for the XRP/BTC trading pair.
ProShares to Launch XRP ETF This July
ProShares will launch the first XRP exchange-traded fund (ETF) in the U.S. on July 18, 2025. The ETF will provide institutional investors with regulated exposure to XRP, which might lead to increased long-term stability in the market.
The asset management available to investors in ProShares is launched in parallel with the Crypto Week in Washington. So, the initiative could attract a lot of requests in both the cryptocurrency and financial industries.
Industry insiders estimate that the ETF will provide fresh stimulus for liquidity into the XRP. It will also affect wider attitudes towards significant digital assets, like Bitcoin or Ethereum.
As regulatory clarity increases, institutions can potentially include XRP in their portfolios. The launch might turn out to be one of the breakthroughs in the mainstream adoption of XRP.
Liquidity in the market has responded well, and Polymarket gives the market an 85% chance that a Ripple ETF would be approved by the end of the year. It has increased by 14% to that figure, pointing to an increasingly optimistic investing activity.
Effectively, ProShares XRP ETF can open the door to the entry of other funds covering crypto assets and full integration into conventional finance.
Is XRP Price Heading toward the $3 Level This Week?
XRP price currently sits at $2.9561, posting a strong 1.27% gain in the latest daily session.
The Relative Strength Index (RSI) shot up to 80.85, which shows an overbought situation. In the past, corrections or consolidations have occurred at such RSI levels. Nonetheless, what has kept bullish strength intact is yet to be determined.
The Chaikin Money Flow (CMF) was positive with a reading of 0.16, meaning there was still capital flow in favor of the bulls. It proved that there was a serious volume support of the rising trend.
Key resistance was marked at $3.00. If bulls managed a breakout above this level, the next major target could be $3.20. Beyond that, further upside might aim for $3.40, provided volume and momentum stay favorable.
On the downside, $2.80 acted as near-term support for XRP price. A break below this could trigger a correction toward $2.70. The lower trendline near $2.60 may be tested if bears strengthen further.
The post XRP Price Closes In On The ATH This Week After 25% Jump appeared first on The Market Periodical.
