XRP surged over 6% in the past 24 hours, breaking through the key $2.84 resistance level and closing above $2.91, signaling institutional buying strength. With volume spiking to 176 million XRP at the time of the breakout, traders are now setting sights on the next major resistance at $3.40.
Between July 13 (06:00) and July 14 (05:00), XRP climbed from $2.77 to $2.93, registering a trading range of $0.171. The strongest move came at 03:00, where hourly volume doubled the norm, confirming a high-conviction breakout.
“This isn’t just technical – it’s capital-backed. The size of the flows tells the real story,” one analyst noted.
Volume-Led Rally Suggests Institutional Intent
- Breakout Volume: 176M XRP at 03:00 — 2x the hourly average
- Market Cap Surge: $30B increase this week to $163.98B, making XRP the #3 ranked crypto by market capitalization
- Support Zones: Held strong at $2.91–$2.92 in the final hour
- Final Move: XRP closed at $2.930, up 6.04% on the day, confirming strength into the close
Triangle Breakout Confirms Bullish Structure
XRP’s recent price action marks a clean breakout from a multi-session descending triangle, a pattern typically followed by high-momentum upward moves when confirmed by volume — which it was.
- Price broke above $2.84, previously a strong resistance zone
- Sustained support above $2.91 suggests buyers are stepping in on every dip
- Higher lows and strong volume signal that momentum remains intact
- If price clears $2.94–$2.95, the path toward $3.10 and $3.40 opens
“The structure is bullish and intact — this is no flash rally,” said one market technician reviewing hourly candle trends.
Why XRP Is Rallying Now
Several key drivers are supporting XRP’s rise:
- Institutional buying, evident from above-average spot and futures volume
- Regulatory clarity improving in the U.S. and globally
- Ripple’s enterprise adoption expanding, adding utility to XRP’s use case
- Macro tailwinds such as softening rate hike expectations and strong crypto inflows
What Traders Are Watching
- Will XRP flip $2.934 into solid support and consolidate for a breakout?
- If price breaks below $2.91, a retest of $2.84 could occur
- Continued 100M+ hourly volumes would suggest sustained institutional support
Final Takeaway
XRP’s latest breakout isn’t retail-driven hype — it’s backed by volume, structure, and fundamentals. With a clean move above $2.84, firm support at $2.91, and capital flowing in, XRP is positioning itself as a leader in this crypto cycle.
If current momentum holds, $3.10 and $3.40 are realistic short-term targets — and XRP may be on the verge of reclaiming its place among the top-performing digital assets of 2025.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.