- XRP breaks $2.95 resistance, signaling a potential uptrend.
- Ripple CEO predicts XRP ETF by year-end 2025, boosting optimism.
- Current price at $3.06 tests critical support for future gains.
The cryptocurrency market is buzzing with excitement over XRP’s latest technical breakthrough.
A recent 4-hour chart analysis from Cryptoes (@cryptoes_ta) on X highlights XRP’s Tether perpetual contract on Binance closing above a critical resistance level around $2.95. This breakout, following a 100% rally since a bullish retest noted on TradingView on August 4, 2025, signals strong bullish momentum for the Ripple-affiliated cryptocurrency.
The chart suggests that if XRP holds this level as support, it could pave the way for the next leg up in its price trajectory. Adding fuel to the optimism is Ripple CEO Brad Garlinghouse’s March 2025 Bloomberg interview, where he predicted an XRP exchange-traded fund (ETF) by year-end. This potential development could attract significant institutional capital, reinforcing the technical breakout and driving further price appreciation.
With XRP currently trading at $3.06331 (up 1.77% in the last 24 hours per TradingView), the market is at a pivotal juncture. Historical data from Barchart.com’s Trader’s Cheat Sheet indicates that blue support zones below the last price often limit downward moves, suggesting that the current level’s stability could be a make-or-break moment for the predicted uptrend.
The crypto community on X is abuzz with reactions, with traders like @bitfoxdotai noting a “clean breakout” and @Gavyn14289435 emphasizing the importance of resistance flipping to support. However, skeptics like @No_name_trader_ are asking for price targets, while others like @ScootsatWhidbey express enthusiasm with a bold “It’s go time!” sentiment.
Despite bearish predictions from figures like Cramer, the consensus among XRP enthusiasts leans toward a bottom being in, supported by whale activity and the launch of Ripple’s RLUSD stablecoin, which has seen XRP surge 13% recently. As the market watches closely, XRP’s ability to maintain this support level will be key to unlocking its next growth phase.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
