- XRP breaks descending channel, setting sights on $6.40 resistance.
- U.S. may include XRP in national crypto stockpile reserve.
- Technical setup favors bullish continuation above $3.30 breakout level.
XRP is approaching a critical technical juncture, fueling market anticipation. Analyst EGRAG CRYPTO analysis show that XRP has broken out of a multi-month descending channel. The token has surged above the channel’s upper boundary and is now testing the $3.30 resistance.
EGRAG noted that a daily close above this threshold could confirm a bullish trend continuation. In that case, the next macro target sits at $6.40.
The analysis also referenced the “Macro GO-GO Level” at $1.27, which has been acting as a major support zone. As XRP consolidates above this level, market sentiment remains optimistic. Traders are watching for a confirmation candle above $3.30 to validate the breakout and initiate further upside movement.
White House May Add XRP to U.S. Crypto Stockpile
On the regulatory front, the White House is preparing to release a report on the national crypto stockpile. The report, scheduled for July 30, may include XRP alongside Bitcoin and Ethereum. The Strategic Bitcoin Reserve and the U.S. Digital Asset Stockpile were introduced under executive orders signed in March 2025.
Citing anonymous sources, analyst Xaif suggested that XRP could be listed in the Federal Reserve as a strategic digital asset. Given XRP’s unique regulatory position and institutional backing, this possibility has intensified market speculation. If confirmed, inclusion in the report could further legitimize XRP’s use in national-level financial infrastructure.
Bulls Push for Breakout Above $3.2462 Short-Term Resistance
Meanwhile, XRP is trading near the $3.2462 resistance on the 1-hour chart. The token rebounded from the $3.0111 support on July 25 and has steadily advanced since. Analysts identify breakout targets at $3.3964 and $3.5147. The current setup favors long positions, with a stop-loss near $3.1402 to manage downside risk.
Market structure supports further gains if XRP sustains above short-term resistance. Momentum indicators reflect growing confidence among bulls as price action aligns with broader breakout patterns. As XRP hovers near key levels, traders await validation for a potential new rally 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.
