Mark Twain’s Take on XRP’s Wild Ride: Breakout or Bust?

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Well, now, if you ever thought you’d seen the last of XRP‘s antics, think again, my friend. This little digital critter is back in the green, inching ever so close to a key technical level that could spell its next big price move. According to on-chain analyst Ali, XRP is showing all the signs of an impending breakout, which could mean a whole lot of excitement for both the short-term traders and the long-term holders. 🚀

Ali, a man who knows his way around a chart, has his eye on the $2.33 resistance level. He reckons that if XRP can manage to break through this level and stay above it, it might just pave the way for a rally to $2.60. That’s right, folks, a potential surge in upward momentum that could make your head spin. 🤯

A breakout above $2.33 could propel $XRP toward $2.60!

— Ali (@ali_charts) July 5, 2025

“A breakout above $2.33 could propel XRP toward $2.60,” Ali wrote in a recent X post. Now, that’s a bold statement, and one that’s got the whole crypto community on the edge of their seats. 🪑

At the time of writing, XRP was up 1.84% in the last 24 hours, sitting pretty at $2.26. With XRP approaching this breakout zone, all eyes are on whether the bulls can muster the strength to break through the $2.33 level (around the daily SMA 200). This could very well determine its trajectory in the coming weeks. 📈

A successful breakout might just pave the way for even bigger advances to $2.60 and eventually $3. But, of course, if the market decides to play a little trick on us, the $2 level provides a strong near-term support. So, keep your seatbelts fastened, folks, it’s going to be a bumpy ride. 🎢

Optimism remains

And if you thought the excitement was over, think again. XRP is expected to launch as a spot ETF in the U.S., which is fueling positive options market expectations. Bloomberg analysts Eric Balchunas and James Seyffart are betting big on this, with a 95% chance of the SEC approving a spot XRP ETF. That’s about as close to a sure thing as you can get in this wild world of crypto. 🎉

Ripple, the fintech business that uses XRP to facilitate cross-border transactions, has also thrown its hat into the ring. They’ve applied for a national banking license with the Office of the Comptroller of the Currency (OCC). Now, that’s a move that could shake things up a bit. 🤔

XRP’s Bitcoin-denominated price, as indicated by the XRP/BTC pair, might be on the rise after breaking out of a falling wedge formation. For those of you who aren’t chart wizards, a falling wedge is a bullish reversal pattern with two converging trendlines indicating a narrowing price range. This suggests that the pullback from the April highs has concluded, and the overall XRP bullish trend has resumed. 📈

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2025-07-06 19:20