Analyst Says XRP Will Print a Big Breakout to $3 Once This Hurdle Is Resolved
2025-07-11 16:03:58
Main Idea
Analyst predicts XRP will break out to $3 after surpassing the $2.60 resistance level, supported by technical and fundamental factors.
Key Points
1. XRP has broken through the key $2.60 resistance level, signaling potential for further gains towards $3.00.
2. Analyst Cryptoinsightuk highlights that the breakout from a descending wedge formation and strong whale accumulation (47 billion XRP held by large wallets) indicate institutional interest.
3. Minor resistance is expected in the $2.70–$2.90 range, but momentum indicators and volume suggest a clear path to $3.00.
4. Fundamental factors, including Ripple's stablecoin RLUSD and global XRP Ledger adoption, support the bullish momentum.
5. A break above $3.00 would mark XRP's highest level since its all-time high in January 2018.
Description
XRP has officially broken through the key $2.60 resistance level, marking a pivotal moment in its ongoing rally. This level, which had capped upside progress for weeks, has now given way, clearing the path for a renewed push toward $3.00. According to prominent analyst Cryptoinsightuk, this breakout confirms that XRP’s next big move is already underway, with $3.00 firmly in sight. XRP Breaks Above $2.60 Resistance Earlier this week, XRP staged a textbook breakout from a descending wedge formatio...
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