Crypto Multi-Millionaire Says XRP Is on the Cusp of a Big Breakout. Here’s Why

Key Points

1. Gordon, a crypto multi-millionaire, claims XRP is nearing a major breakout, citing a descending wedge pattern on its chart since early May.

2. XRP recently broke above the key $2.28 level and formed a Golden Cross, a bullish signal, with futures activity surging past $5.5 billion in open interest.

3. Ripple's legal battle with the SEC is nearing a favorable resolution, and the company is expanding its ecosystem with initiatives like the RLUSD stablecoin and CBDC projects.

4. XRP's inclusion in Grayscale’s Digital Large Cap Fund and ongoing ETF applications highlight its growing relevance in crypto and traditional finance.

5. Analysts suggest a breakout above $2.40 could target $2.75–$3.00, with optimistic projections reaching $3.50 or higher based on historical patterns.