Crypto Multi-Millionaire Says XRP Is on the Cusp of a Big Breakout. Here’s Why
2025-07-09 18:11:08
Main Idea
A crypto multi-millionaire predicts XRP is on the verge of a major breakout, supported by technical patterns, institutional interest, and favorable regulatory developments.
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.
Description
Crypto multi-millionaire and market analyst Gordon has drawn fresh attention to XRP with a bold declaration: the digital asset is on the verge of a major breakout. In a recent post on X, Gordon stated, “I have been telling you about this XRP wedge for WEEKS. We are on the CUSP of breaking out. Do you understand?” His confidence stems from a specific technical pattern that is rapidly approaching a breakout point. The Wedge Pattern Signaling Momentum At the core of Gordon’s claim is a descending w...
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