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Key Takeaways:
- XRP must close above the $2.30 resistance and 200-day SMA to confirm bullish momentum.
- A breakout in the XRP/BTC pair signals growing market strength and investor confidence.
- Analysts project a potential 70% rally if current resistance levels are flipped.
XRP price held steady on Tuesday, trading just 0.1% lower at $2.26. Despite the stagnant price action, crypto analysts remain optimistic about a potential breakout. The key to unlocking XRP’s next leg higher lies in reclaiming critical technical levels, especially the 200-day simple moving average (SMA) and the psychological $2.30 mark.
Currently, XRP is sandwiched between the 50-day SMA at $2.22 and the 100-day SMA at $2.20. A close above these levels, along with a move past $2.30, would set the stage for a rally toward $2.69 and even $3.04. As crypto analyst CasiTrades noted, “momentum is building, and XRP’s breakout is close,” highlighting that XRP has formed multiple higher lows—often a precursor to bullish continuation.
200-Day SMA Is the Key to Repeating 2024’s 430% Rally
One of the most important technical milestones for XRP is the 200-day SMA, currently sitting at $2.36. This level has historically signaled major rallies when flipped into support. Back in November 2024, a breakout above the 200-day SMA preceded a massive 430% rally to $2.90 by early December.
Analyst Dom echoed this bullish sentiment, stating XRP is now trading above a “breakout zone” marked by $2.25, the convergence of multiple volume-weighted average prices (VWAPs), and a 160-day downtrend line. “This is the exact momentum bulls need to aggressively show up,” he said, suggesting a move into the $2.40s may be imminent.
$XRP update
— Dom (@traderview2) July 6, 2025
A week later, price has slowly been grinding higher above the 160 day downtrend
This is the first time we have seen acceptance above and even a retest on LTF
XRP is currently trading above all major VWAPs I referenced last week
This is the exact moment bulls need… pic.twitter.com/uiphNBCMrs
XRP/BTC Breakout Signals Strength Beyond the Dollar Pair
In addition to its USD pairing, XRP is also showing signs of strength against Bitcoin. The XRP/BTC pair broke above a long-standing downtrend line on Sunday at 0.00002065, ending months of lower highs since March.
This technical breakout is supported by a bullish divergence in the Relative Strength Index (RSI). While the XRP/BTC price posted lower lows between May and July, the RSI climbed from 28 to 55—an indication of waning bearish pressure and growing buying interest.
Also Read: Ripple Launches XRPL EVM Sidechain
According to analyst Mikybull Crypto, XRP/BTC needs to clear the 0.000022 resistance to unlock a potential 70% rally, a move that could also send the XRP/USD pair soaring past $3.
XRP Bulls Must Defend Key Levels for Breakout
XRP’s price is holding steady, but strong technical setups suggest an explosive move could be around the corner. Traders are closely watching
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
