XRP Surges 4% on Technical Breakout, Maintains $3.50 Support as Traders Lock in Gains

XRP Surges 4% on Triangle Breakout as U.S. Crypto Legislation Gains Steam

XRP jumped 4% in the past 24 hours, climbing from $3.42 to an intraday high of $3.57 before settling at $3.51, as the digital asset broke out of a six-year symmetrical triangle pattern. The rally coincided with major legislative and institutional developments in the U.S. crypto landscape.

Momentum was driven by news that Congress advanced two key bills—the GENIUS and CLARITY Acts—which aim to establish clearer rules for digital assets, potentially removing uncertainty around XRP’s regulatory status.

Adding to the bullish backdrop, ProShares launched the first XRP futures ETF, a landmark for institutional adoption. Analysts responded by lifting short-term price targets to $6.00, with some forecasting a longer-term trajectory toward $15.00 based on the breakout pattern.

Intraday Price Action

XRP broke through the $3.52 resistance between 17:00–18:00 UTC, with volume soaring to 106.4 million—over 50% above the 24-hour average. The breakout propelled prices higher until institutional selling emerged in the final hour of trading.

Between 01:09 and 02:08 GMT, XRP showed signs of distribution. After briefly touching $3.52, the token reversed, with 2.25 million units sold in a one-minute window, pushing prices back toward $3.50.

Technical Outlook

• Breakout confirmed above $3.00 earlier this week; peak near $3.64.
• Resistance: $3.57 remains key.
• Support: $3.42 has held firm, marking strong institutional demand.
• Indicators: RSI and MACD are neutral, suggesting a potential pause in momentum.
• Targets: Analysts maintain $6.00 near-term; $15.00 possible on breakout continuation.

What Traders Are Watching

• Whether XRP can maintain support above $3.50.
• Institutional inflows following the XRP futures ETF debut.
• Further progress on U.S. crypto legislation and regulatory clarity.
• Signals of a potential XRP spot ETF in development.

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