Is XRP About to Break Out or Just Break My Heart? 🤔

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Key takeaways:

  • XRP price needs to break above the $2.20-$2.30 range and 200-day SMA at $2.36 to clear the path to $3. But who’s counting, right? 🤷‍♂️

  • XRP/BTC breaks multimonth downtrend as RSI shows a bullish divergence. Finally, some good news! 🎉

XRP (XRP) price remained unchanged on Tuesday, down 0.1% over the last 24 hours to trade at $2.26. Analysts now highlight the key resistance levels that must be broken on the path toward $3. Because, you know, $3 is the new $2.26. 🤷‍♂️

XRP must reclaim the 200-day SMA

XRP must close above the $2.20-$2.30 range on the daily chart. The 50-day simple moving average (SMA) is at $2.22, and the 100-day SMA is at $2.20. After that, bulls are required to overcome the resistance at $2.36, the 200-day SMA, to target higher highs above $3. Because, you know, why not? 🤷‍♂️

Historically, flipping the 200-day SMA into support has always preceded a massive rally in XRP price. For example, the last time the XRP/USD pair crossed above the 200-day SMA in November 2024 was followed by a 430% rally in price to a multiyear high of $2.90 reached on Dec. 3, 2024. Who knew XRP was a rollercoaster? 🎢

The “momentum is building, and XRP’s breakout is close!” said crypto analyst CasiTrades in a Monday post on X. Because, you know, every analyst is a prophet now. 🤠

According to the analyst, multiple higher lows, followed by a reclaim of the $2.25 support, were “classic bullish continuation signals.” CasiTrades explained that this level was where the apex of the multimonth trendline and the 50-day and $100-day SMAs appeared to converge. Because, you know, convergence is the new black. 🕶️

“We’re now sitting just below $2.30, our local resistance. Once this level breaks, the next likely targets are $2.69 and $3.04.”

Making similar observations, pseudonymous analyst Dom said that the price is trading above a key “breakout zone” above $2.25, the convergence of all major VWAPs, or Volume Weighted Average Prices, and the 160-day downtrend line. Because, you know, who doesn’t love a good VWAP? 📊

“This is the exact momentum bulls need to aggressively show up and it can send to $2.40s.”

XRP/BTC looks to snap multimonth downtrend

XRP is also showing bullish signs against Bitcoin (BTC). On July 6, the XRP/BTC pair broke above a multimonth descending trendline at 0.00002065. This line has acted as resistance for the pair since March. Because, you know, resistance is futile. 🖖

A retest of the trendline will confirm the end of the downward trend, clearing the path for the XRP/BTC pair to break out higher. Because, you know, breaking out is the new black. 🕶️

XRP’s upside is supported by a growing bullish divergence between its XRP/BTC pair and the relative strength index (RSI). The chart above shows that the XRP/BTC pair dropped between May and July, forming lower lows, while the daily RSI ascended to 55 from 28, forming higher lows. Because, you know, divergence is the new convergence. 🤯

A divergence between falling prices and a rising RSI usually indicates weakness in the prevailing downtrend, prompting traders to buy more on the dips as investor interest increases and seller exhaustion sets in. Because, you know, who doesn’t love a good dip? 🍨

Market analysts expect continued outperformance of XRP against BTC, with Mikybull Crypto saying that the pair needed to overcome the resistance at 0.000022 to confirm the upside. Because, you know, resistance is just a suggestion. 🤷‍♂️

“Break this trendline resistance and XRP will rally strong.”

As CryptoMoon reported, an XRP/BTC breakout from a symmetrical triangle could lead to 70% gains, which will also likely send XRP price above $3. Because, you know, triangles are the new circles. 📐

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2025-07-08 13:29