Altcoins News
By Sakamoto Nashi
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XRP Sees Bullish Momentum on Key Breakout. Between July 10 and July 11, XRP jumped from $2.42 to $2.57, reaching an intraday high of $2.59.
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RLUSD Stablecoin Adds Fuel to XRP Rally. One of the major catalysts behind the XRP rally is the rise of Ripple’s RLUSD stablecoin, which…
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Technical Analysis: XRP Breaks Out of Descending Wedge. From a technical perspective, XRP’s breakout is significant.
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What Traders Are Watching Next. Traders are now focusing on whether XRP can break the $2.
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Outlook: XRP Gathers Momentum, Eyes $2.90 and Beyond. The recent price breakout is more than just a technical move — it’s becoming a capital flow story.
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XRP has surged 6% over the last 24 hours, breaking out of a descending wedge pattern and drawing attention from traders and institutional investors alike.
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Between July 10 and July 11, XRP jumped from $2.42 to $2.57, reaching an intraday high of $2.59. The move was accompanied by a 168% surge in trading volume, with 219.
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According to on-chain data, whale wallets holding over 1 million XRP now control 47.32 billion tokens, indicating growing institutional demand for XRP.
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One of the major catalysts behind the XRP rally is the rise of Ripple’s RLUSD stablecoin, which recently crossed a $500 million market cap.
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Traders and analysts are optimistic that RLUSD’s success could enhance XRP’s use cases and lead to broader adoption, especially if Ripple receives favorable outcomes in its…
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From a technical perspective, XRP’s breakout is significant. The asset broke above a multi-week descending wedge pattern near $2.30 — a classic bullish continuation signal.
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Following the breakout, XRP confirmed its bullish momentum by consolidating above the $2.54 level.
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However, in the final hour of trading (between 2:28 AM and 3:27 AM UTC), XRP experienced a minor pullback from $2.58 to $2.57.
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Traders are now focusing on whether XRP can break the $2.60 resistance level, which could open the door to the next key price zone between $2.70 and $2.90.
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At the same time, analysts are keeping a close eye on whale wallet behavior and continued growth in the RLUSD stablecoin.
The Currency Analytics
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