XRP News Today: XRP Clears $2.50 Resistance Following Wedge Pattern Breakout and Rising Whale Activity

XRP has staged a notable breakout above the $2.50 resistance level, confirming a bullish reversal from a multi-week descending wedge pattern.

This latest surge has been accompanied by a sharp increase in trading volume and a wave of whale accumulation, reinforcing a strong shift in market sentiment.

XRP Price Breaks Out With Conviction

After consolidating for days under $2.45, XRP today pushed through a crucial technical resistance zone, climbing over 6% to reach $2.59. The breakout occurred on July 10 at 21:00 UTC and was driven by heavy trading volume, which spiked 168% above the 24-hour average.

XRP was trading at around $2.59, up 6.02% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin

This breakout also confirmed a technical pattern that traders had been watching closely. Descending wedge formations often precede sharp bullish reversals, especially when accompanied by strong volume. In XRP’s case, over 219 million tokens changed hands during the move, compared to the usual daily average of 81.85 million.

As a result, fresh support has now formed at $2.53, with the price consolidating steadily above $2.54. Analysts note that this level will be critical for maintaining the current bullish structure, especially in the face of minor profit-taking observed late in the trading session.

Whale Accumulation Signals Growing Institutional Interest

A significant contributor to the bullish momentum is rising institutional participation. Wallets holding more than 1 million XRP coins now control over 47.32 billion tokens, according to on-chain data. This whale accumulation trend has surged in tandem with Ripple’s ecosystem growth, particularly the RLUSD stablecoin, which recently crossed a $500 million market cap.

A total of 47.32 billion XRP is now held in large wallets containing at least one million tokens each. Source: Ledger Man via X

The presence of large buyers in the market signals confidence in XRP’s long-term value. Many institutional players appear to be positioning ahead of potential regulatory clarity in the U.S. and Asia-Pacific regions. This sentiment aligns with recent XRP predictions pointing toward sustained price appreciation, assuming bullish momentum continues.

Technical Indicators Point to Further Upside

Momentum indicators are currently aligned with the bullish breakout. The MACD has flipped positive on the hourly chart, and the RSI remains above 50, signaling strength. XRP is also trading well above the 100-hour simple moving average and a rising trendline with support around $2.50.

XRP overcame short-term exhaustion and invalidated 1-hour bearish divergences, signaling strong momentum toward the next key resistance at $2.69. Source: CasiTrades via X

The next resistance level to watch sits at $2.60. A confirmed move above this mark could open the door to further gains, with analysts projecting targets in the $2.70–$2.90 range. Should the rally continue, some forecasts even suggest a push toward $3.00 or beyond—potentially revisiting levels that would significantly impact the longer-term XRP price prediction 2025 discussions.

Meanwhile, downside risks remain contained for now. A break below $2.50 could signal a temporary retracement, with additional support located at $2.45 and $2.40. According to CasiTrades, a respected technical analyst, “The $2.69 level is a major resistance to watch, and any rejection from there could bring the price back toward $2.45, offering a favorable re-entry point.”

XRP Ecosystem Growth Reinforces Bullish Outlook

Beyond technical momentum, the broader Ripple XRP news landscape has added to the optimism. Ripple’s RLUSD, the company’s U.S. dollar-backed stablecoin, has gained traction across multiple exchanges and now exceeds $500 million in market capitalization. This growth reflects increasing adoption of the XRP Ledger for real-world financial use cases.

At the same time, traders are monitoring the regulatory backdrop closely. Ongoing developments in the Ripple vs SEC case continue to influence sentiment, particularly as the legal battle over whether XRP qualifies as a security nears resolution. A favorable outcome could remove a long-standing overhang on XRP price, encouraging further institutional inflows.

Looking Ahead: Will XRP Go Up from Here?

With fresh support established and whale demand surging, XRP is showing resilience not typically seen during overbought conditions. The alignment of bullish technicals, whale activity, and ecosystem expansion has created a powerful setup. As a result, many in the community are now revisiting long-term XRP price prediction after lawsuit scenarios and even floating targets around $5.00 should momentum hold.

XRP’s current price action appears to mirror its 2017 cycle, with a similar impulse-consolidation-impulse structure potentially targeting over $10 by year-end. Source: Mansasuma on TradingView

Despite a slight dip to $2.57 at the close of July 11, the structure of the uptrend remains intact. For now, XRP appears firmly in control of its direction, with the $2.60–$2.70 zone emerging as the next battleground.

As the market awaits the next move, XRP continues to defy short-term exhaustion signals and asserts its place as one of the most closely watched assets in the current crypto landscape.

Stay tuned for more XRP news today as traders watch for continued momentum, regulatory updates, and Ripple’s next moves in building out the XRP ecosystem.