XRP is drawing close to a potential breakout, with traders and analysts pointing to the $2.33 level as a crucial barrier.
If daily candles close above this threshold, several experts expect a strong upward move.
Technical indicators support the bullish narrative. According to trader Dark Defender, XRP’s RSI and EMAs have turned bullish, while Ichimoku Clouds are on the verge of flipping positive. The setup signals growing momentum on the daily time frame.
No Room Left to Move, Says EGRAG Crypto
EGRAG Crypto noted that XRP has compressed within a narrowing range and is now reaching a decision point. The price currently sits just beneath a long-standing descending resistance. A clean breakout above $2.35 could spark a rapid move higher, he says, while failure to hold above support could flip sentiment.
“The big question,” he adds, “is whether XRP breaks out or breaks down.”
Ripple CEO Fuels Long-Term Hype for XRP
Adding to the excitement, Ripple CEO Brad Garlinghouse stated at the APEX 2025 event that XRP could capture 14% of SWIFT’s global payment volume within five years.
That claim sparked speculative chatter, with some in the XRP community projecting long-term valuations above $1,000 per token.
While such predictions remain highly speculative, short-term momentum appears to be building. XRP traders now watch closely for a decisive daily close above $2.33—potentially unlocking the next leg in a long-awaited move.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/xrp-nears-key-breakout-what-will-trigger-it/