XRP, the third-largest cryptocurrency, has reached a new level by breaking long-standing resistance. Analyst Egrag Crypto expects this to signal the start of a new rally.
What the Breakout Means
XRP has officially broken through a resistance level that held since December 2024 at the 1.414 Fibonacci level, hovering around $2.70. As of July 2025, this barrier has finally been breached, and XRP is beginning to rise. The area above this level opens the way for significant price targets.
Fundamental Factors Driving XRP Growth
XRP is also benefiting from strong fundamental factors. The increased interest from institutional investors and the launch of Ripple's RLUSD stablecoin are contributing to the demand for XRP and renewed interest among retail and institutional investors. Analysts and traders are actively viewing XRP as a compelling breakout contender.
Levels to Watch and Risks
Despite the positive outlook, caution is warranted. The key support level remains at the $2.70 zone, below which the breakout could be invalidated, pushing XRP back into the $2.20–$2.30 range. However, if XRP continues to hold above this line and attract volume, the bullish case remains intact.
Should the current momentum continue, XRP could reach new levels with specific targets at $6.50, $20, and even $35. The current price near $3.00 suggests that a new phase of this rally is already unfolding.
