The cryptocurrency market is buzzing with excitement over XRP's recent technical breakthrough, marking an important milestone for Ripple and its community.
Technical Analysis of XRP
A recent analysis of the 4-hour chart by Cryptoes shows that XRP closed above the $2.95 resistance level. This breakout follows a 100% rally since a bullish retest noted on August 4, 2025, indicating strong bullish momentum for the Ripple-affiliated cryptocurrency.
Ripple's ETF Expectations
Adding to the optimism is Ripple CEO Brad Garlinghouse's prediction of an XRP exchange-traded fund (ETF) by year-end 2025. This potential development could attract significant institutional capital, further reinforcing the technical breakout and driving price appreciation.
Crypto Community Reactions
The crypto trading community is abuzz with discussion, noting a 'clean breakout' and emphasizing the importance of support. However, some skeptics are calling for clear price targets, while others are expressing enthusiasm about the current market moment. As of now, XRP is trading at $3.06, up 1.77% in the last 24 hours.
XRP's ability to maintain its current support level will be critical for unlocking the next phase of growth. The market is watching closely for further developments.
