XRP Price Prediction: Breakthrough the key resistance level of $2.60, sprinting towards the historical high of $3.40

XRP breaks out of the sideways predicament and returns to the forefront of the bull run XRP recently broke through the key resistance level of $2.60, reaching a high of $2.9292, making it the asset with the largest gain among the top ten cryptocurrencies by market capitalization. This marks XRP's official exit from the sideways range it has been in since 2025 ($2.00–$2.50), and it has reclaimed its position as the third largest crypto asset globally, following Bitcoin and Ethereum. The entire cryptocurrency market capitalization remains above $3.3 trillion, with the sentiment indicator "Crypto Fear and Greed Index" reaching 73 points, indicating that the market is overall in a state of strong greed. Gold is steady around $3,400, the US stock market S&P 500 has broken through 6,200 points, and the US dollar index has fallen below 97, providing additional upward momentum for crypto assets.

Regulatory dust has settled, XRP has regained institutional favor The key factor that ignited the latest rally of XRP is the SEC's formal withdrawal of its appeal against Ripple in June, marking the end of a four-year regulatory dispute. In 2023, Judge Analisa Torres ruled that the sale of XRP in the secondary market does not constitute a securities violation, and this ruling has now become a final conclusion. This has cleared the investment barriers for institutional investors. The founding team of Ripple is also one of the founders of XRP. In the past, they were sued by the SEC for selling XRP and faced hefty fines. Now, the company has resolved the dispute by paying a small fine, injecting confidence into the market.

Ripple applies for a federal trust bank charter, initiating a new phase of financialization Ripple submitted a bank license application to the Office of the Comptroller of the Currency (OCC) in early July, aiming to become a nationally regulated crypto trust bank. Once approved, Ripple will be able to legally custody crypto assets and expand its financial services. This news has attracted market attention and led to an initial increase of 3% in the price of XRP, followed by continued buying.

XRP ETF expectations are high, becoming the market focus Following the launch of ProShares' 2x long Ultra XRP ETF (UXRP), discussions around the spot XRP ETF have continued to heat up. A total of 11 asset management companies, including Grayscale, have submitted applications to convert their XRP trusts into spot ETFs, referencing the successful paths of Bitcoin and Ethereum ETFs. According to the prediction platform Polymarket, the market believes that the probability of XRP ETF approval by the end of 2025 is as high as 85%, while another platform, Myriad Markets, gives a passing probability of 70%, which is higher than that of Litecoin (LTC) ETF.

Technical indicators support an upward trend, momentum indicators strengthen XRP has successfully broken through the resistance zone of $2.60 on the daily chart, currently trading at $2.92. The trend strength indicator ADX is at 34, well above the strong trend threshold of 25, indicating that the current upward movement has continuity. The Exponential Moving Average (EMA) shows: the 50-period EMA has crossed above the 200-period EMA to form a "golden cross", which is a typical bullish signal, and the gap between the two is widening, further confirming the strengthening of upward momentum. The Relative Strength Index (RSI) is at 81, and although it is in the "overbought zone," this indicator can maintain high levels during a strong trend. The volatility indicator (Squeeze) shows a "release" state, accompanied by a bullish signal, indicating that the current breakout has actual volume support and is unlikely to be a false breakout. Volume analysis shows that the range of $2.00–$2.40 is the main trading concentration area, providing a solid support base. A surge in volume when breaking through $2.60 verifies that this rise is driven by real buying pressure.

Key technical levels reference (short term) Resistance levels: $3.00 (psychological barrier), $3.40 (January 2025 high) Support levels: $2.60 (previous resistance), $2.20 (trading zone)

Conclusion: Is XRP on the path to a historic new high? With clear regulations, anticipation for ETFs, and technical support, XRP is currently in a bull-dominated market. If the price effectively breaks through $3.00 and holds, it is expected to challenge the historical high of $3.40. Investors should closely monitor the progress of Ripple's banking license application, the pace of ETF approvals, and the evolution of market sentiment.