TLDR
- XRP rose 6.04% to $2.93, breaking through the $2.84 resistance level with strong institutional support
- Trading volume spiked to 176M at 03:00, confirming the strength of the breakout from a descending triangle pattern
- XRP’s market cap increased by $30B, securing the #3 spot in global crypto rankings
- Technical analysis shows XRP broke out of a long-term consolidation pattern dating back to 2018
- Next price targets are $3.10 and $3.40, though a $70M inflow to Coinbase may create selling pressure
XRP experienced a strong rally on July 14, 2025, climbing 6.04% from $2.77 to $2.93 within a 24-hour period. The price movement broke through the key $2.84 resistance level that had been containing the cryptocurrency’s upward momentum.
The breakout occurred at 03:00 with trading volume spiking to 176 million, double the hourly average. This volume surge confirmed institutional participation in the rally. XRP closed above $2.91 despite some profit-taking during the session.
The price action represents a clean break from a multi-session descending triangle pattern. Market cap increased by $30 billion over the week, bringing XRP’s total market capitalization to $163.98 billion. This growth pushed XRP to the third position in global crypto rankings.
Technical Pattern Completion
Technical analysis reveals XRP broke out of a symmetrical triangle pattern that stretched back to 2018. The cryptocurrency had been trading within a consolidation range since February 2025, with the $2.6 range high serving as a key resistance level.
When you zoom out on $XRP, it's hard not to go all in. A weekly close above $3 could set the stage for a rally to $6 or even higher! pic.twitter.com/h8fROcAC7t
— Ali (@ali_charts) July 12, 2025
The breakout past $2.6 represented a bullish structure break on the weekly timeframe. Weekly swing points were marked at $1.61 and $3.4, with the move beyond $2.65 confirming the upward trend.
Daily chart analysis showed a bullish structure confirmation on July 9 with a move beyond $2.33. The Chaikin Money Flow indicator registered +0.05, indicating strong capital inflows. The MACD also climbed higher, signaling bullish momentum.
Price Targets and Market Outlook
With the $2.84 zone cleared and held, momentum traders are now eyeing the $3.40 level as the next major resistance zone. Intermediate targets include $3.10 and $3.30 based on the range formation breakout.
Some analysts project even higher targets, with one chart pattern suggesting a potential move toward $16.17. This would bring XRP’s market cap close to $1 trillion, though such projections remain highly speculative.
The final hour of trading saw XRP rise from $2.927 to $2.930, a modest 0.11% gain. Hourly volume remained around 85 million during the final session, confirming sustained interest from traders.
Price held above $2.91 throughout the final hour, forming a tight consolidation band. This price action suggests healthy cooling after the breakout rally.
For the upward momentum to continue, XRP needs to flip $2.934 into support territory. A clean break above $2.94-$2.95 would open the path to higher targets.
The cryptocurrency market’s broader bullish sentiment has supported XRP’s rally. Bitcoin reached new all-time highs, with altcoins following suit and pushing the total altcoin market cap past $1.25 trillion.
Bitcoin dominance dropped from 65.9% to 64.46% over two weeks, creating favorable conditions for large-cap altcoins like XRP. This shift in market dynamics has provided renewed bullish conviction since late June.
However, traders should monitor a $70 million inflow of XRP to Coinbase exchange. This large deposit could create selling pressure in the coming days.
The breakout above $2.84 was backed by real institutional flows rather than just technical momentum. Continued hourly volume above 100 million would signal ongoing institutional follow-through.
Current support levels sit at $2.91-$2.92 based on late-session price action. A breakdown below $2.91 could invite a retest of the $2.84 breakout level.
XRP’s recent performance demonstrates strong capital backing with volume confirmation at key resistance levels, positioning it as a market leader rather than follower.
