XRP (XRP) has seen a notable price surge after being included in a newly filed cryptocurrency Exchange Traded Fund (ETF) by Donald Trump's Truth Social platform. The fund, named the Crypto Blue Chip ETF, aims to track a basket of major cryptocurrencies, now officially including XRP alongside Bitcoin, Ethereum, Solana, and Cronos.
The announcement has had a direct impact on XRP's price. In the last 24 hours, XRP is up 6%, currently trading at $2.57 and setting its sights on the $2.60 mark. This breakout signifies a potential fresh rally, with immediate targets at $2.67 and potentially higher in the coming days or weeks.
Technical analysis supports this bullish outlook. XRP has decisively broken out of a significant resistance zone between $2.31 and $2.36, a level that had previously capped its price for an extended period. This breakthrough suggests XRP is moving beyond a long sideways consolidation phase and could be preparing for a more substantial upward movement.
Should XRP successfully clear short-term hurdles around $2.44, its climb could continue towards the next important resistance level between $2.60 and $2.65. Conversely, any potential pullback is expected to find strong support in the recently overcome resistance zone of $2.31 to $2.36, which is now anticipated to act as a price floor.
Analysts are now speculating on XRP's potential to reach new all-time highs. The current price action is seen as the middle of a "third wave rally," a phase historically characterized by strong upward momentum. If this positive trend persists, XRP could eventually target $3.30, $5.00, and in the longer term, even aspire to levels as high as $9.81. However, reaching these ambitious targets would necessitate exceptionally bullish broader market conditions.
In the short term, key support levels to monitor in case of a price retracement are around $2.25–$2.36. Maintaining prices above these zones would be crucial for sustaining the current bullish trend.
July 2025, Cryptoniteuae