- XRP trades at $2.19 as traders eye Q3 breakout, with $4.60 set as a midterm price target.
- Support holds at $2.07 while resistance at $2.20–$2.35 remains crucial for upside confirmation.
- Legal clarity and bullish technicals suggest XRP could lead the next altseason rally.
XRP is currently trading at $2.19, following a period of consolidation within a narrow range. Analysts and traders are increasingly focused on a potential breakout as XRP holds key support zones and tests overhead resistance. Many are pointing to Q3 2025 as a likely window for a major rally, with a midterm target of $4.60 now being discussed.
XRP Holds Support as Market Prepares for Possible Rally
XRP recently rebounded from support around $2.07, with buyers stepping in after the asset corrected from previous highs. The resistance area between $2.19 and $2.20 remains a challenge. If price closes above this zone, it may set up for a move toward $2.25 and $2.30.
According to an analysis prepared by Captain Faibik, XRP is “gearing up for a parabolic breakout” and Q3 is setting up to be a “monster rally.” Traders are also monitoring resistance between $2.30 and $2.35. A break above this zone could push price toward $2.60, with $4.60 as a midterm objective.
The Relative Strength Index (RSI) shows bullish divergence, suggesting that downward momentum is weakening. On-chain data from Santiment shows that large holders are increasing their XRP positions. This supports the view that institutional traders are accumulating at current levels.
Legal Clarity and Technical Structure Support Bullish Outlook
Ripple has formally withdrawn its cross-appeal in its legal case with the U.S. Securities and Exchange Commission. The SEC is expected to do the same, marking the end of a multi-year legal battle.
According to Brad Garlinghouse, Ripple is “closing this chapter once and for all.” Technical analysts also point to a 334-day triangle pattern, which is nearing completion. According to Egrag Crypto, the breakout zone falls between early July and mid-September 2025.
This structure has historically signaled sharp upward moves once completed. Crypto Patel added, “Price broke resistance after months of consolidation. If support holds, XRP could lead the next altseason run.”
