XRP mirrors its 2017 breakout structure, suggesting a possible rally toward $3 and beyond.
Holding above $2.16 and flipping $2.25 to support is key to XRP’s continued bullish trend.
ETF inclusion and bullish chart patterns are driving renewed interest and upward momentum for XRP.
XRP is showing renewed momentum as it trades at $2.28, with bullish indicators pointing toward a potential breakout. Recent developments in ETF approvals and key chart patterns are increasing optimism around its price movement. The structure resembles a previous cycle, which many believe could signal another strong upward trend.
XRP’s Current Setup Mirrors a Previous Bull Run
According to an analysis prepared by Coinvo, “History doesn’t repeat but it often rhymes,” suggesting XRP’s current market movement is similar to the 2017 cycle. During that period, XRP formed a breakout, retested a key support zone, and then rallied to new highs. The ongoing price structure now shows similar conditions.
https://twitter.com/ByCoinvo/status/1940440329779364228
The token has bounced off the $2.16–$2.18 area, which is widely viewed as a crucial support zone. XRP briefly rose to $2.32 before retracing to the 0.382 Fibonacci level near $2.22. According to an observation by CasiTrades, holding this zone keeps the bullish structure intact and allows for a continuation of the upward trend.
If XRP maintains support above $2.16 and reclaims $2.25, chart targets of $2.69 and $3.04 become more likely. Technical patterns, such as the inverted head and shoulders, are also forming, indicating potential reversal and continuation of bullish momentum. The RSI remains in a favorable zone, supporting upward movement.
ETF Developments and Whale Activity Fuel Optimism
XRP’s inclusion in the Grayscale GDLC fund, which allocates 4.8% to the token, may support its upward trajectory. With SEC approval, this marks a turning point in institutional access to XRP.
According to an update from Bloomberg analyst James Seyffart, a similar Bitwise ETF deadline is expected by July 31. This may add further momentum to the asset. At the same time, XRP has shown an inverted head and shoulders pattern, which is often seen before trend reversals.
Technical indicators like the RSI also support bullish sentiment. Analysts now focus on $2.48 as a short-term target. If buying pressure resumes, a rally toward $3 and even new all-time highs remains possible.
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