XRP has just confirmed a significant technical breakout, signaling what many believe could be the start of a strong bullish trend. The digital asset, the backbone of Ripple's global payment network, has broken free from a prolonged descending resistance, igniting renewed excitement across the cryptocurrency market. As of the time of reporting, XRP is trading at $2.77, up 1.41% on the day and showing strong signs of bullish momentum.

This breakthrough has caught the attention of renowned cryptocurrency analyst JackTheRippler, who posted on X, "XRP has confirmed a strong breakout! Get ready to become wealthy." His post included a chart clearly showing that XRP has broken out of a descending triangle pattern, which had held back prices since late 2024.

A Classic Technical Breakout

The chart shows that XRP has been accumulating in a descending triangle pattern, characterized by lower highs and flat support around $1.78. This pattern had constrained XRP's price volatility for several months. However, at the beginning of July, a surge in trading volume pushed the price above the upper boundary of the triangle, confirming a textbook breakout.

Technical analysts often view such breakouts as strong bullish signals. The projected price target from this pattern suggests XRP will move towards the $3.40–$3.60 range, marking the highest levels seen in years. This breakout has also transformed the old resistance level into support, reinforcing the potential for continued price increases.

Strengthening Fundamental Basis Supporting the Surge

While technical factors are crucial, fundamental factors are increasingly favoring XRP. The ProShares XRP ETF is set to launch, expected to begin trading on July 18, has garnered additional interest from institutions. Additionally, Ripple's recent application to establish Ripple National Trust Bank has sparked speculation that XRP could become an essential bridge asset in a newly tokenized financial system.

Market confidence in XRP is also benefiting from the imminent resolution of the prolonged legal battle with the U.S. Securities and Exchange Commission (SEC). With improved legal transparency and Ripple's ecosystem expanding globally, XRP is being viewed as a more utility-driven asset rather than a speculative token.

The Path Ahead

Investors are now targeting the psychological threshold of $3.00 as the next key milestone. If broken with strong confidence, this level could trigger a buying wave driven by FOMO sentiment, potentially accelerating XRP's ascent to its all-time high of $3.84, last recorded in January 2018.

As usual, some short-term pullbacks may occur, but the overall trend has shifted. The recent breakout, supported by strong trading volume and improved market sentiment, positions XRP as one of the most promising digital assets heading into the latter half of 2025.

With growth momentum, solid technical resistance, and reinforced fundamental factors, XRP’s path ahead is brighter than ever. As JackTheRippler boldly stated - "Get ready to become wealthy", this phase may be set for the strongest rally ever of $XRP .