XRP flips $2.20 into support with $4.80 target now in play
Ripple seeks U.S. bank charter, boosting XRP’s position
XRP gains traction as structure and fundamentals align
XRP remains above $2.00 after breaking out from multi-month compression, while Ripple expands its role in institutional finance. The price structure stays intact, supported by both technical and fundamental momentum.
Breakout Structure Signals Bullish Continuation
XRP broke through a descending wedge that had suppressed price action since February on Binance’s daily chart. A strong bullish candle closed above $2.20, flipping former resistance and confirming a trend reversal. Upside targets now sit at $2.60, $3.20, and $4.00 as the rally progresses toward Q4.
Crypto Patel reviewed the breakout using Binance chart data and confirmed the shift in structure. He observed XRP testing the downtrend line repeatedly from February through June without follow-through. That pressure finally resolved with a breakout above $2.20 in late June.
Source: (X)
XRP printed higher lows before breaking resistance, showing buyers were gaining control beneath the trendline. He emphasizes that reclaiming $2.20 and converting it into support is a critical trigger for bullish continuation.
From the price reaction, the projected rally path now stretches toward $4.80. Resistance levels at $2.60, $3.20, and $4.00 stand as critical checkpoints in this rally. He also highlights that volume behavior during the breakout matches conditions seen in XRP’s past rallies.
Ripple’s Banking Expansion Lifts Fundamentals
Ripple has applied for a U.S. bank charter and is backing the RLUSD stablecoin through its partnership with Amina Bank. It also teamed up with Tenity to launch an XRP Ledger accelerator in Singapore. These steps strengthen XRP’s position in regulated financial infrastructure amid rising political attention.
Alexia analyzed XRP’s breakout on the Bitstamp chart and connected it to Ripple’s broader institutional strategy. She confirmed the wedge breakout above $2.25, aligning it with a clear upside path toward $4.00 by October.
https://twitter.com/Alex1i9/status/1941098254424592699
Reviewing this chart setup, she finds that XRP’s structure supports a stair-step rally, with projected pauses at $2.65, $3.02, and $3.40. Each level reflects prior resistance zones that now shape the roadmap ahead.
More notably, she highlights Ripple’s push into regulated banking, noting the U.S. bank charter filing and Amina Bank partnership. She also points to the XRP Ledger accelerator in Singapore, which signals deeper integration into institutional-grade systems.
Momentum is picking up as XRP’s move blends technical breakout with Ripple’s institutional progress. The U.S. Senate hearing featuring Ripple’s CEO brings added focus to XRP’s current position. As long as $2.20 holds and volume remains strong, the setup favors buyers. Both analysts agree that XRP now stands at the intersection of technical breakout and financial expansion.
