XRP Price Breakout Coming? 5 Signs Point to a 15% Rally

The post XRP Price Breakout Coming? 5 Signs Point to a 15% Rally appeared first on Coinpedia Fintech News

Ripple’s XRP hasn’t moved much lately, but signs are building that a bigger price jump could be around the corner. From whale buying and rising open interest to Ripple’s new banking license plan and the steady rise of its RLUSD stablecoin, many small clues hint that XRP could soon break past key resistance levels. Could this be the start of a 15% rally?

5 Key Signs Traders Should Watch

Here are 5 Signs that should not be ignored!

Open Interest Rises as Big Hearing Nears

One of the key signs is XRP’s growing open interest. It’s jumped from $3.5 billion to nearly $5 billion in less than two weeks. Many traders are betting on higher prices, and some think the upcoming testimony of Ripple CEO Brad Garlinghouse before the U.S. Senate could push XRP higher if it brings positive news for crypto rules.

XRP ETF Approval Odds Surge

A new point of excitement is the growing speculation around an XRP Exchange-Traded Fund (ETF) approval. According to prediction markets like Polymarket, there is now a 90% chance that an XRP ETF will be approved by the end of 2025. This optimism is fueled by recent regulatory wins for Ripple and the broader acceptance of crypto ETFs in the U.S.

Whales Are Accumulating XRP

Large whales are also making moves. Wallets holding between 100 million and 1 billion XRP have increased their holdings by nearly a billion coins recently. Smaller whales, with 100,000 to 1 million XRP, have bought another 30 million coins in two weeks.

Ripple’s Push For Banking License

Ripple’s push to get a banking license is also giving investors hope. If approved, it could boost trust in Ripple’s plans and lift XRP’s price. Many believe this fresh growth could flow back to XRP.

Triangle Pattern Hints at Breakout

Lastly, traders are hopeful is the ascending triangle pattern forming on XRP’s chart. This shape often appears before a strong upward move. If XRP can break and hold above the $2.29 resistance line and turn it into support, the next stop could be around $2.60, a jump of about 15%. 

Meanwhile, technical tools like the RSI and ADX also show that buyers still have strength, which supports this outlook.

As of now, XRP price is trading around $2.29 reflecting a rise of 0.7% seen in the last 24 hours.