Key Takeaways:
XRP (XRP) flashes signs of a potential 35% breakout as bullish technicals align with fresh fundamentals, including Ripple CEO Brad Garlinghouse’s renewed push for the blockchain company’s “internet of value” vision.
XRP price held a key support level
XRP’s price chart technicals indicate that it has bounced from the lower trendline of its prevailing ascending triangle pattern. That support has historically marked the start of powerful rebound moves, including 70-80% jumps earlier in 2025.
As of Saturday, the token had bounced by more than 8% after testing the trendline, also aligning with the 50-week exponential moving average (50-week EMA, represented by the red wave) at $2.33.
XRP may rally toward the triangle’s upper trendline at around $3.45, a 35% increase from current levels, by December, if history is any indicator.
Related: XRP price targets $3 as whale wallet count hits new all-time highs
Conversely, a breakdown below the triangle’s lower trendline could send the price toward June lows at around $1.65, down 25% from current levels.
Ripple Prime boosts XRP’s bullish case
Ripple’s expanding institutional strategy adds a strong fundamental tailwind to XRP’s bullish setup.
The company announced on Friday that it had finalized the acquisition of Hidden Road, while rebranding it to “Ripple Prime.” That makes it the first crypto company to operate a global, multi-asset prime broker, while onboarding existing institutional clients. Ripple wrote in the announcement:
“Ripple’s foundational digital asset infrastructure across payments, crypto custody and stablecoin, as well as the use of XRP, will complement the services offered within Ripple Prime.”
CEO Brad Garlinghouse called the deal another step toward building an “internet of Value,” emphasizing that “XRP sits at the center of everything Ripple does.”
Most analysts expect XRP to extend its gains following Garlinghouse’s endorsement.
Among them is trader Credibull Crypto, who said that Ripple’s massive XRP holdings give it every incentive to drive the token’s success, since the company stands to benefit the most from a higher valuation.
The comments also came as Ripple announced its intention to buy $1 billion in XRP tokens for a new treasury on the Nasdaq under the “XRPN” ticker.
Trader Zeiierman Trading said XRP can cross the $3-mark due to Ripple’s Hidden Road deal, noting that the token “is now positioned at the center of institutional adoption.”
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
