XRP Pushes 4% Higher on Chart Breakout, Faces Resistance Amid Mild Profit-Taking

XRP Breaks Multi-Year Pattern as U.S. Crypto Bills Gain Momentum, Institutional Flows Turn Cautious

XRP gained 4% over the last 24 hours, breaking out of a long-term symmetrical triangle formation as U.S. lawmakers advanced key crypto legislation and institutional interest surged. The asset traded between $3.42 and $3.57 before closing near $3.51, following a sharp breakout and subsequent late-session selling.

The move came as the U.S. Congress progressed the GENIUS and CLARITY Acts, which seek to define the legal status of digital assets, including XRP. At the same time, ProShares introduced the first XRP futures ETF, marking a milestone for institutional accessibility.

Key Price Action

• XRP broke above $3.52 resistance during high-volume trading between 17:00–18:00 UTC, reaching a session high of $3.57.
• Volume spiked 52% above the 24-hour average, hitting 106.4 million during the breakout.
• Final-hour trading saw profit-taking, with prices pulling back to $3.51 on heavy sell volume — including a sharp 2.25 million token drop in one minute.

Technical Outlook

• Breakout: Confirmed triangle breakout earlier in the week above $3.00; weekly high reached $3.64.
• Support: Strong institutional bids held $3.42 multiple times.
• Resistance: $3.57 remains a key near-term cap.
• Indicators: RSI and MACD are neutral, suggesting slowing momentum.

Market Sentiment & Forward Watch

• Wall Street analysts have issued short-term targets at $6.00, with some projecting a path to $15.00 on longer timeframes based on the breakout structure.
• Traders are watching whether $3.50 will hold as support in the coming sessions.
• Institutional follow-through and progress on spot ETF proposals could shape the next leg.
• Continued congressional movement on crypto policy is likely to serve as a key macro driver.