XRP Breaks Key Level to Spark Potential Bull Run

XRP is making waves in the crypto market as it breaks past crucial resistance levels, signaling the potential for a larger bullish trend. The recent 10% surge in XRP has excited market participants, driving renewed confidence in the asset’s trajectory as technical signals turn bullish and on-chain metrics indicate growing accumulation.

XRP has formed an ascending channel on the charts, which reflects the strengthening momentum behind its price. Importantly, the token has now surged above both the 26-day and 50-day Exponential Moving Averages (EMAs), a historically bullish development that indicates a shift in trader sentiment. Investors appear to be positioning themselves within the $2.30-$2.40 range, suggesting a willingness to adopt higher risk in anticipation of further gains.

Accompanying this technical shift, increased on-chain activity reveals that user adoption of the XRP network is growing. The number of new addresses interacting with the network saw an uptick last week, pointing towards fresh capital entering the ecosystem. This data aligns with the volume-based confirmation of the rally, highlighting that genuine buying activity—rather than fleeting speculative moves—is driving the climb.

The technical posture of XRP continues to improve, with the token now trading above key moving averages. With the Relative Strength Index (RSI) holding in the mid-60s, XRP has further room to grow before entering overbought territory. This makes the $2.40–$2.50 range a critical zone for investors to watch. If XRP can decisively breach this historical resistance, it could swiftly climb to the psychologically significant $3 level.

Meanwhile, the broader crypto market is lending support to XRP’s bullish potential. Shiba Inu (SHIB), often seen as a retail favorite, has shown signs of revival. SHIB has climbed above its 26-day EMA—a level it has struggled with in recent months. This kind of breakout often precedes further upward movement, and SHIB investors are growing increasingly optimistic.

With SHIB reflecting renewed strength, particularly between the $0.0000125 and $0.000013 levels, the focus now shifts to its ability to maintain a daily close above this zone. If successful, the next resistance levels align with the 50 and 100 EMAs, providing an advancement path toward $0.00002. While resistance layers exist, the RSI currently sits around 53, a number that suggests more room to grow before exhaustion.

Ethereum is also cementing its bullish narrative with strong accumulation and consistent higher lows. ETH is now securely positioned above its 50, 100, and 200-day moving averages, trading near the $2,670 level. From a technical standpoint, this reinforces a foundation for further growth. Despite a dip in trading volume since June, such patterns are often precursors to breakout moments, signaling weakening seller momentum and increasing accumulation.

Most notably, approximately 285,000 ETH—roughly 5.34% of the supply—has been withdrawn from exchanges between June and July. This withdrawal often reflects investor confidence, as assets are moved into long-term storage rather than being positioned for near-term selling. The RSI for ETH has also climbed to around 60, suggesting growing upward strength without overheating.

As XRP breaks through resistance and signs of confidence ripple through the altcoin market, traders and analysts alike are optimistic about the cryptocurrency’s future. While key levels need to be surpassed, XRP’s current technical structure supports the view that a larger bullish phase may be unfolding.

Related: XRP Price: $12M Max Pain for Bears

Should broader market sentiment stay positive and fundamentals remain aligned, XRP, along with peers like SHIB and Ethereum, could continue their march upward in the coming weeks.