XRP Price Breaks Out Ahead of Ripple CEO’s Senate Testimony
- Over 219M XRP moved, signaling possible insider accumulation ahead.
- XRP volume jumps 87%, with $335M in new capital this year.
- Inverse head and shoulders hints at breakout toward $2.60.
The XRP price chart is flashing signs of a possible breakout. After months of mostly sideways price action, XRP has finally pushed above the $2.34 mark, a level it hasn’t crossed since May. This move also breaks past a long-standing resistance line that’s been holding the token down since January 2025.
The move is backed by a surge in whale activity and comes just a day before Ripple CEO Brad Garlinghouse is set to testify before the U.S. Senate Banking Committee.
Crypto analyst Ali Martinez has observed that XRP appears to be forming an inverse head and shoulders pattern on the charts: a classic bullish signal. If confirmed, this pattern could push XRP’s price toward $2.60 in the near term.
Source: AliCharts
On-Chain Evidence: Whales Move Over $600 Million
The excitement around XRP isn’t just about its chart patterns. Blockchain data shows that whales recently moved over 219 million XRP (worth about $500 million) between unknown wallets. In another la…
The post XRP Price Breaks Out Ahead of Ripple CEO’s Senate Testimony appeared first on Coin Edition.
Read More
XRP (XRP) Price Prediction for July 19
XRP Price Breaks Out Ahead of Ripple CEO’s Senate Testimony
- Over 219M XRP moved, signaling possible insider accumulation ahead.
- XRP volume jumps 87%, with $335M in new capital this year.
- Inverse head and shoulders hints at breakout toward $2.60.
The XRP price chart is flashing signs of a possible breakout. After months of mostly sideways price action, XRP has finally pushed above the $2.34 mark, a level it hasn’t crossed since May. This move also breaks past a long-standing resistance line that’s been holding the token down since January 2025.
The move is backed by a surge in whale activity and comes just a day before Ripple CEO Brad Garlinghouse is set to testify before the U.S. Senate Banking Committee.
Crypto analyst Ali Martinez has observed that XRP appears to be forming an inverse head and shoulders pattern on the charts: a classic bullish signal. If confirmed, this pattern could push XRP’s price toward $2.60 in the near term.
Source: AliCharts
On-Chain Evidence: Whales Move Over $600 Million
The excitement around XRP isn’t just about its chart patterns. Blockchain data shows that whales recently moved over 219 million XRP (worth about $500 million) between unknown wallets. In another la…
The post XRP Price Breaks Out Ahead of Ripple CEO’s Senate Testimony appeared first on Coin Edition.
Read More