Is Ripple (XRP) About to Explode to $2.60? Here Are the Key Signs You Can’t Ignore!

Jakarta, Pintu News – The price of XRP (XRP) surged over the weekend, but the rally is now on hold as it is currently trading at $2.29, only edging up 0.5% in the last 24 hours (8/7).

Several indications have now emerged suggesting that the Ripple token may be on the verge of a breakout to the upside, with the nearest target at $2.60.

Why the XRP Price Could Reach $2.60

According to a Coingape report (8/7), a number of signs have emerged suggesting that the XRP price is likely to experience a major rally, and could soon hit a multi-month high of $2.60.

Some of the supporting factors include:

Potential upside breakout from ascending triangle pattern
Surge in open interest
Aggressive buying activity from whales against XRP token
Ripple’s efforts in obtaining a banking license as well as the growth of RLUSD

**15% Rise from Bullish Triangle Pattern**

The price of XRP is currently forming an ascending triangle pattern, which often signals a potential breakout to the upside if there is increased buying activity.

This pattern is characterized by a series of higher lows and a stable resistance line, indicating that the selling pressure is easing but buyers are still not fully convinced.

If the price of Ripple manages to break the resistance level at $2.29 and then tests it again as a strong support level, the price could potentially rise by 15.31% to reach $2.64.

For this bullish projection to materialize, the RSI value needs to stay above the 50 mark and not drop below that average level. This is quite possible given that the ADX line is also showing an uptrend, which confirms that the current bullish momentum is quite strong – allowing the XRP price to break the resistance and surpass $2.60.

Open Interest Surges Ahead of Ripple CEO’s Senate Testimony

XRP’s open interest has increased significantly in recent days, indicating that most speculative traders have returned to the market.

Data from Coinglass shows that XRP open interest has now surpassed $5 billion for the first time since May, having risen by almost $1.5 billion in the past two weeks.

The positive funding rate indicates that traders opening positions now are longs, i.e. those who expect the price of XRP to continue to rise. One of the triggers for this optimism is likely to be the testimony of Ripple’s CEO, Brad Garlinghouse, who will appear before the US Congress.

Most recently, Garlinghouse is scheduled to testify regarding the CLARITY Act on July 9. The bill aims to improve regulatory clarity in the US crypto industry. This development could be a major catalyst pushing the price of Ripple towards $2.60.

Whale Bets on XRP Price Rise

The whales are also speculating that the price of XRP will increase, as seen by the increase in the number of tokens purchased by these large addresses.

One of the groups aggressively buying are holders of between 100 million and 1 billion coins, whose holdings have increased from 7.6 billion to 8.59 billion.

At the same time, whales holding between 100,000 to 1 million coins have bought 30 million coins in the past two weeks, which could be an indication that they are currently in an accumulation phase.

With the increasing demand from these large addresses, the potential for a surge in Ripple’s price is opening up, especially since the technical structure described earlier points to a target of $2.60.

Ripple Bank License & RLUSD Growth

Last week, Ripple applied for a banking license, which helped drive a slight increase in the price of XRP.

The community is now eagerly waiting to see if this license will be approved, as if it is, the price of XRP will likely see a more significant increase.

Another positive signal in favor of a potential rally is the growth of the RLUSD stablecoin. Recent analysis from the CoinGape website notes that the growth of RLUSD could push up the price of XRP, after the stablecoin’s market capitalization rose 800% this year and is now close to the $1 billion mark.

Overall, the price of XRP is likely on the verge of a rally, and the first signal that suggests a move towards $2.60 is the ascending triangle pattern.

Other supporting factors such as rising open interest and whale activity may also strengthen this price recovery.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

Coingape. 4 Signs XRP Price May Surge to $2.60 Soon. Accessed on July 9, 2025

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