XRP, the token associated with Ripple, is surging rapidly and gaining attention. After reaching $2.28, it’s now nearing a key breakout level. The sharp rise in trading volume shows growing interest from traders and investors. Many are watching closely, as a strong move upward—or a quick reversal—could happen soon. This could be a turning point for XRP regarding the current market trend.

XRP Breaks Key Level

XRP has just passed a critical price level, showing strong signs of growth. As the cryptocurrency market gains momentum, XRP has reached a high of $2.28 and is continuing to move upward. Experts also note a significant increase in trading activity, indicating that more people are becoming interested, possibly seeking to profit from short-term market movements.

But that’s not the whole story. This growing attention may indicate that a more significant shift is underway. For several weeks, there have been signs that traders are collecting more XRP. The recent price movements are forming a rising pattern that many analysts watch closely. With key levels being crossed, XRP may be entering a critical stage that could shape its future direction.

Chart Setup Hints at Possible XRP Breakout

On the daily chart, XRP forms an upward triangle—often a sign that a bigger move could be near. The key resistance sits between $2.30 and $2.32. If price breaks above this area, targets at $2.50, $2.75, and possibly $3 could come into play.

On the other hand, support near $2.16 holds the base of the pattern. If XRP pulls back, this level could act as a strong safety zone for traders watching for a bounce or re-entry.

XRP Gains Momentum Before Market Changes

The number of active XRP addresses has risen by 67.5%, showing more people are getting involved just before XRP futures launch on Coinbase. This increase suggests growing interest from retail investors and could lead to a spot ETF, making it easier for institutions to access the market.

The positive outlook around Ripple’s legal case also boost interest in XRP. Lawyer Bill Morgan highlighted the increasing activity in the new XRP futures market, with both large and small investors becoming involved. Teucrium CEO Sal Gilbertie discussed XRP’s real-world applications and compared them to Bitcoin. He also mentioned the launch of the 2X XRP ETF, which aims to double XRP’s daily price movements, sparking rumors that a non-leveraged spot ETF could be forthcoming.

Final Thoughts

XRP is gaining momentum, breaking past $2.28 and heading toward an essential technical breakout. With more people trading and a rise in active addresses, interest in XRP is increasing, particularly with the launch of XRP futures on Coinbase and optimism surrounding Ripple’s legal situation. As XRP approaches key resistance levels, traders are watching closely for a breakout, with potential targets of $2.50, $2.75, and possibly $3. This increased attention could begin a pivotal phase for XRP in the market.