XRP's price surged following a breakout from a six-year symmetrical triangle, coinciding with the launch of the first XRP futures ETF and key U.S. crypto legislation.
XRP gained 4% from July 22 to July 23, closing near $3.51 after reaching a high of $3.57. This movement followed a breakout from a six-year symmetrical triangle and was influenced by the advancement of the GENIUS and CLARITY Acts in Congress, as well as the launch of ProShares' XRP futures ETF. Despite bullish momentum, institutional selling in the final trading hour tempered gains. Analysts have set near-term price targets of $6.00 and long-term projections up to $15.00 based on the breakout confirmation.