1. Weekend rise recap: XRP rose above 2.3 dollars

Figure:https://www.gate.com/trade/XRP_USDT

According to multiple media reports, as of July 7, XRP has risen by more than 10% since last Friday, with the price quickly climbing from around $2.10 to above $2.30, demonstrating outstanding performance in the entire cryptocurrency market. This trend is seen as a reversal signal, especially after several weeks of consolidation, as XRP’s trading volume and price have both increased, indicating strengthened buying power.

2. Technical Analysis: Bullish Flag + Triangle Breakout

From a technical standpoint, XRP has broken through the “Bull Flag” pattern that has formed since June. This flag pattern typically appears during the consolidation phase of an upward trend, accompanied by low volatility. Once the upper edge of the flag is broken, it indicates the start of the main upward wave.

In addition, the daily chart shows that XRP has also broken through a converging triangle range, coupled with an increase in trading volume, supporting a short-term target of 2.50 USD, with further targets potentially reaching 3.30 USD or even 5 USD.

3. Institutional participation enhances confidence, and ETF expectations become a hot topic.

In addition to chart signals, the rise of XRP is also benefiting from the continued inflow of institutional funds. According to AInvest, funds including Teucrium and Grayscale are allocating XRP in preparation for potential ETF products.

Recently, XRP has also been included in the Nasdaq Crypto Index (NCIUS), further increasing its visibility in traditional finance circles. Investors generally expect that the approval for the XRP ETF may be finalized in the second half of this year. This kind of “speculative anticipation” often reflects in the price before the official announcement.

4. Ripple promotes compliance, aiding in the revaluation of tokens.

Ripple has achieved partial victories in its long-standing tug-of-war with the U.S. SEC, which constitutes a substantial benefit to the legality and trading freedom of XRP. Additionally, Ripple is actively developing the RLUSD stablecoin, promoting the use of XRP for Web3 payments and financial services, and has established partnerships with several banks in the Middle East and Asia to expand cross-border payment scenarios.

As the ecosystem steadily expands, the practical application value of XRP is being reassessed by the capital markets.

5. Market Outlook: Looking up to 3.3–5 USD? How to manage risks

Technically, if XRP can consistently stay above $2.30 and break through $2.50 with strong volume, the next target may be $3.30. In the long term, if the ETF comes true and compliance is fully promoted, the market’s expectation for XRP to reach $5 or even higher is not just talk.

However, it should be noted that if it breaks below the support of 2.20 dollars, the short-term upward trend may be paused, and investors need to set stop-loss levels and allocate their positions in batches.