Crypto multi-millionaire and market analyst Gordon has drawn fresh attention to XRP with a bold declaration: the digital asset is on the verge of a major breakout. In a recent post on X, Gordon stated, “I have been telling you about this XRP wedge for WEEKS. We are on the CUSP of breaking out. Do you understand?”
His confidence stems from a specific technical pattern that is rapidly approaching a breakout point.
The Wedge Pattern Signaling Momentum
At the core of Gordon’s claim is a descending wedge pattern that has been developing on XRP’s chart since early May. This pattern, widely recognized by technical analysts, is typically bullish. It occurs when price action tightens between downward-sloping support and resistance lines. As the range narrows, a breakout, usually to the upside, becomes more likely.
XRP, currently trading around $2.38, has recently broken above the key $2.28 resistance level with increasing volume, signaling that buyers may be stepping in. This technical breakout comes just as the wedge nears its apex, which many analysts interpret as a high-probability launch point for a stronger upward move.
I have been telling you about this $XRP wedge for WEEKS.
We are on the CUSP of breaking out.
Do you understand? pic.twitter.com/mINzH0hjix
— Gordon (@AltcoinGordon) July 9, 2025
Institutional Interest and Technical Confirmation
Several developments lend credibility to Gordon’s bullish outlook. XRP recently formed a Golden Cross, where the 100-day moving average crossed above the 200-day—a classic long-term bullish signal. This setup has historically preceded major price surges in both traditional and crypto markets.
Adding to the momentum, XRP futures are seeing substantial activity. Open interest across major exchanges has surged past $5.5 billion, while the CME recently logged $542 million in XRP futures volume. This level of institutional involvement suggests deepening confidence and a readiness to capitalize on potential volatility.
In a related development, XRP also made headlines after ProShares’ XRP futures ETF was added to the DTCC (Depository Trust & Clearing Corporation) list, a step that strengthens its standing within traditional finance circles and underscores broader acceptance.
Ripple’s Regulatory Wins and Expanding Ecosystem
Beyond technicals, XRP’s fundamentals are solid. Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC) is approaching a favorable end, which will solidify XRP’s status as a non-security when traded on exchanges. With regulatory clarity, institutional confidence in the asset is being restored.
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Ripple has also launched its U.S. dollar-backed stablecoin, RLUSD, and expanded its central bank digital currency (CBDC) initiatives globally. The recent inclusion of XRP in Grayscale’s Digital Large Cap Fund, along with ongoing ETF applications and the upcoming Bitstamp-Robinhood derivatives exchange built on the XRP Ledger, further demonstrates XRP’s growing relevance in both crypto and traditional finance.
A Defining Moment for XRP
All eyes are now on the charts. If XRP can break out above $2.40 with strong volume, analysts suggest it could quickly target the $2.75–$3.00 range. More optimistic projections, based on historical fractals from XRP’s 2017 rally, even suggest a move toward $3.50 or higher could be possible in the coming months.
Still, traders should remain cautious. Breakouts without follow-through volume often fail, and the broader market environment, including regulatory developments and macroeconomic shifts, remains a key variable.
For now, Gordon’s call appears well-founded. XRP’s chart, fundamentals, and growing institutional traction all point to a market that is not just ready—but possibly overdue—for a breakout. Whether the momentum can be sustained will be revealed in the days ahead.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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