XRP Eyes Breakout as Price Nears $2.33 Resistance Level

XRP is showing strong upward momentum, gaining 1.84% in the past 24 hours to trade around $2.26, as it nears a key resistance level that could determine its next major move. According to on-chain analyst Ali, XRP is approaching the critical $2.33 mark—close to its 200-day simple moving average. A breakout above this level could propel the token to $2.60, with further potential to reach $3 if bullish sentiment continues.

Ali emphasized on social media that surpassing $2.33 would be a bullish confirmation, signaling a new phase of upward momentum. The $2 level remains a crucial support zone in case of a short-term rejection or fakeout, offering a safety net for both traders and long-term investors.

Adding to the bullish outlook, XRP is gaining attention from institutional investors. A recent $200 million inflow could fuel further buying pressure. Meanwhile, expectations for a U.S. spot XRP ETF are driving optimism, with Bloomberg analysts Eric Balchunas and James Seyffart assigning a 95% probability of SEC approval. If confirmed, XRP would join Bitcoin and Ethereum in the growing list of spot crypto ETFs, boosting mainstream adoption.

Ripple, the company behind XRP, is also making strategic moves. It has applied for a national banking license with the U.S. Office of the Comptroller of the Currency (OCC), signaling a broader push into regulated finance.

Technically, XRP’s BTC pair has broken out of a falling wedge pattern—typically a bullish reversal signal—suggesting a resumption of the uptrend after its recent pullback. As momentum builds, traders and investors are closely watching whether XRP can break past the $2.33 resistance and ignite its next major rally.