"XRP cleared the weekly cloud for the first time after catalysts like Trump’s election and Gensler’s resignation, leading to a 420% rally in November, reaching $2.63."
"After the 2024 rally peaked, XRP drifted lower but broke through the weekly cloud in late June 2025, resulting in a 65% rally to $3.65, a new cycle high."
"Whenever XRP consolidates below the weekly cloud and real catalysts trigger simultaneously, the cloud breaks, leading to explosive price movements, and this setup is forming again."
XRP is currently positioned at the bottom of the weekly Ichimoku cloud, a setup that has historically triggered significant price rallies. Previous breakouts led to price surges from $0.50 to $3.40 in late 2024 and from $2.20 to $3.65 in July 2025. The recent market dynamics, including the resignation of SEC Chair Gary Gensler, have contributed to XRP's price movements. Currently priced at $1.43, XRP is poised for another potential breakout, similar to past patterns that resulted in substantial gains.
Read at 24/7 Wall St.
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