XRP Price Forms Bullish Pattern, Could Rally 15% to $2.65

TLDR:

• XRP price eyes $2.32 neckline in bullish IH&S pattern, targeting a move to $2.65.
• Price holds above $2 with rising volume, reinforcing short-term bullish momentum.
• XRP gained 7% in a week as traders eye July 9 Senate hearing for regulatory clarity.
• Chart shows breakout past 0.786 Fib level, increasing confidence in continued upside.

XRP’s price movement is showing signs of a possible trend reversal, capturing the attention of crypto analysts and traders. 

The recent formation of a bullish pattern has prompted projections of a 15% rally from current levels. Analysts point to strong on-chain activity and technical indicators supporting the upward momentum. The digital asset is currently holding steady above $2, a level considered crucial for short-term price direction. 

A potential breakout may soon test the projected target of $2.65, if market conditions remain supportive.

XRP Price Pattern Signals Breakout

According to chart analyst Ali, XRP is forming an inverse head and shoulders (IH&S) pattern, often considered a bullish reversal setup. 

$XRP appears to be forming an inverse head and shoulders pattern, potentially setting the stage for a 15% breakout to $2.65! pic.twitter.com/5XLBc5AIkm

— Ali (@ali_charts) July 3, 2025

This structure has emerged after a notable downtrend, with the price now showing upward signs. The pattern features two shallow troughs on either side of a deeper dip, suggesting exhaustion among sellers.

The neckline, a key resistance level around $2.32, has already been breached. The recent move above this level indicates that buyers are gaining control. If the pattern plays out fully, XRP may rally toward the projected target of $2.65, roughly 15% higher than its current price.

The chart shows that XRP reached a low near $1.90, forming the head of the pattern. Since then, the asset has climbed steadily, breaching the neckline. A rise past the 0.786 Fibonacci retracement level further supports the bullish case, signaling growing momentum.

Analysts often use Fibonacci levels to track potential price reversals or continuation zones. With XRP now above this threshold, confidence in upward price movement has grown. 

The neckline at $2.32 may now act as a support zone, a level traders are closely watching for signs of sustained strength.

XRP Price Holds Above $2 Ahead of Key Senate Hearing

The latest market data shows XRP trading at $2.28, with a 24-hour trading volume exceeding $3.8 billion, according to CoinGecko. 

Over the past week, XRP has gained nearly 7%, reinforcing bullish sentiment. The price has also remained above $2, a level seen as a psychological anchor.

Adding to the momentum, attention is building around the upcoming U.S. Senate crypto hearing scheduled for July 9. Ripple CEO Brad Garlinghouse is expected to testify, which could increase investor interest. 

Market participants are watching this event, as regulatory clarity may influence sentiment and trading activity.

XRP’s Big Moment Is Near

On July 9, the U.S. Senate will hold a crypto hearing — and Ripple CEO Brad Garlinghouse will be a key witness.$XRP is holding above $2. The spotlight is real. Is a breakout next?

Retweet if bullish
Drop your price target pic.twitter.com/tlRcTiJblA

— Crypto Patel (@CryptoPatel) July 3, 2025

While the price outlook appears bullish, analysts caution that pullbacks may still occur. Consolidation around $2.32 could serve as a testing ground for continued movement. 

Holding above this support level would strengthen the case for a sustained rally. For now, the technical breakout, rising volume, and growing visibility place XRP in the spotlight. Traders will be monitoring short-term moves for confirmation of the projected $2.65 target.

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