title: XRP price experienced a minor rise in the price following the launch of a spot XRP ETF, as ot prepares for a major breakout

The price is trying to rise above a crucial range, which could revive the possibility of a new ATH in 2025

The price of XRP experienced a minor increase following the launch of a spot XRP ETF, and it prepares for a major breakout. The price is trying to rise above a crucial range, which could revive the possibility of a new ATH in 2025.

XRP price is often referred to as a ‘sleeping giant,’ given that the crypto has shown some monstrous moves in the last 12 months. While the price action in recent weeks has displayed some volatility, reflecting broader uncertainties within the crypto market, it also presents an opportunity for traders to enter at better levels.

As the price approaches key resistance levels between $2.45 and $2.71, a breakout from the range is expected to trigger a fine upswing. So far, the attempts to break above the range have been met with selling pressure.

Two potential reasons why the XRP price is expected to demonstrate gigantic moves are legal developments with the SEC lawsuit, institutional adoption, and the regulatory environment. A favorable ruling in the SEC vs. Ripple lawsuit is expected to provide clarity and potentially boost investor confidence.

Meanwhile, the first-ever approved spot XRP ETF by Franklin Templeton indicates the growing institutional interest. On the other hand, the Trump administration’s proposal to include XRP in the US crypto reserve could enhance its legitimacy and adoption.

Now that the market sentiments have slightly turned greedy from being in fear, will the XRP price maintain a consolidated ascending trend to reach fresh highs?

The upswing that it held since the start of the day has helped the token to rise above a bearish pattern. The price has risen above the resistance of the descending triangle due to a massive influx of buying liquidity as the traders turn optimistic.

However, Bollinger bands have squeezed, suggesting not only a drop in volatility but also a major breakout incoming. On the other hand, the MACD displays a rise in the buying volume while the levels are heading back into the positive range.

The current trade setup and the technical point towards the price preparing for a massive movement shortly. If the XRP price breaks through the $2.45 to $2.71 resistance zone, it could pave the way for a rally towards $3 or above. Once the token settles above this range, a new ATH could be imminent for the XRP price rally.