Bitcoin reached a new all-time high of $112,000 on July 9, 2025, driven by strong inflows into spot Bitcoin ETFs (over $14.4 billion net) and increased corporate adoption. Some analysts also attribute the rally to de-dollarization concerns and a 10% year-to-date decline in the U.S. Dollar Index. This surge lifted major altcoins including Ethereum, XRP, and Solana, which gained 6.4%, 4.9%, and 3.7% respectively in 24 hours.
XRP Key Support and Breakout Targets
Against this backdrop, Arthur Azizov, founder and investor at B2 Ventures, argues that XRP is on the cusp of a major breakout. He stated that if XRP can sustain a price above $2.34 for an extended period, it is likely to breach the $2.65 resistance and move towards a new high. “XRP has been in a trading range since December last year. A strong directional move is expected once it breaks out of this consolidation. Given the long accumulation phase, the outlook remains bullish, with targets in the $4–$6 range,” Azizov noted.
He emphasized that XRP is one of the few digital assets that can move independently, not always tied to broader altcoin trends. This unique characteristic allows XRP to react either less or more strongly to overall market movements. Azizov also pointed to XRP’s past performance, Ripple’s strategic partnerships, and pending applications for XRP ETFs under SEC review as positive catalysts for further growth.
Current Price and Market Outlook
As of writing, XRP is trading around $2.45, just above the critical $2.34 support. If the bullish momentum continues, XRP could challenge the $2.65 level in the near term, paving the way for a potential rally toward $4–$6. However, traders should watch for any breakdown below $2.34, which could lead to a retest of $2.20 or lower. The overall market remains highly volatile, and Bitcoin’s new record may be followed by sharp corrections. The SEC’s decisions on XRP ETF applications will be a key driver for price direction.
Investors are advised to monitor volume and macro factors, and to manage risk accordingly. While the analyst’s prediction offers an optimistic scenario, it is crucial to maintain a disciplined approach in this speculative environment.