Key Takeaways
Ripple’s new partnership with OpenPayd has caught some attention, but it’s the XRP price chart that might be telling the more interesting story right now.
Despite running into resistance, XRP is starting to show early signs of a potential reversal.
And with momentum building across multiple time frames, there’s growing speculation that a breakout could be on the horizon.
Ripple had a mix of wins last week.
The company announced a new partnership with OpenPayd aimed at streamlining cross-border payments. The integration allows businesses to move seamlessly between fiat and stablecoins.
Despite the positive news, Ripple also faces a new competitor in Circle.
Circle’s new Circle Payment Network (CPN) enables instant cross-border payments using USDC, EURC, and fiat currencies. It offers faster settlements than SWIFT by cutting out intermediaries.
With partners like Nuvei and BVNK, CPN gives Circle an edge over Ripple thanks to its broader reach and cleaner legal track record.
Still, Ripple had some solid moments beyond payments. CEO Brad Garlinghouse is set to testify before the Senate Banking Committee on crypto regulation, a sign Ripple remains in the room where decisions are made.
Meanwhile, XRP community researcher SMQKE suggested that XRP could be integrated into the Federal Reserve’s Fedwire system, fueling fresh optimism about its long-term role in institutional finance.
To cap things off, Grayscale added XRP to its large-cap fund, offering a dose of positive momentum in the absence of any major ETF news.
XRP has struggled to regain momentum since its January highs, but the chart isn’t without signs of life.
In April, XRP saw a strong bounce, forming a bullish candlestick, reaffirming the $1.70 level as key support.
While the price failed to break above the descending resistance trend line, it did manage to print a higher low, which was followed by a bullish engulfing candle in June.
It’s subtle, but bullish momentum is starting to build beneath the surface.

Looking deeper, both the Relative Strength Index (RSI) and the MACD are flashing hidden bullish divergences, signals that often point to trend continuation.
If the pattern holds, XRP could be gearing up for a breakout from its months-long downtrend.
While the weekly time frame is bullish, the daily analysis shows XRP’s inability to break above the $2.27 resistance area.
XRP briefly moved above it (red icon) yesterday, but the price fell today, confirming the resistance.
Nevertheless, the XRP price has already broken out from a descending parallel channel with momentum.

The RSI and MACD legitimize the movement, since the former is above 50 while the latter is positive.
However, the wave count predicts another low before the trend reverses.
The XRP price has completed a five-wave leading diagonal (green) since June 23.

The movement is over, and XRP trades at the ascending wedge’s support trend line.
So, a correction toward $2.08-$2.13 could occur before the trend reverses.
Afterward, the XRP price is likely to move to new highs.
XRP’s technical analysis hints at an upcoming breakout, supported by hidden bullish divergences.
While a short-term correction toward $2.08-$2.13 is possible, the long-term trend remains bullish.
With Ripple CEO Brad Garlinghouse set to address U.S. lawmakers, the coming weeks could be pivotal for the XRP price.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
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