In the latest market update, prominent crypto analyst Cryptoes has drawn attention to a pivotal moment for XRP , highlighting that the asset’s market capitalization is currently perched on a key weekly diagonal support. According to Cryptoes’ recent post on X, holding this crucial level could open the door for a major breakout in the coming week — a development that has both traders and long-term holders watching with anticipation. XRP’s Technical Setup: Critical Support in Play XRP has been navigating a choppy market in recent weeks, reflecting the broader volatility across the crypto sector. However, technical analysts have been closely tracking a major diagonal support line that spans the weekly timeframe, a level that has historically provided strong price reactions for XRP. Cryptoes’ analysis points to the XRP market cap clinging to this support zone, signaling that if bulls can defend it, momentum may soon shift decisively upward. #XRP Market cap at weekly diagonal support | Hold this level for a potential breakout next week Will Update pic.twitter.com/9rGa3T5h1x — Cryptoes (@cryptoes_ta) May 30, 2025 The importance of this diagonal support lies in its historical role: over the past year, each successful test of this trendline has preceded notable price rallies. While past performance is never a guarantee of future moves, it sets the stage for heightened optimism among bullish traders. Cryptoes emphasized that maintaining this structural level is essential for any near-term bullish thesis, suggesting that a breakout could materialize as early as next week if current conditions hold. Macro and Market Context: Fueling XRP’s Momentum Beyond technical charts, the fundamental backdrop is also playing a role in shaping XRP’s potential trajectory. Despite ongoing regulatory pressures in the United States, particularly the Securities and Exchange Commission’s (SEC) prolonged legal battle with Ripple Labs, XRP has maintained a strong global presence. The token remains widely used in cross-border payment solutions, a core area of Ripple’s business model, and continues to enjoy high liquidity and robust trading volumes across major exchanges. Adding to the momentum, recent developments in the Ripple ecosystem, such as ongoing advancements in the XRPL (XRP Ledger), collaborations with financial institutions, and progress on stablecoin initiatives, have strengthened community sentiment. While regulatory uncertainties remain a thorn in XRP’s side, they have also fostered a sense of resilience, with many investors viewing XRP as undervalued relative to its utility and adoption metrics. Analyst Timeline: What to Watch Next Week According to Cryptoes, the timeline for a major breakout hinges on XRP’s ability to defend the weekly diagonal support into next week’s trading sessions. Should bulls succeed, the market may witness a surge in buying pressure, potentially lifting XRP toward key resistance levels that could trigger further gains. On the flip side, a decisive breakdown below this trendline would invalidate the bullish setup and expose XRP to further downside, likely sending it into a period of consolidation or retesting lower support zones. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Market observers should keep a close eye on XRP’s behavior over the coming days, particularly its response to broader market moves from Bitcoin and Ethereum, which often set the tone for altcoin rallies or corrections. Additionally, any fresh regulatory updates, especially regarding Ripple’s legal standing, could act as catalysts that either reinforce or undermine the technical outlook. A Pivotal Week Ahead for XRP As XRP hovers at this crucial juncture, the market’s next move hangs in a delicate balance. Cryptoes’ analysis underscores the importance of this moment: hold the diagonal support, and XRP could be poised for a major breakout; lose it, and the bullish narrative weakens considerably. For traders and investors alike, the coming week may prove decisive in shaping XRP’s near-term path. Whether this turns into the breakout that bulls have been waiting for or another round of range-bound consolidation will depend not only on technical levels but also on the broader macro and regulatory environment. Either way, all eyes are on XRP as it gears up for what could be a defining stretch in its 2025 trading journey. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post XRP Market Cap At Weekly Diagonal Support. Analyst Sets Timeline for Major Breakout appeared first on Times Tabloid .
