XRP Price Jumps 26% in a Week as Ripple Joins California’s Breakthrough Project

Highlights:

• The price of XRP surges 2% despite a 34% decline in its daily volume, indicating reduced activity.
• Ripple, Coinbase, and MoonPay leaders join California’s task force to advance blockchain and government collaboration.
• XRP breaks key resistance, as technical indicators signal a strong buy, suggesting a potential rise to $3.50.

The XRP price has surged 2.59% to $2.95, despite a recent 34% decline in trading volume. This is in consideration of the recent California Breakthrough Project, declared by Governor Gavin Newsom of California. World leaders in the industry, including Ripple, Coinbase, Moonpay, and other technology providers, will outline the way forward for this project, promoting efficiency in government and fostering cooperation. Such a task force, including Ripple, one of the firms engaged in the blockchain and cryptocurrency industry, can turn out to be extremely significant to the cryptocurrency industry.

🚨NEW: California Governor @GavinNewsom has announced the launch of the California Breakthrough Project with top leaders from @Ripple, @coinbase, @moonpay and more to “advise and advance government efficiency and collaboration.”

The task force, which met for the first time on… pic.twitter.com/ExXuQZ2KQ5

— Eleanor Terrett (@EleanorTerrett) July 15, 2025

XRP Technical Signals and Market Implications

The XRP price has experienced a significant surge, with prices recently increasing by 26% in a week, driven by the prevailing bullish market sentiment. Strong technical factors support this movement, and the XRP has now surpassed the important levels of resistance. 

The XRP liquidation map indicates a change in market sentiment, as the number of long liquidations increases while the price continues to trend upwards. Long-term cumulative liquidations have surpassed short-term fleet activities, suggesting that traders are preparing for further price increases. 

The longs have taken the lion’s share of $224.84 million and only $217.35 million in short liquidations. This imbalance implies that a breakout in price may prompt the shorts to close their positions, thereby pushing the prices up further. However, if the bulls won’t show strength, a period of consolidation may be at hand before a significant rally. 

XRP Price Breaks Resistance Level: How High Can It Go?

After a long-term dip since November, the price of XRP touched the $3.38 mark in January 2025, after which it retraced. Nevertheless, the Ripple token has established a strong support level around $2.10. Recently, the bullish market sentiment saw XRP price rally to $3, breaking above key resistance levels before a slight pullback to $2.95.

The Relative Strength Index (RSI) of XRP stands at 80.84, indicating high purchasing pressure. When the RSI reaches such a high level, investors ought to be wary of the possibility of short-term pullbacks, especially that is the case of the RSI. The Moving Average Convergence Divergence (MACD) indicator remains firm in its positive movement, having exhibited a strong positive crossover, which further reinforces the positive outlook for XRP.

If this momentum holds, the XRP price could blast to $3.30-$3.50. This will be bolstered by the key support zones at $2.28 and $2.38 holding firm. However, an overbought RSI and the sudden volume drop could trigger a pullback to $2.83 support zone. A 26% pump in a week is no small feat, but it’s all about timing. Traders will want to keep an eye on the 200-day SMA ($2.38), as it will help indicate any change in trend. If it dips, it may be time to reconsider a long XRP position.