Pro-XRP Lawyer Reacts to This Bullish CoinDesk’s XRP Report

XRP is once again making headlines—this time for all the right reasons. In a recent report, CoinDesk highlighted a bullish technical pattern forming on XRP’s chart, one that closely resembles the setup seen in Bitcoin before its massive rally to $100,000. According to the report, XRP has shown remarkable strength, maintaining a tight range between $2.00 and $2.60, despite broader market volatility. Many traders believe this stabilization is a possible sign of an impending major breakout. Reacting to this development, pro-XRP attorney John Deaton took to X to comment on the shift in media sentiment. “Is it me, or has the coverage of XRP significantly changed from 3 years ago?” Deaton wrote, noting what appears to be a growing willingness among major crypto outlets to recognize XRP’s evolving role in the digital asset space. Is it me or has the coverage of XRP significantly changed from 3 years ago? https://t.co/WZt0TmRHeB — John E Deaton (@JohnEDeaton1) June 26, 2025 CoinDesk Signals a Turning Point CoinDesk’s technical analysis draws attention to the current strength in XRP’s price action. While many altcoins have struggled to hold support, XRP has remained firm, resisting downward pressure and flashing signs of accumulation. Analysts believe the current consolidation above $2.00 is a bullish signal, particularly as volume builds and volatility narrows—conditions that often precede sharp upward moves. This setup is being compared to Bitcoin’s price behavior in earlier cycles, particularly before its surge to new all-time highs. According to the report, if momentum continues to build, XRP could soon attempt a breakout above $2.60, potentially targeting the $3.00 to $3.50 range, levels last seen during the 2017 and 2021 bull runs. XRP Price Update: Holding Firm at $2.35 As of reporting, XRP is trading at approximately $2.35, showing resilience amid a mixed crypto market. Data from CoinMarketCap and TradingView confirm that XRP has spent the last several weeks in a tight consolidation range, with strong support at $2.00 and resistance near $2.60. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 On-chain indicators further support the bullish case. Exchange reserves for XRP, particularly on Binance have declined, suggesting reduced selling pressure. At the same time, large wallet addresses have steadily accumulated, signaling growing confidence from long-term holders and possibly institutions. Deaton’s Insight: A Shift in Media Tone John Deaton’s comment reflects a broader trend: the changing perception of XRP in the crypto community. Once viewed with skepticism, especially during the height of Ripple’s legal battle with the SEC—XRP is now gaining renewed attention and respect. Deaton, who played a prominent role defending XRP holders in court, has frequently criticized what he saw as unfair media bias. His latest remark points to a more balanced narrative taking shape. With Ripple expanding globally, launching its RLUSD stablecoin, and pushing major updates to the XRP Ledger, the ecosystem around XRP continues to strengthen. Combined with increasingly bullish technical signals and a notable shift in sentiment, XRP may be entering a pivotal new chapter—one that even the skeptics are beginning to acknowledge. 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 Pro-XRP Lawyer Reacts to This Bullish CoinDesk’s XRP Report appeared first on Times Tabloid .

Source: TimesTabloid