Analyst: XRP poised for breakout by september 2025
XRP has been consolidating in a tight $2.00–$2.40 range for around three months, forming a symmetrical triangle pattern that traders often track for breakout signals . According to crypto analyst Egrag Crypto, this pattern historically resolves between 75% and 95% of its duration. With 334 days of consolidation already, the breakout window is calculated as early July (day 251) through mid‑September (day 317) 2025.
He states: “XRP breakout is coming,” advising traders to “stay alert” during this period.
What’s next: key technical levels & targets
For a bullish scenario, XRP must first flip $2.40, the 200‑day Simple Moving Average (SMA), into support. A break above the 100‑day SMA (~$2.22) would already invalidate bearish setups targeting $1.18.
If resistance is decisively broken, Fibonacci extension analysis (from the triangle) suggests potential targets in the $8–$27range. More tempered outlooks from other analysts include:
- DustyBC Crypto: “XRP under $2 is incredibly cheap. Bookmark this post, look back in 6 months”.
- Mikybull Crypto: likens the setup to 2017 bull pennants and projects a move toward $14.
Recent market behavior
XRP recently rallied ~15%, climbing from a local low of $1.91 to a high of $2.21. CoinDesk reports that in a late‑session move, XRP surged about 6%, supported by a quadrupling of hourly volume and whale transfers totaling hundreds of millions into exchanges — yet price held firm. These moves helped establish support around $2.17–$2.19, while resistance tightens between $2.22–$2.23.
Broader catalysts & risks
A favorable resolution of the high-profile Ripple v. SEC case could remove lingering regulatory uncertainties, providing an additional boost. Conversely, if XRP fails to reclaim $2.40, downside risk could retest $1.60 or even $1.18.
Outlook summary
- Breakout window: July–mid-September 2025.
- Key levels: $2.22 (100‑day SMA), $2.40 (200‑day SMA).
- Bull targets: $3.00 → $3.40 → $8–$27.
- Bear risks: Failure to break resistances may drop price to $1.60–$1.18.
In conclusion, XRP is entering a pivotal phase. The converging technical pattern, volume behavior, whale accumulation, and possible legal clarity set the stage for a potential major breakout this summer. Traders and investors should keep a close eye on $2.22–$2.40 — a decisive breakout could shift sentiment significantly.
Source: Cointelegraph
Japan to cut crypto tax to 20% and allow ETFs under new law
Japan’s Financial Services Agency (FSA) proposed a sweeping regulatory overhaul on June 24, 2025, aimed at reclassifying cryptocurrencies as financial assets and paving the way for crypto ETFs and substantial tax reform.
- Reclassification under FIEA
Cryptovaluta would shift from being governed under the Payment Services Act to the Financial Instruments and Exchange Act (FIEA), the same legal framework that applies to stocks, bonds, and other traditional financial instruments. This reclassification is expected to facilitate the introduction of regulated exchange-traded funds (ETFs). - Tax cut from 55% to 20%
Japan currently taxes crypto gains under a progressive system, with marginal rates reaching up to 55%. Under the new scheme, a flat 20% capital gains tax — on par with stock investments — would be introduced, significantly lowering the tax burden for investors. - Crypto ETFs on the horizon
By treating crypto assets as financial products, Japan could finally permit spot Bitcoin ETFs to launch domestically. This follows global trends — e.g. the U.S., Hong Kong, and Australia have all recently approved spot crypto ETF products.
Market context and motivation
As of January 2025, Japan held over 12 million active crypto accounts, with more than ¥5 trillion (~US $34 billion) in assets on platforms.
Participation in cryptocurrencies now even exceeds that in FX and corporate bond markets among tech-savvy retail investors.
The shift is part of Prime Minister Fumio Kishida’s “New Capitalism” plan, aimed at transforming Japan into an investment-led economy, with Web3, NFTs, and digital assets at its core. Policymakers view crypto as an “alternative investment” that can stimulate both innovation and regional development.
Institutional and regional signals
Japan’s proposal aligns with a global wave of crypto legitimization. U.S. regulators and Asian counterparts like Singapore and Hong Kong have also eased access to crypto financial products . Domestically, firms such as Sumitomo Mitsui Financial Group (SMBC), TIS, Ava Labs, and SBI VC Trade are pursuing stablecoin ecosystems and tokenized finance in partnership with global players.
Next steps
The proposal is currently being reviewed by the Financial Services Council (as of June 25). If endorsed, a bill could be tabled in 2026 to fully integrate crypto under FIEA, implement ETF frameworks, and enact the 20% flat tax.
Source: Cointelegraph
Fed chair Powell: Crypto is maturing and going mainstream
In a pivotal moment for the cryptocurrency industry, Federal Reserve Chairman Jerome Powell declared during his Senate testimony on June 25, 2025, that Bitcoin and other digital assets are maturing and increasingly becoming part of the mainstream financial system.
Responding to questions from pro-crypto Senator Cynthia Lummis, Powell acknowledged that crypto is no longer a fringe financial instrument but a sector undergoing professionalization and wider adoption. “The industry is maturing. Our understanding of it is improving. It’s becoming much more mainstream,” he stated.
This recognition marks a turning point in the Fed’s stance. In early 2023, under Section 9(13), the Federal Reserve had issued restrictive guidance discouraging banks from engaging in activities like issuing tokens on public blockchains. At the time, these were considered “novel activities.” Powell now admits that those rules were developed in the early days of crypto and are currently under review. “We are all revisiting the things that were done during that era,” he said.
When asked whether banks should be allowed to engage in crypto-related services, Powell responded affirmatively — so long as those activities are conducted in a “safe and sound” manner. He emphasized that banks have the autonomy to choose their customers and the types of financial activities they engage in, provided they meet risk management and regulatory standards.
Powell’s remarks align with a broader regulatory reassessment across U.S. agencies, including the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC). All three are collaborating to create more consistent and updated frameworks for digital asset oversight.
Why does this matter?
Powell’s acknowledgment is a major validation of the crypto sector’s trajectory. It could pave the way for more institutional participation, increase investor confidence, and prompt traditional banks to re-engage with crypto services under regulated frameworks. It also signals that U.S. regulators are shifting from risk avoidance to risk management in how they deal with blockchain and crypto innovation.
In short, Powell’s testimony sends a clear message: crypto is no longer an experiment — it’s a permanent fixture in the evolving financial landscape. The next challenge lies in integrating it safely into the existing system.
Source: Cryptobriefing