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The XRP price jumped 2% in the past 24 hours to trade at $2.90 as of 12:23 a.m. EST, with a 40% drop in trading volume to $6.4 billion.
This comes as California Governor Gavin Newsom launched a task force, the California Breakthrough Project, which aims to make the California government more efficient, engaged, and effective.
🚨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
The project will include representatives from cryptocurrency firms, including Ripple, Coinbase, and MoonPay.
The group is expected to maintain public transparency, labor and civil society consultation, and ethical safeguards throughout the process.
Newsom’s announcement coincided with the US “Crypto Week,” during which the House of Representatives is debating and voting on several crypto-related bills.
Can the price of XRP soar on the news?
XRP Price Breaks Resistance Levels, Poised For A Sustained Rally To This Level
Following a sustained downtrend from November, the XRP price reached the $3.38 level in January 2025 and subsequently retraced within a well-defined falling wedge pattern.
However, the Ripple token price found support within the wedge at $2.10, pushing it above the wedge’s upper boundary to the $3 resistance level.
On its way to this resistance level, the price of XRP crossed the 0.382 and 0.236 Fibonacci Retracement levels at $2.29 and $2.17, respectively, as GeckoTerminal data shows.
XRP is still bullish, as it has continuously traded above both the 50 and 200 Simple Moving Averages (SMAs) on the 3-day chart.
Meanwhile, the Relative Strength Index (RSI) is currently climbing up at 69, as it heads to the 70-overbought zone, an indication that buyers still have control.
Moreover, the blue Moving Average Convergence Divergence (MACD) has crossed above the orange signal line, both moving above the zero line, which cements XRP’s overall bullish trajectory.
Ripple Token Price Prediction
According to the XRP/USD chart analysis on the 3-day timeframe, the Ripple token price is set to soar even higher, as it aims for the 0 Fib level at $3.40, back to its all-time high (ATH). This surge represents a 16% surge in the XRP price.
Conversely, if the bears take charge and push the price of XRP below the 0.236 Fibonacci level, the breakout level within the 0.382 Fib level at $2.29 will likely act as the next cushion against downward pressure.
Meanwhile, investors are piling into a new BTC-themed meme coin called Bitcoin Hyper (HYPER), which aims to scale the Bitcoin blockchain.
According to 99Bitcoins, a popular crypto channel on YouTube with over 723K subscribers, HYPER could soar 10X after launch.
Bitcoin Hyper Token Presale Hits $3 Million
Bitcoin Hyper is billing itself as the first true layer-2 solution for Bitcoin.
There are already projects like the Lightning Network that handle payments, but Bitcoin Hyper is taking things one step further by bringing smart contracts and DeFi to the Bitcoin blockchain for the first time.
Unlike previous sidechains and L2 solutions, Bitcoin Hyper will leverage the Solana Virtual Machine (SVM), which is known for its high speed and proven reliability.
The SVM’s parallel processing architecture will enable a theoretical throughput of over 60,000 transactions per second (TPS), significantly outpacing Bitcoin’s base layer and even Web2 payment networks.
Furthermore, the project functions on a decentralized Canonical Bridge, which ensures seamless and secure transfers between Bitcoin’s base layer and BTC Hyper.
🚨 Bitcoin Hyper is now live in Best Wallet! 🚨@BTC_Hyper2 is building Bitcoin’s first Layer 2 focused on real scalability — enabling fast, cheap BTC transactions, meme coins, dApps, and more.
It’s secured by Bitcoin L1 and powered by Solana VM tech for high speed and massive… pic.twitter.com/5Ktj12RCR1
— Best Wallet (@BestWalletHQ) June 5, 2025
Investors are betting big on the idea, having pumped over $3 million into the project’s presale. Additionally, if you buy and stake now, you could unlock a 298% annual percentage yield (APY). However, this rate decreases as more people join, so timing is crucial.
Investors interested in participating in the presale can visit the official Bitcoin Hyper Token website to buy HYPER tokens for $0.012275 each using crypto or a bank card.
Buy before the next price increase in about 9 hours.
Visit the Bitcoin Hyper website.
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