XRP Price Consolidation Continues as Breakout Timing Predicted
Key Takeaways
- XRP remains range-bound between $2.00 and $2.40 for the past three months.
- Analysts suggest the consolidation phase could conclude soon, possibly as early as next month.
- Establishment of $2.40 as support is critical for resuming an uptrend.
XRP (XRP/USD) has maintained a sideways trading pattern over the last 90 days, oscillating between $2.00 and $2.40 after failing to sustain its multi-year high of $3.40 reached on January 16th.
The altcoin has repeatedly attempted to breach this range without success, prompting traders to closely monitor potential breakout signals.
Upward Momentum Expected?
Despite several bearish forecasts, a growing number of analysts maintain that XRP is primed for a significant appreciation. The prevailing view suggests bears are struggling to push the price below recent lows.
“XRP under $2 is incredibly cheap. Bookmark this post, look back in 6 months.” — DustyBC Crypto
Technical Breakout Timeline
Crypto analyst Egrag Crypto identifies a “large symmetrical triangle” pattern on the monthly XRP chart.
According to Egrag, symmetrical triangle formations typically resolve within 75-95% of their formation period:
- 75% of the 334-day consolidation suggests a July 2025 breakout
- 95% completion points to a September 2025 breakout
“This suggests that the breakout could occur anytime between early July and mid-September 2025, so stay alert!” — Egrag Crypto
The formation could target prices ranging from $8 to approximately $27, based on Fibonacci extension levels from the triangle.
Immediate Price Catalyst
XRP bulls are monitoring the critical $2.40 level, which aligns with both the daily chart’s 200-day simple moving average (SMA) and the upper resistance boundary.
Clearing $2.40 could unlock further gains toward the previous all-time high of $3.40.
“These are important macro levels and clearing them with strength would confirm a true trend shift…” — CasiTrades
This article is for informational purposes only and constitutes neither financial advice nor a recommendation to buy, sell, or hold XRP. Always conduct your own research before making any investment decisions.
