XRP is flashing bullish technical signals that could send its price toward a long-awaited breakout — with analysts eyeing a target near $4.10, based on market structure and accumulation patterns.
XRP Holds Strong Above $2 Support, Sets Sights on Higher Levels
As of press time, XRP trades at $2.19, slightly down 0.26% over 24 hours, yet the weekly performance remains firmly positive, with a 7-day gain of 12.7%. The cryptocurrency has shown resilience after dipping below the $2.00 mark, quickly rebounding as broader market sentiment improved.
The key resistance level now stands at $2.20, and a decisive breakout above this line could open the door for further gains.
Breakout From Multi-Year Range Signals Momentum Shift
According to a recent analysis by BA_Investments, XRP broke free from a long-standing price range between $0.12 and $1.97 in late 2024 — a range that had trapped the asset since 2018. That breakout marked a major shift in technical sentiment, establishing the $1.60–$1.97 range as strong support.
As long as XRP stays above this support zone, the asset remains firmly in bullish territory.
The breakout is being seen as a launchpad for the next leg upward — with $4.10 as the immediate target, and the potential for price discovery beyond that if momentum continues.
Legal Uncertainty Still a Wild Card
While XRP’s chart looks promising, legal uncertainty around Ripple’s ongoing battle with the U.S. SEC continues to loom over investor sentiment. Ripple recently dropped its cross-appeal, and company executives have indicated a desire to bring the case to a close “once and for all.”
Still, market participants are showing confidence. The long-term chart structure remains bullish, and historical data suggests price rallies often follow legal clarity — a scenario many traders are betting on heading into Q3 2025.
Symmetrical Triangle Suggests Imminent Breakout
Adding fuel to the bullish narrative, pseudonymous analyst Captain Faibik has pointed out a symmetrical triangle formation on the daily chart — a technical pattern known to precede explosive moves after consolidation.
“XRP is nearing the apex of the triangle,” Faibik noted, suggesting that a breakout could occur in the coming days or weeks.
He placed a mid-term price target at $4.60, slightly above the primary $4.10 level identified by other analysts. The tight trading range, paired with growing volume, indicates that volatility is building — a classic precursor to a major breakout.
Can XRP Hit $4.10 — or Even More?
To reach $4.10, XRP must first flip $2.20 into support, then build enough momentum to test resistance levels near $3.10 and $3.65. If successful, the $4.10 level — which aligns with historical resistance — becomes a realistic mid-term objective.
Analysts believe that a strong Q3 performance, combined with positive legal developments, could send XRP into new all-time high territory.
For now, all eyes remain on the $2.20 level. A clean breakout could trigger a cascade of bullish sentiment, potentially turning XRP from a consolidation story into one of 2025’s top performers.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.