XRP is at a pivotal turning point. After a powerful breakout and sharp rally, the cryptocurrency is now testing a major support level that could determine its next significant move. According to popular crypto analyst Cryptoes, this is a “make or break” moment for XRP, and the market is watching closely.
Breakout From Long-Term Falling Wedge
Cryptoes’ chart, posted on X, highlights a successful breakout from a falling wedge pattern that had defined XRP’s price action for months. The wedge, with a declining resistance line and a flat support base near $2.00, had formed between March and July 2025. Historically, falling wedges are considered bullish reversal patterns, and XRP respected that textbook behavior.
In mid-July, XRP broke out of the wedge with strength, skyrocketing from around $2.10 to over $3.50 in a matter of days. This move not only confirmed the wedge breakout but also restored bullish momentum to the asset after a prolonged period of sideways consolidation.
HUGE Moment for #XRP | Price at HUGE support level | Make or break! 📈🤷♂️📉 pic.twitter.com/tkqx6iO3oR
— Cryptoes (@cryptoes_ta) August 1, 2025
Retesting Former Resistance As New Support
Following the rally, XRP has now retraced slightly and is trading at approximately $2.94 as of report time. The price has pulled back to a key horizontal zone, the same $2.90–$3.00 level that had acted as strong resistance earlier this year, particularly in February and March.
This zone is now being retested as support, a classic technical move that often precedes a continuation of the trend. As highlighted in Cryptoes’ chart, the blue horizontal band represents this critical area. If buyers step in and hold the line, XRP could establish a new base for another upward leg.
However, failure to hold this level could expose XRP to a deeper retracement, with potential downside targets around $2.50 or even back toward the wedge breakout zone near $2.10.
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Indicators Reflect Cooling Momentum, Not Reversal
The chart also includes dotted parabolic SAR markers and a white curved trend line, both indicating that while bullish momentum has cooled, the uptrend remains technically valid. The parabolic SAR dots, now appearing above recent candles, suggest consolidation or a short-term pause, not yet a confirmed reversal.
Corrections like this are common and even healthy following large, impulsive moves. A successful retest of this support could fuel renewed buying interest and set XRP on course to reclaim $3.50 and potentially push toward $4.00 and higher.
XRP’s current price action is resting on a knife’s edge. After breaking out of a major wedge and rallying to multi-month highs, the asset now faces a critical test at the $2.90–$3.00 zone. According to Cryptoes, this is a crucial support level that must hold if the uptrend is to continue.
The coming days will be decisive: either bulls defend this zone and spark the next leg higher, or a breakdown signals a broader correction. For XRP, this is indeed a huge moment, and what happens next will shape the trajectory for the rest of Q3.
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.
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