Xoom (@Mr_Xoom), a popular market analyst on X, recently shared a chart of XRP that has generated considerable debate about the token’s immediate direction. At first glance, the chart presents a bearish setup, reinforced by the prominent red arrow pointing downward.
However, a closer examination reveals that the chart is inverted. What may initially seem like a bearish call is, in fact, a bullish projection. The chart depicts a symmetrical triangle, and the analyst anticipates that XRP is nearing a breakout from this formation.
I guess that's it for XRP. pic.twitter.com/RB2RjsoVxE
— xoom (@Mr_Xoom) August 28, 2025
XRP’s Performance Within the Triangle
XRP entered July with a powerful rally, reaching an all-time high of $3.65. However, the asset’s momentum stalled toward the end of the month, and the converging trendlines show that it had traded within a tightening range.
The price has oscillated between support and resistance, dipping below $3 multiple times and attempting multiple failed breakouts. This consistent pattern of repeated rejections at the upper boundary while maintaining higher lows along the bottom trendline has defined the symmetrical triangle that now dominates the short-term outlook.
At the time of Xoom’s analysis, the digital asset traded around $2.96, close to the upper boundary of the triangle. The structure shows that the token has found a firm base above $2.9. This consolidation reflects both the caution and strength in the market as traders position for the next decisive move.
Why the Breakout Matters
The symmetrical triangle is typically a continuation pattern, but it can also signal reversals depending on market conditions.
In this case, the analyst interprets the setup as bullish. Despite the visual prediction of a bearish breakdown, the chart’s inversion shows the expectation of an upward move once XRP breaks through the upper resistance trendline.
Such a breakout would represent more than a short-term rally. It would confirm that XRP has absorbed the recent selling pressure within the triangle and is now ready to extend higher. The multiple tests of the upper boundary strengthen this outlook, suggesting that resistance may soon give way.
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Potential Targets After Confirmation
If XRP manages to break convincingly above the triangle, price targets could extend significantly higher than current levels. A measured move from the triangle suggests a rise toward $3.9, which would mark a new all-time high for the digital asset.
For now, XRP remains confined within the symmetrical triangle. Still, its consistent performance inside the pattern indicates that a breakout decision point is approaching, with a high chance of a price rally once the breakout is confirmed.
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 advised to conduct thorough 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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