XRP’s price movement seems to be nearing a decisive stage as traders closely examine its chart patterns for signs of an upcoming breakout.
A recent post from EGRAG CRYPTO (@egragcrypto), a crypto analyst active on X, highlighted the coin’s current structure and pinpointed a critical level that could shape its short-term trajectory.
The analyst believes XRP is ready to break out. His perspective emerges as the asset trades within a falling wedge, drawing interest from market participants who closely follow technical analysis.
#XRP – Ready to Break Out!:
Attention, #Bulls! It’s time to rally and push through the falling wedge formation. We're on the brink of a significant structural breakout, and the key level to watch is $3.13.
This breakout could pave the way for exciting upward momentum!
Let’s… pic.twitter.com/1rSGDVz7Eu
— EGRAG CRYPTO (@egragcrypto) September 10, 2025
EGRAG CRYPTO’s Analysis
In his latest update, EGRAG CRYPTO stated, “Attention, #Bulls! It’s time to rally and push through the falling wedge formation.” He emphasized that XRP is “on the brink of a significant structural breakout” and named $3.13 as a key level to watch.
The analyst’s post and accompanying chart outlined several levels to watch, providing a framework for understanding XRP’s possible movement over the coming weeks.
The chart shows XRP bounded by two converging downward-sloping trendlines in the falling wedge. Such a setup typically indicates a potential breakout if price action breaks above the upper boundary.
At the time of the chart, XRP was shown trading near $3 after a notable recovery over the weekend. The digital asset spent the early days of September consolidating between $2.77 and $2.85, and the recent surge has pushed it close to the upper boundary of the falling wedge.
Important Levels to Watch
According to the chart, the near-term levels to monitor are $2.85 and $2.77, which align with descending trendline resistance. The chart suggests that XRP is headed toward $3.13, but if it fails to break above the upper trendline, these levels will serve as crucial support to prevent further declines.
The analyst also highlighted levels near $2.6 and $2.3 as the last lines of defense if these support levels fail. However, EGRAG CRYPTO is confident that climbing above $3.13 will trigger significant upward momentum.
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— TimesTabloid (@TimesTabloid1) June 15, 2025
What’s Next for XRP?
The outlined chart and commentary suggest a clear roadmap for XRP traders focused on technical analysis. By specifying price levels and identifying a falling wedge structure, EGRAG CRYPTO provides a framework for observing XRP’s price action in the short term.
With $3.13 marked as a pivotal level, market participants will be watching to see if XRP can sustain momentum and confirm a breakout above the long-term resistance line.
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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