Several analysts monitoring its price patterns believe XRP may be on the verge of a significant upward movement. Despite its recent struggles, some experts believe the cryptocurrency is nearing the end of its consolidation phase, with a breakout potentially occurring soon.
Over the past two months, XRP’s performance has been disappointing, with its value declining by 23%. The token dropped by over 6% today, trading near $2.30. Many investors have been anticipating a reversal, and some analysts argue that technical indicators suggest a major price shift is imminent.
Analyst Predicts Breakout Within a Week
Crypto analyst, CryptoBull, has stated that the token is positioned for a breakout in the coming days. Since February, XRP has been trading within a symmetrical triangle pattern, which often precedes a significant breakout. The token’s price fluctuations have progressively narrowed, remaining within a defined range, which signals an upcoming movement in one direction. Based on this setup, CryptoBull anticipates that XRP could experience a bullish breakout as early as next week.
Breakout within 1 week. Next #XRP price target is $5.30. pic.twitter.com/LkrNjsGMzm
— CryptoBull (@CryptoBull2020) March 26, 2025
Should the breakout occur as expected, the analyst has set an ambitious price target of $5.30, a 125% increase from the token’s current trading price of $2.36.
Market Indicators Supporting a Potential Surge
Other analysts have also identified patterns that point to a potential uptrend. YouTuber Levi Rietveld highlighted a recent golden MACD cross on XRP’s chart, a technical signal that has historically preceded significant price increases. Rietveld referenced a similar setup in November 2024, which was followed by a dramatic price rally of nearly 600%. While he did not specify a price target, he expressed confidence that XRP could see another surge soon.
Another analyst, Steph, has compared XRP’s current structure and a historical price movement that saw the token rise from $0.49 to $3.40 within a few months. According to Steph, this pattern is repeated, indicating the possibility of a similar upward trajectory.
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Contrasting Views: Potential Price Decline
While some analysts foresee a breakout, veteran trader Peter Brandt has issued a more cautious outlook. He has identified a head-and-shoulders pattern on XRP’s daily chart, often indicating a downturn. According to Brandt’s analysis, XRP could experience a sharp decline, with a potential price target of $1.07.
Similarly, analyst Ali Martinez has warned of a possible correction, suggesting that XRP could fall below $1 if selling pressure increases.
With conflicting analyses from experts, the token’s near-term trajectory remains uncertain. Some analysts are optimistic about a significant breakout, while others warn of a substantial decline. As the cryptocurrency nears the apex of its consolidation phase, investors will be closely watching for confirmation of the next price movement.
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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