XRP has maintained a relatively quiet profile in recent weeks, trading within a narrowing range while broader market attention has shifted elsewhere.
However, a recent post by Steph Is Crypto (@Steph_iscrypto), a technical analyst active on X, has given market participants reason to keep an eye on the digital asset.
The End of XRP’s Consolidation
The analyst shared a chart showing a clear symmetrical triangle pattern that appears close to resolution, potentially marking the end of a consolidation phase that has lasted for almost 6 months.
Notably, CasiTrades, another well-respected analyst, has unveiled a similar consolidation phase and expects a breakout by June 16.
The Heikin Ashi candlestick chart shared by Steph reveals converging trendlines stretching from January to June. The pattern is typical of market consolidation, where price compresses into a tighter range, reflecting declining volatility and uncertainty ahead of a potential breakout.
The triangle began forming after XRP rose to a multi-year peak of $3.39 in January. Tariff threats from the Trump administration triggered a price correction in early February, and the asset has not regained the $3 level ever since. However, Steph’s analysis suggests that the asset could soon reclaim this level and head toward higher targets, potentially hitting a new all-time high.
It’s time to pay very close attention if you hold #XRP 👀 pic.twitter.com/bhqCAeMe90
— STEPH IS CRYPTO (@Steph_iscrypto) June 11, 2025
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
Bullish Setup and a Potential Target
At the time of his analysis, XRP traded at $2.2874, sitting just below the triangle’s upper boundary. Steph Is Crypto emphasized the upcoming bull run visually with a sharply rising green arrow extending from the breakout zone toward the $4.2 mark.
Another well-respected analyst recently spotted an inverse head-and-shoulders pattern that has been forming since March and could send XRP to $4.22, adding credence to Steph’s target. While Steph did not provide a detailed breakdown, the implication is clear: a bullish breakout could follow if the digital asset decisively clears the triangle resistance.
Such formations often precede significant volatility, especially when confirmed by a strong volume surge at the breakout point. XRP has tested the resistance level multiple times since May, and the most recent upward move in June has brought it once again into proximity with the triangle’s ceiling.
Other Analysts are predicting even bigger moves for XRP, with a recent analysis showing that the digital asset could climb to $23 based on a multi-year pattern. Multiple experts are pointing toward an imminent XRP surge, and the breakout from this symmetrical triangle could be the start of a historic bull run.
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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