XRP has entered a decisive new phase after breaking out of its prolonged trading range, with analysts now pointing to $5 as the next major target. Prominent market watcher STEPH IS CRYPTO highlighted the move in a post on X, noting that the breakout carries significant technical implications.
Breaking Out of Consolidation
For much of this year, XRP’s price action was confined within a horizontal range. The chart shared by STEPH IS CRYPTO shows this consolidation clearly, with support forming near $2.00 and resistance around $2.90. Within this structure, XRP experienced a “fake out”—a brief surge above resistance that quickly reversed back into the range.
While this false move temporarily dampened bullish momentum, the overall structure held firm. Eventually, XRP pushed decisively beyond the upper boundary, signaling the breakout traders had been waiting for and marking a key turning point in its 2025 performance.
#XRP broke outside of the range.
$5 is next! 🚀 pic.twitter.com/cAbCqXXH82
— STEPH IS CRYPTO (@Steph_iscrypto) August 21, 2025
Current Price Action
As of report time, XRP is trading near $2.91, matching the level captured on the chart. This zone, once a strong ceiling of resistance, has now become the crucial level to watch. If XRP can hold this area as support, it confirms the validity of the breakout and sets the foundation for the next leg upward.
The sequence of events—extended consolidation, a fake out, and finally a clean breakout—fits a classic technical pattern. This gives further weight to the view that the market has entered a new bullish phase.
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Targeting $5
According to STEPH IS CRYPTO, the next major objective for XRP is $5. The projection is based on the measured move from the width of the previous consolidation zone. By breaking through $2.90, XRP has cleared the path into a higher trading range, with $5 emerging as the logical milestone ahead.
A move to this level would represent a substantial rally from current prices and highlight XRP’s tendency to accelerate once critical resistance zones are broken. The structure of the chart suggests that this breakout is still in its early stages, meaning further upside potential remains in play.
What to Watch Next
The key factor now is whether XRP can sustain its position above the former resistance at $2.90. Holding this level as support would strengthen the case for an advance toward $5, while a failure to do so could send the price back into consolidation before another attempt higher.
For now, XRP’s technical outlook is unmistakably bullish. The breakout above its long-standing range has shifted market sentiment, and as STEPH IS CRYPTO emphasized, this move could define the token’s trajectory over the coming months.
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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