Analysts forecast a potential XRP breakout between July and September, targeting $2.64.
Whale activity shows XRP leaving exchanges, a bullish signal.
XRP’s price pattern mirrors Bitcoin’s 2024 pre-rally behavior.
After months of range-bound price action, XRP may be gearing up for a significant rally.
Analysts on the Discover Crypto YouTube channel say technical indicators and whale activity point to an XRP breakout between July and September. While XRP’s price has remained range-bound for months, this trend of underperformance may be nearing its end.
XRP Approaches Key Resistance Levels
Over the past three months, XRP has traded within a narrow band between $2.00 and $2.40. According to Nicky Valdez (Deezy) of Discover Crypto, this period of price consolidation has formed a symmetrical triangle, a technical pattern that often precedes a decisive move in either direction.
Related: Analysts See XRP Building a Liquidity Shelf at Key Support Level
Deezy believes the breakout is likely to occur when the asset reaches 75% to 95% of the triangle’s length. This puts the window for a potential surge between early July and mid-September.
The immedi…
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