XRP holds firm above $2 support as consolidation ends, setting up a potential breakout past $2.65 toward a $4.60 midterm target.
A symmetrical triangle pattern from late 2024 nears completion, signaling a strong bullish continuation for XRP in Q3 2025.
Analysts see XRP’s rebound from $2.08 and growing volume as signs of strength, with altseason leadership likely if momentum sustains.
XRP is gaining strong momentum after weeks of consolidation, with bulls eyeing higher targets into Q3 2025. According to analyst Crypto Patel, XRP has reclaimed key levels around $2.00 and $1.90. These zones now act as solid support after months of sideways price action. The token currently trades near $2.19, rebounding sharply from recent lows. Analysts suggest that if the support holds, XRP could spearhead the next altseason breakout.
Source: Crypto Patel
Besides, the 4-hour chart shows XRP navigating between resistance and support zones. Price faced rejection near $2.6549, $2.4780, and $2.3308 during its prior push upward. However, the token found a critical base at $2.0803, labeled as “Multi Time Tested Support.” This level prevented deeper declines and triggered a 10% bounce from May’s bottom. Below this, $1.9767 and the psychological $1.9000 level act as key floors for bullish continuation.
Triangle Pattern Points to Breakout
Meanwhile, Crypto Faibik highlights a symmetrical triangle pattern visible on XRP’s daily chart. This formation began after XRP’s major rally from $0.50 to $2.90 in late 2024. The upper trendline connects several failed breakout attempts, while the lower trendline held firm during dips. Price now trades within a tight range, nearing the apex of this formation.
Source: Crypto Faibik
Hence, the pattern is nearing completion as the triangle squeezes price action into a narrow band. Typically, such formations resolve in the direction of the previous trend. For XRP, that trend remains bullish. Moreover, consolidation has reduced volatility and allowed strategic accumulation. Market sentiment shows growing anticipation for a breakout to the upside.
Traders Eye $4.60 Midterm Target
Additionally, Faibik believes XRP is setting up for a “parabolic breakout” in Q3. He forecasts a midterm target of $4.60 if the bullish breakout confirms. That would be a continuation of XRP’s uptrend and possibly trigger an altcoin rally. Volume has also shown signs of accumulation, supporting this breakout thesis.
XRP’s structure aligns with bullish technical setups and historical continuation patterns. Traders now monitor whether resistance at $2.33 and $2.65 can be broken convincingly. With strong support below and momentum building, XRP appears primed for a powerful move ahead.
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