Will XRP repeat its 70% rally? Price nears classic fractal breakout.
XRP is repeating technical patterns from its early 2025 rally, pointing to a potential surge toward the $3.75–$4.00 range.
XRP is mirroring a bullish fractal that led to a 70% rally earlier this year.
Price eyes a 20% breakout from a falling wedge, targeting $3.75 in August.
XRPL growth and stablecoin activity bolster the case for a move toward $4.
XRP falling wedge hints at 20% rally in August
Between December and January, XRP consolidated inside a falling wedge pattern while holding firm above its 50-day exponential moving average (50-day EMA; the red wave).
The pattern resolved with a breakout to the upside in early January, reclaiming the 20-day EMA (the purple wave) as support and fueling a 70% price surge — from around $2 to above $3.39 — within weeks.
As of August, XRP is once again consolidating within a falling wedge after a steep rally, while bouncing from its 50-day EMA and flipping the 20-day EMA back into support.
In both cases, XRP’s relative strength index (RSI) pulled back sharply from overbought levels and stabilized near 50, a reset that preceded a breakout in January.
The similarities between the two patterns suggest that XRP could be on the verge of another strong move upward.
As of Tuesday, the cryptocurrency is testing the wedge’s upper trendline for a potential breakout toward $3.75, up by over 20% from the current price levels, in August.
A rejection at the upper trendline could delay the breakout, with XRP likely retesting the 50-day EMA as support. A close below this level risks a drop toward the wedge apex near the 200-day EMA around $2.34.
Some analysts expect XRP to break above $4 this cycle, owing to whale accumulation and a potential Federal Reserve rate cut in September that may fuel risk appetite overall.
