XRP, Bitcoin's younger cousin, gained optimistic bets after maintaining a price above $3 in July. Trading records and public comments show that the token reached $3 in January 2025, its highest level in seven years, before retreating and then regaining it in mid-July.
Some experts see the recovery as a change in market structure, with prices at $3.12 as momentum checks continue.
Breakouts and support change
Analyst Steve says that the breakout above the downward trend line on the weekly chart for XRP is what matters.
Turning $3 from resistance to support is a classic technical indicator, says Steve. He used weekly charts to show that breakouts from similar trend lines have usually led to significant increases, tracing the pattern back to 2022 when the price movement began to change.
Reports show the same arrangement across cycles. After the Terra collapse in May 2022, XRP fell and formed a downward trend line that was broken in September 2022, reaching $0.55.
Later, a new trend line was broken around the SEC's ruling against Ripple in July 2023, causing movement around $0.94.
After the breakthrough following the US elections in November 2024, XRP reached $3.4 in January 2025. The 'repetition pattern' argument is based on those cases.
Steve expects a 340% increase to $14 from $3. Some traders who sold early made profits, while others who stayed may earn higher returns if the hypothesis holds.
Reports indicate that some analysts predicted a major breakout for XRP when it was trading at $2, pointing to Fibonacci levels towards $14, while others set a lower target of $14 in March.
Any push above recent highs will show volume. Check if $3 will remain as support and whether the weekly breakout will continue as the price rises.
Watch how long the consolidation phase around $2 lasted - more than five months - because prolonged flat rules may precede rapid volatility if buyers return. The derivative flows and the placement of sell orders from large holders are also important.
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