XRP/USDT broke out of a descending channel on the 12-hour chart, suggesting a bullish reversal.
Analysts set a price target of $3.00, implying a 35.26% potential upside from the breakout level.
Despite short-term losses, the breakout may signal renewed buyer momentum heading into July.
After weeks of downward pressure, XRP may be poised for a significant comeback. According to a June 25 analysis by World Of Charts, the token has broken out of a descending channel on the 12-hour chart—an encouraging technical signal that could pave the way for a bullish rally toward the $3.00 mark.
According to World Of Charts, XRP/USDT has recently broken out of a descending channel pattern on the 12-hour chart, indicating a potential bullish reversal. The breakout is supported by a green candlestick breaking above the upper trend line resistance, as was seen in their TradingView analysis that was published on June 25, 2025.
Its posted price was 2.2252, which had increased by 1.62%. This is a technical indicator of growing buyer strength and a prospective end to the recent decline that began in May and has continued into June.
Technical Breakout Signals Reversal
The projection break or the bullish price target is about 3.00, which means that the ripple has a possible upside of 35.26 or 0.7776 based on the price target. The projection is consistent with a standard measured move after a breakout of a falling wedge or channel, in which the estimated price target can usually be estimated by the difference between the height of the pattern in price added to the breakout level.
Provided XRP continues an impressive upwards trend and breaches major resistance, then the movement described by World Of Charts may as well be the beginning of a new direction for the asset in the foreseeable future before July.
Market Pullback Could Be Temporary
XRP witnessed a notable dip of 3.05% over the past 24 hours, falling to $2.13 as of the latest data from CoinMarketCap. The market cap of the cryptocurrency decreased by 2.94% to stand at 125.94 billion, whereas the trading volume also reduced by 5.96% to 2.69 billion within 24 hours.
The fully diluted valuation of XRP (FDV) presently records at 213.44 billion dollars, as it has a current circulating supply of 59 billion tokens amid a maximum of 100 billion tokens. Considering the price chart, there is a steady decline in the prices all through June 26, with the price opening as low as 2.2162 as compared to the previous high. Such a retrenchment can be related to the general mood in the market, or it can be profit-taking after a rally.
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