XRP has broken out of a key descending channel, a bullish technical signal
The move was fueled by the launch of the new EVM-compatible sidechain on the XRPL
Analysts are now watching for a push toward a short-term price target of $2.40
Most XRP community members believe the cryptocurrency is pointing to a classic technical breakout that has been further fueled by a major fundamental development. The recent surge also pushed XRP above a key descending channel, a move that one analyst believes is the start of a push toward a short-term price target of $2.40.
#XRP – The Break-Out:
Th Green Descending Channel is Broken, Now we need the Pink Descending Channel to be broken.
Target to close above $2.40#XRPFamily STAY STEADY and STRONG 
, Together We Rise 
and We Shall Fly So High 
pic.twitter.com/ttVYbItLxK
— EGRAG CRYPTO (@egragcrypto) June 30, 2025
The crypto user presented his XRP analysis on X using a section of the XRP/USD daily chart on TradingView.
Related: 3 Big Reasons Why XRP Could Surge in July
The screenshot he shared consists of two regions comprising a minor and major channel. XRP has broken above the minor channel, signaling a potential ups…
The post XRP Breaks Out of a Minor Channel to Set the Stage for an Upsurge appeared first on Coin Edition.
