XRP Price Nears Breakout as Technical Patterns Signal Imminent Major Move
The post XRP Price Nears Breakout as Technical Patterns Signal Imminent Major Move appeared on BitcoinEthereumNews.com.
TLDR: XRP forms a triangle pattern with a major breakout expected within two weeks. Trading volume jumps over 100%, reflecting rising investor interest in XRP. Analyst EGRAG CRYPTO sets $20–$27 targets, warns of post-rally correction. XRP outpaces the broader market, gaining 5.19% weekly versus a 0.90% market rise. XRP price action has reached a pivotal moment as converging technical patterns suggest significant movement ahead. The cryptocurrency currently trades at $2.26, marking a 2.01% gain in the past 24 hours and a stronger 5.19% weekly increase. Trading volume has surged by 101.70% compared to the previous day, indicating heightened market interest. Technical analysts are closely monitoring key support and resistance levels that could determine XRP’s next major direction. Market participants await confirmation of whether the digital asset will break higher or face additional downside pressure. XRP Price Analysis XRP has been forming a descending triangle pattern since January 17, 2025, according to analyst Dark Defender’s recent market assessment. The descending trendline has acted as persistent resistance, creating lower highs throughout this period. Meanwhile, an ascending support line has been steadily rising, indicating growing demand at higher price levels. This convergence of trendlines has created a tightening price range that typically resolves with significant movement. Dark Defender emphasized that XRP will likely decide its direction within the next two weeks as these technical levels intersect. Crypto analyst EGRAG CRYPTO has outlined ambitious price projections for XRP. He suggests targets between $20 and $27 in what he calls “The Guardian Arch” scenario. #XRP – The Guardian Arch ($20-$27): Key Targets and Strategy By now, you should understand what I mean about targeting double digits. But please, I urge you, don’t wait for just one target to sell. Always take profits rationally and set clear, specific targets. I can’t stress… pic.twitter.com/ORiSEszwic — EGRAG CRYPTO…
Filed under: News - @ June 9, 2025 12:27 pm