Ripple's XRP Targeting Over $2.35, as its Chart Pattern Resembles Bitcoin's $108K Spike
In the cryptocurrency market, XRP has been maintaining a stable position around the $2.29 level, serving as a key support for the digital asset. However, despite the alignment of several technical factors, a confirmed breakout for XRP remains elusive.
Current analysis of XRP's breakout potential in 2025 presents a mixed picture. On one hand, XRP is forming a descending triangle pattern on shorter timeframes, which historically tends to be bearish about half the time. Yet, some traders interpret this pattern alternatively as a falling wedge, a pattern that is generally bullish and signals a potential reversal upward.
If XRP manages to break above the upper trendline of this pattern, it could rally by an amount roughly equal to the triangle's height, potentially reaching around $3.35, about 50% above current levels. However, a breakdown below crucial support zones near $1.80–$2.00 could trigger a drop toward $1, which aligns with XRP's on-chain realized price level, suggesting significant downside risk if that support fails.
Meanwhile, XRP has been consolidating below $2.8 since early 2025, showing limited breakout momentum above resistance levels like $2.3 or $2.5. This consolidation phase could continue, making a sharp rise to $5 difficult in the near term, although a move above $3.5–$4 remains plausible if bullish conditions improve.
The similarity between XRP's volume profile and past market cycles' prolonged stagnation periods suggests potential for large moves. Recently, XRP has tested and broken its own descending trendline to the upside, indicating accumulating pressure.
The potential breakout of XRP mirrors typical altcoin behavior relative to Bitcoin's dominant trends. For XRP to sustain a significant breakout, it would likely need favorable macro conditions similar to or better than Bitcoin's momentum.
Fundamental events such as a resolution of the SEC lawsuit against Ripple or approval of an XRP ETF could fuel strong rallies, potentially validating bullish technical setups. However, until a clear breakout is confirmed, XRP remains in a zone of potential but unfulfilled momentum.
Some analysts remain cautious about XRP's potential breakout, while others find the alignment of technical factors compelling. A confirmed close above the $2.35 range may open the door to extended gains in the coming weeks.
As of now, Bitcoin, the market leader, has a price of $108,910.61, a market capitalization of $2.16 trillion, and a daily increase of 0.63%. Bitcoin's weekly candle closed above a descending trendline in late April and has since gained strong upward momentum.
In summary, XRP's breakout outlook hinges on its ability to break out of a technically ambiguous descending triangle/falling wedge pattern, surpass key resistance around $2.5-$3, and sustain volume momentum. Failure to hold crucial support near $1.8-$2 could lead to sharp declines. Meanwhile, fundamental developments and broader market conditions will be crucial in defining whether XRP experiences a significant breakout compared to Bitcoin’s trends.
In the realm of XRP's anticipated breakout in 2025, the formation of a descending triangle pattern on shorter timeframes presents a bearish outlook for some, while others interpret it as a bullish falling wedge, signifying a potential reversal. Moreover, a confirmed close above the $2.35 range might open the door to extended gains for XRP in the coming weeks, depending on its capacity to surpass key resistance levels and hold crucial support zones.
