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Saturday, 28 June 2025
Cryptocurrency Earnings

XRP Price Suppressed by $2.40 Resistance as Analyst Predicts When a Breakout is Coming

XRP Price Suppressed by .40 Resistance as Analyst Predicts When a Breakout is Coming

key takeaways:

  • The XRP is trapped within a narrow range over the last three months.

  • The analyst says that the XRP price consolidation may end as the next month.

  • The XRP/USD price will have to install $ 2.40 as new support to resume uptrend.

The price of XRP is stuck within the last 90 days within the $ 2.00 and $ 2.40 range, with traders attempted to predict its next step.

XRP/USD has traded relatively since turning from itself Multi-year high $ 3.40 Arrived on 16 January, repeatedly trying unsuccessful to get out of the range.

XRP/USD Daily Chart. Source: Cointelegraph/Tradingview

Many analysts say that AltCoin has been designed for a large -scale breakout in double digits, but the question is when XRP will be out of consolidation.

When will the price of XRP break?

There may be preparation for XRP/USD pair Head upwards In this summer, popular crypto analysts according to Agrag Crypto.

“XRP breakout is coming,” analyst Said In the post of 24 June on X, its price action predicted a large symmetric triangle in the monthly deadline, predicting a big breakout in the next few months.

Egrag Crypto reported that this type of setup is usually solved between 75% and 95% of the total duration of the pattern.

In this case, XRP is having Integration within symmetric triangle For 334 days. Using historical behavior as a guide, EGRAG calculated two breakout timelines: 75% 251 days of 334 days, in the beginning of July 2025, and 334 days is 95% 317 days, which suggests mid -September 2025.

“This shows that the breakout can occur anytime in the beginning of July and between September 2025, so be cautious!”

XRP/USD Monthly Chart. Source: Agrag crypto

The chart of Egrag Crypto also includes key fibonacci extension levels centered around the symmetrical triangle, Setting $ 8- $ 27 XRP price target,

The increasing number of analysts believes that the next step for the XRP is upwards, as the bears fail to install new climbs.

Connected: Who is Arthur Brito, Ripple ‘Ghost’ who broke only 14 years of silence?

Crypto youtuber dustibak crypto Said“The XRP under $ 2 is incredibly cheaper. Bookmark this post, look back in 6 months,” suggests that the token could trade at a much higher price in the next half year.

Mikbul is crypto It is estimated that XRP may break soon A symmetric triangle structure to stage a rally similar to a rally in 2017 targets $ 14.

XRP bulls must recover $ 2.40

XRP’s ability to move higher is part of a recovery Price rally seen On June 24 at a high level of $ 2.21, 15% at its local at least $ 1.91.

The XRP bulls focus on breaking resistance between $ 2.22 (100-day simple moving averages (SMA)) and $ 2.40 (200-day SMA).

This level will pave a closer Way to return to $ 3.00 Or seven years high above $ 3.40.

XRP/USD Daily Chart. Source: Cointelegraph/Tradingview

As a coinalgraph InformedA clear breakout above $ 2.22 (100-day SMA) will invalve a recession structure, which will threaten the XRP price drop to $ 1.18.

Popular XRP analyst Casitrads stated that although “the speed is back, the price should break above two major resistance levels: $ 2.25 (.382 macro retracement and then $ 2.69 (.236 retracement).

“These are important macro levels and cleaning them with strength will confirm that this is not just a local response, but a true tendency innings!”

XRP/USD per hour chart. Source: Casitrades

There are no investment advice or recommendations in this article. Each investment and business move include risk, and readers should conduct their own research while taking decisions.