XRP News Today: XRP Poised for $3.70 Surge as Analysts Cite Technical Breakouts

Generado por agente de IACoin World
lunes, 25 de agosto de 2025, 11:20 am ET1 min de lectura
XRP--

On August 25, 2025, on-chain crypto analyst Ali Martinez made a bullish prediction for XRPXRP--, stating in a post on X that “it won’t take long” before the cryptocurrency returns to $3.70 [1]. The prediction, accompanied by a chart, suggests a potential target price around mid-September. Martinez did not elaborate further but highlighted a descending triangle pattern, with Fibonacci retracement and extension levels aligning with the $3.70 projection. The analyst’s view appears to be grounded in the token’s technical structure, where a breakout above the downtrend resistance could validate the target.

Supporting this outlook, another analyst known as AltcoinGordon noted the emergence of a classic cup-and-handle formation on XRP’s daily chart, indicating a potential for a significant upward move [1]. This pattern typically signals a period of consolidation following a U-shaped recovery and suggests that a breakout above the neckline near $3.80 could be imminent. Such technical signals align with Martinez’s projection, reinforcing the possibility of a near-term upward move.

However, the potential for a breakout also carries risk. Analysts have warned that a breakdown below $2.80 could lead to a pullback toward $2.70 or even deeper retracements [1]. This dual-path scenario underscores the volatility inherent in crypto markets and the importance of monitoring key resistance and support levels.

While the forecast of $3.70 is a price target based on technical analysis, it is not a guarantee. Current market conditions remain fluid, and the path to the projected level may involve sharp corrections. Investors are advised to approach such predictions with caution, treating them as potential scenarios rather than certainties. The recent failure of XRP to break above $3 highlights the ongoing challenges in maintaining upward momentum, despite the presence of bullish chart patterns.

The broader cryptocurrency market has also experienced notable volatility, with traders liquidating over $700 million in a single day according to a separate report [2]. While such events reflect the general risk profile of the crypto market, they are not directly connected to XRP’s price action. Nonetheless, they serve as a reminder of the high levels of uncertainty that persist in digital asset trading.

Technical analysts continue to focus on price patterns and on-chain activity as key indicators of market sentiment. For XRP, the convergence of multiple bullish signals — including the descending triangle and cup-and-handle formations — suggests that a significant move could be on the horizon. Whether the price ultimately reaches $3.70 or faces a setback remains to be seen, but the current technical setup warrants close attention.

Source:

[1] Finbold (https://finbold.com/xrp-wont-take-long-to-reach-3-70-according-to-crypto-analyst/)

[2] Finbold (https://finbold.com/crypto-traders-liquidated-for-over-700-million-in-a-day/)

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