XRP News Today: XRP Near $3 as Analyst Projects 33% Surge to $4 on Bullish Wedge Breakout

Seasoned market analyst CryptoBull has issued a technical forecast suggesting that XRP is on the verge of breaking out of a bullish falling wedge pattern and potentially reaching $4 within the next two days. This projection is based on a 4-hour XRP/USD chart from Bitstamp, which shows a falling wedge forming since mid-July. The pattern is typically seen as a precursor to a bullish breakout, with the analyst indicating a sharp upward move is likely if the pattern completes as expected [1].

At the time of the analysis, XRP was trading near $2.99, with price action consolidating near the apex of the wedge. The narrowing range suggests the market is gathering momentum ahead of a potential breakout. If the projected $4 target is reached, it would represent approximately a 33% increase from the current price [1].

The pattern has been reinforced by declining volume, which is typical during consolidation phases and is often followed by a surge in activity as the price moves beyond key resistance levels. The 200-day moving average remains below the wedge, further supporting the notion that the current price consolidation is occurring above long-term support [1].

CryptoBull’s forecast has prompted varied reactions from members of the XRP community. One X user, Adam Johnson, expressed cautious optimism, acknowledging the risks in setting precise timeframes for breakouts while agreeing with the general bullish direction. Another commenter, Mary Star, suggested a slightly more conservative outlook, expecting a potential pullback to the mid-2.70s before a sustained upward move [1].

While these comments reflect differing perspectives, they align with the broader theme that XRP is in a period of potential breakout. The $3.00 level has emerged as a key pivot area, with the lower boundary of the wedge providing structural support around $2.80. A small wick below this level on July 24 indicates a brief rejection but a quick rebound within the pattern [1].

The falling wedge pattern on the 4-hour chart aligns with other recent analyses that have highlighted similar formations on longer timeframes, including weekly charts. For instance, another analyst noted that XRP and XLM have completed similar falling wedge patterns, resulting in bullish breakouts in July [2]. Meanwhile, some observers have drawn broader parallels between XRP and the overall cryptocurrency market, with one analysis suggesting that a BTC surge could lead to a 200%-300% increase in XRP [3].

Despite the bullish signals, the timing of a breakout remains uncertain. The two-day timeframe proposed by CryptoBull should be treated as a short-term trading hypothesis rather than a long-term investment thesis. The success of the breakout will ultimately depend on confirmation from both price and volume data. The current chart structure meets the technical criteria for a bullish continuation pattern, but actual market behavior could deviate from the forecast [1].

The $4 target, if realized, would bring XRP closer to levels last seen during previous bull cycles. However, it is important to note that this is a projected outcome based on the analyst’s interpretation and not an assurance of future price action. Investors are advised to conduct their own research and consult with qualified financial advisors before making any investment decisions [1].

Source:

[1] TimesTabloid - [Analyst: XRP Will Break This Bullish Falling Wedge and Hit $4 In Next 2 Days](https://timestabloid.com/analyst-xrp-will-break-this-bullish-falling-wedge-and-hit-4-within-next-2-days/)

[2] AInvest - [XRP News Today: XRP and XLM Face Key Resistance as ...](https://www.ainvest.com/news/xrp-news-today-xrp-xlm-face-key-resistance-bullish-momentum-pauses-2508/)

[3] Mitrade - [Ethereum and XRP Could Surge 200%-300% If Bitcoin ...](https://www.mitrade.com/insights/news/live-news/article-3-1001992-20250731)