XRP News Today: XRP's $3 Breakout Could Spark a Rally to $31, Backed by Fibonacci and Trendline Magic

Analysts have drawn attention to a compelling technical narrative for XRP, the third-largest cryptocurrency by market capitalization, suggesting the asset may be on a trajectory toward significantly higher price targets. The discussion centers on two distinct but overlapping analyses: one focusing on an eight-year trendline projecting XRP to $10–$13, and another using Fibonacci extensions to predict a possible price of $31. Both frameworks rely on historical price patterns and key technical levels to assess the long-term potential of XRP.

According to an analyst known as Papa, XRP’s historical price action forms a clear multi-year trendline that connects swing highs from 2017 and 2021, extending into 2026. This diagonal resistance line projects a long-term price range of $10–$13 for XRP. At present, XRP trades around $2.80, having recently consolidated below the $3 psychological level. This price area has historically served as a pivotal turning point, and bulls will need to maintain control to validate the bullish case [2].

A critical factor in Papa’s analysis is the need for sustained weekly closes above $2.85–$3.20, a range that has repeatedly acted as a cap for previous rallies. A successful breakout with strong volume could open the door to $4.50, a level that would serve as the first major validation of the long-term trendline. Further milestones include $6.50 and eventually the $10–$13 range. The analyst emphasizes that the credibility of this projection is bolstered by XRP’s recurring behavior at these levels across multiple market cycles [2].

Another perspective comes from EGRAG, who applied Fibonacci extensions to XRP’s historical price movements, identifying a potential target near $31. The analysis traces XRP’s peak in January 2018 to its 2020 low, projecting key levels using the 1.618 extension. According to this model, XRP could reach a price of $31.34, with additional support from a contracting triangle pattern that has defined much of its movement over the past seven years. EGRAG also notes that both XRP and Ethereum follow similar Fibonacci timelines, suggesting that a $31 price for XRP aligns with the same mathematical logic that has guided Ethereum’s trajectory toward $8,000 [6].

In addition to Fibonacci projections, several analysts have identified a potential bull flag pattern on XRP’s daily chart, with resistance forming near $3. A close above this level could confirm a bullish breakout, setting the stage for a move toward $5. This projection is further reinforced by the possibility of a spot XRP ETF approval in October 2025, with approval odds rising to 87% on platforms like Polymarket. If approved, an ETF could attract billions in institutional capital, significantly increasing demand for XRP and potentially accelerating its path toward higher targets [5].

While these projections remain speculative and not established facts, they highlight a growing consensus among technical analysts that XRP is poised for a significant move higher, contingent on maintaining key support levels and breaking through critical resistance. Dark Defender, for instance, noted that XRP has completed its fourth-wave correction in an Elliott Wave structure, setting the stage for a fifth-wave advance. He estimates that a sustained move above $2.85 could lead to a price target of $4.39, with further upside dependent on continued bullish momentum [4].

The immediate risks for XRP include failure to hold the $2.77–$2.80 support zone, which could trigger a retest of lower levels and prolong consolidation. Additionally, a breakdown below $2.50 would significantly weaken the bullish case, potentially sending XRP into a deeper correction [3]. Analysts also caution that without strong volume and liquidity confirmation, attempted breakouts may lack sustainability.

Looking ahead, XRP faces a pivotal phase in its price action. A successful breakout above $3 would not only confirm the short-term bullish case but also provide momentum for higher targets. Conversely, failure to maintain key support and resistance levels could lead to extended volatility and consolidation. With institutional inflows and potential ETF approvals on the horizon, the market is closely monitoring these key price developments. Traders and investors should remain attuned to these dynamics as they shape the next chapter for XRP in 2025.

Source:

[1] XRP Price Could See 20% Bounce To $3.4 If This ... (https://www.mitrade.com/insights/news/live-news/article-3-1099063-20250905)

[2] XRP to $13? Analyst Proves With 8-Year Trendline (https://timestabloid.com/xrp-to-13-analyst-proves-with-8-year-trendline/)

[3] Ripple's XRP on a turbulent ride — will bulls break the $3 ... (https://m.economictimes.com/news/international/us/xrp-price-prediction-ripples-xrp-on-a-turbulent-ride-will-bulls-break-the-3-wall-after-defending-2-77/articleshow/123700469.cms)

[4] Analyst Says XRP Wave 4 Correction Now Complete, Eyes ... (https://thecryptobasic.com/2025/09/04/analyst-says-xrp-wave-4-correction-now-complete-eyes-4-39-as-long-as-a-key-level-holds/)

[5] Classic XRP price chart pattern targets $5 as spot ETF ... (https://cointelegraph.com/news/classic-xrp-price-chart-pattern-5-spot-etf-reality-draws-closer)

[6] Fib Analysis Shows XRP at $31 and Ethereum ... (https://thecryptobasic.com/2025/09/05/fib-analysis-shows-xrp-at-31-and-ethereum-at-8000-on-same-level/)