XRP News Today: XRP Breakout Confirms Bullish Shift as Analysts Cite 2017 Parallels and $3.3 Support

XRP’s recent price movement has sparked optimism among analysts, who argue that the cryptocurrency has broken free of a long-term downtrend and entered a bullish phase. According to technical assessments from prominent figures in the crypto space, the altcoin is unlikely to experience a significant pullback, with one analyst declaring that “the train has left the station” and dismissing the possibility of a return to previous lows [1]. This sentiment is grounded in XRP’s structural breakout above key resistance levels and historical parallels to past bull runs.

The technical foundation for this optimism lies in XRP’s recent surge above $3.6 in late July, which invalidated a multi-month descending triangle pattern and pushed the price beyond a downward trendline that had constrained it since December 2024. JackTheRippler, a crypto analyst known for his XRP-focused insights, highlighted a strong horizontal support level near $1.77 that held firm during consolidation phases. The asset’s inability to retrace below this level, combined with its current consolidation around $3.3, suggests sustained upward momentum. JackTheRippler’s analysis emphasizes that XRP’s breakout invalidates traditional post-rally expectations of a retracement, reinforcing the idea that the market has entered a new phase [1].

Dark Defender, another analyst, drew comparisons between XRP’s 2025 chart and its 2017 setup, a period that preceded a dramatic price surge. Applying Elliott Wave Theory, Dark Defender projected potential targets at $13.13, $18.22, and $36.76. The current consolidation above $3.3 is framed as a stabilization period akin to pre-breakout patterns observed historically. June and July’s price action, which saw XRP surge above $3.6, is viewed as confirmation of a breakout structure, with August positioned as a critical month for further gains. The analyst’s projections, while speculative, align with the broader narrative of XRP entering a bullish cycle reminiscent of its 2017 trajectory [1].

The implications of these analyses highlight a shift in market dynamics. JackTheRippler’s assertion that XRP is unlikely to revisit earlier lows contrasts with conventional expectations of retracement after sharp rallies. This perspective is rooted in the technical validation of key resistance and support levels, suggesting structural confidence in the asset’s trajectory. For Dark Defender, the alignment of historical and current patterns—marked by sharp rallies, descending consolidation, and parabolic breakouts—further reinforces the likelihood of achieving projected targets. However, these forecasts remain speculative, as they rely on historical correlations and technical indicators rather than external factors like regulatory changes or macroeconomic shifts [1].

While the bullish outlook is compelling, market participants are advised to remain cautious. The analysts’ focus on technical analysis underscores the importance of price action in crypto markets, where sentiment and momentum often drive short-term trends. The assertion that “the train has left the station” reflects a consensus that XRP’s current trajectory may not reverse, but volatility remains inherent to the asset class. The next critical test for XRP will be its ability to maintain $3.3 as firm support, a necessary condition for the projected upward moves to materialize.

Source: [1] [XRP Analysis: The Train Has Left the Station] [https://www.newsbtc.com/analysis/xrp/xrp-train-has-left-the-station/]