XRP News Today: XRP Breaks Out of Prolonged Range Triggers $5 Price Target Speculation

XRP has entered a critical phase following a breakout from a prolonged trading range, drawing attention from analysts who suggest the next key price target is $5. The move marks a significant shift in the token’s technical pattern and has ignited renewed interest in its near-term potential.

For much of 2025, XRP's price activity remained confined within a horizontal range, with support around $2.00 and resistance near $2.90. This consolidation was punctuated by a brief but unsuccessful attempt to break above resistance—commonly referred to as a "fake out." Despite this temporary setback, the structure of the range held firm, and XRP eventually surged past the upper boundary, confirming a clean breakout [1].

The current price of XRP hovers near $2.91, matching the resistance level that has now become a critical support zone. Analysts emphasize that if XRP manages to maintain this level, it would reinforce the validity of the breakout and set the stage for further upward movement. The breakout aligns with a classic technical pattern, giving credence to a potential new bullish phase in the token’s price action [2].

Prominent market observer STEPH IS CRYPTO has highlighted the $5 level as the next major target, based on the measured move from the width of the previous consolidation range. This projection is rooted in the idea that once a key resistance is overcome, the price often extends in the direction of the breakout. A successful advance toward $5 would represent a strong continuation of the recent momentum and could reinforce the broader bullish sentiment [2].

Trading activity has also shown signs of intensifying, with intraday volume surging to over 155 million—nearly three times the daily average. This increase is often associated with institutional participation and suggests a shift in market dynamics. Analysts stress the importance of maintaining a level above $2.85 to keep the bullish outlook intact [1].

Looking ahead, the focus remains on whether XRP can sustain its position above $3.00. A successful breakout could lead to a retest of the $3.17 level and potentially push toward $4.00. Conversely, a failure to hold the $2.82–$2.85 support could result in a pullback toward $2.65 [1].

Some traders anticipate a brief dip before XRP rebounds toward key resistance levels, offering short-term profit-taking opportunities. Others suggest that a close above $3.65 could initiate a new phase of price discovery, with optimistic forecasts reaching as high as $27.50. However, these higher targets remain speculative and are contingent on broader market conditions [1].

In the short term, XRP is trading near $2.95 within an ascending channel, and analysts project a potential breakout toward $5 based on its chart strength. Another view posits that XRP could climb into the mid-$3 range, with a breakout above $3.35 possibly bringing $4 into view [3].

Longer-term forecasts remain cautiously optimistic, with growth in 2025 dependent on regulatory clarity and broader adoption of the XRP Ledger. Institutional interest and ongoing developments in the crypto market are expected to influence the token’s trajectory, though broader market sentiment and regulatory uncertainties continue to act as headwinds for more aggressive price movements [1].

Source:

[1] XRP Price Prediction – XRP Charts Point to $3 Breakout as Analysts Spot Bullish Signals (https://bravenewcoin.com/insights/xrp-price-prediction-xrp-charts-point-to-3-breakout-as-analysts-spot-bullish-signals)

[2] XRP Eyes $5 Breakout as Ascending Channel Holds Strong (https://coincentral.com/xrp-eyes-5-breakout-as-ascending-channel-holds-strong-support/)

[3] XRP Short-Term Price Forecast for September (https://captainaltcoin.com/xrp-short-term-price-forecast-for-september/)