XRP News Today: XRP Breaks Out of Symmetrical Triangle, Eyes $3.50 Resistance

XRP has recently drawn significant attention following observations by crypto analyst STEPH IS CRYPTO, who identified what he terms a “Golden Entry” on the monthly price chart [1]. According to the analyst, this formation—a symmetrical triangle pattern historically associated with major price breakouts—suggestively mirrors the chart structure that preceded XRP’s explosive 2017 rally [1]. STEPH IS CRYPTO argues this could represent a final opportunity for investors to position themselves ahead of a potential major upward movement.

The current chart pattern closely resembles the one seen before XRP’s 2017 surge, when the asset rose from below $0.01 to a peak of $3.84 within months [1]. After a consolidation phase just below $3.50, XRP has now broken out of the triangle pattern, confirming the “Golden Entry” setup on the monthly chart. The price has reclaimed the $2.95–$3.00 resistance range and is currently trading at $2.90 [1]. Traders are now watching for a potential push toward $3.50, with some analysts suggesting the possibility of a move to $5.00 or even $10.00, contingent on the pattern repeating as in 2017 [1].

Alongside the technical signals, broader fundamentals are contributing to the bullish momentum. Ripple’s launch of RLUSD, a stablecoin operating on the XRP Ledger, has added liquidity and real-world use cases [1]. Additionally, the upcoming FXRP project, which aims to enable trustless bridging between XRP and other blockchains, is seen as a catalyst for further adoption and utility [1].

Despite recent optimism, there are cautionary signals. Ripple CEO Brad Garlinghouse sold $200 million worth of XRP in July 2025, which some interpreted as a bearish indicator [1]. However, market sentiment has remained largely positive, with increased trading volumes and favorable technical indicators across multiple time frames [1]. Analysts have also emphasized the importance of maintaining key support levels, such as $2.65, to prevent a potential pullback [5].

Some market observers, while acknowledging the technical setup, have offered more varied long-term forecasts. For example, one analyst predicts XRP could reach $26.97 by 2030, though this remains speculative [2]. Meanwhile, The Motley Fool Stock Advisor team has not included XRP among their top 10 stock picks for 2025, indicating a more conservative stance on its investment potential [3]. These differing views highlight the uncertainty surrounding the asset’s future trajectory.

In the short term, XRP has shown positive momentum, including a 3% gain on August 3, 2025, trading at $3.24 [4]. However, this follows a period of volatility, and analysts caution that the asset must hold key levels to avoid a deeper correction. If successful, the pattern could validate STEPH IS CRYPTO’s claim of a “Golden Entry” and signal the beginning of a significant upward move.

New developments in the XRP ecosystem are also contributing to the asset’s appeal. LET Mining has introduced a mobile app that allows XRP holders to engage in cloud mining using the token as a payment mechanism [6]. This lowers the barrier to entry for retail investors and diversifies the ways in which users can interact with XRP. Cloud mining platforms such as LET Mining and BJMINING continue to attract growing interest, further expanding XRP’s reach [7].

It is important to note, however, that while analysts may forecast substantial price gains, these remain speculative. For instance, some experts speculate that XRP could break out to $15 or higher, but these are not confirmed outcomes [8]. Investors are urged to treat such forecasts with caution and to base decisions on their own risk tolerance and investment strategies.

In summary, the XRP market is at a critical juncture. While technical indicators and historical parallels suggest a potential breakout, the broader market environment and divergent analyst opinions add complexity to the outlook. Investors are advised to conduct thorough research and exercise caution when considering XRP as part of their investment strategy.

Sources:

[1] “XRP Has Formed Golden Entry, Analyst Says This Is Your Final Chance to Get Rich” (https://timestabloid.com/xrp-has-formed-golden-entry-analyst-says-this-is-your-final-chance-to-get-rich/)

[2] “XRP Price Prediction: Where Ripple Could Be by 2025” (https://finance.yahoo.com/news/xrp-price-prediction-where-ripple-141446425.html)

[3] “Could XRP (Ripple) Hit $10 Before 2027?” (https://www.aol.com/could-xrp-ripple-hit-10-093000273.html)

[4] “XRP price prediction: After today's 3% surge, is Ripple set…” (http://www.msn.com/en-in/money/markets/xrp-price-prediction-after-today-s-3-surge-is-ripple-set-to-smash-4-as-whales-buy-big-and-experts-predict-60-rally/ar-AA1JrfYE?apiversion=v2&batchservertelemetry=1&domshim=1&noservercache=1&noservertelemetry=1&renderwebcomponents=1&wcseo=1)

[5] “XRP Must Hold $2.65 Support Or Risk Major Breakdown” (https://www.mitrade.com/au/insights/news/live-news/article-3-1007822-20250803)

[6] “LET Mining launches XRP cloudmining mobile app, …” (https://www.openpr.com/news/4130405/let-mining-launches-xrp-cloudmining-mobile-app-opening-up-new)

[7] “Surge of Cryptocurrency Investors Join BJMINING Cloud…” (https://cryptonews.com/press-releases/surge-of-crypto-investors-join-bjmining-cloud-mining/)

[8] “XRP / TetherUS Trade Ideas — BINANCE:XRPUSDT” (https://www.tradingview.com/symbols/XRPUSDT/ideas/?sort=recent)