XRP News Today: XRP Coils for Breakout as Analysts Predict 100% Gain

XRP, the cryptocurrency associated with Ripple, has been exhibiting a tight trading range, which experts believe signals an imminent and significant move. The token has been coiling within key levels, and analysts are closely monitoring the situation, predicting a potential major breakout.

A prominent market analyst has noted that XRP is currently in a state of technical compression, akin to a spring coiling. This pattern suggests that a breakout could lead to a substantial price movement. The analyst, STEPH IS CRYPTO, has highlighted a descending triangle pattern on XRP’s 3-day chart, which has been in place since January 2025. This formation is known for its potential to trigger volatile breakouts once the price compresses into a tight range. XRP has repeatedly tested support above $2.00 while facing resistance around $2.33.

The key signal to watch, according to Steph, is a daily close above $2.33. If this level is breached, it could initiate a sustained rally, breaking the current consolidation. Volume indicators support this view, showing declining volume within the triangle, which historically leads to explosive price action once momentum returns.

Steph has outlined several ambitious but technically grounded price targets using Fibonacci extensions drawn from XRP’s 2024 low to its January 2025 high. The first target is projected at $5.38, representing the 0.618 Fibonacci extension. If momentum accelerates, further price levels at $11.31, $23.78, and even $37.63 come into view. Steph emphasizes that these projections are part of a broader multi-leg breakout that could unfold over weeks or months, requiring patience from investors.

On the monthly chart, XRP appears to be forming a symmetrical triangle, with an apex estimated between early July and mid-September. This setup coincides with the timing window Steph referenced in previous updates. Historically, symmetrical triangles on higher time frames tend to precede prolonged directional moves. Key resistance zones sit between $2.40 and $2.69, which coincide with the 100-day and 200-day simple moving averages. A clean breakout above this region could see XRP reclaim $3.00 quickly, setting the stage for a move toward its all-time high of $3.40.

Beyond technical analysis, broader market dynamics and regulatory developments may serve as catalysts for XRP’s potential breakout. Regulatory clarity is improving, especially following Ripple’s legal progress in its battle with the U.S. Securities and Exchange Commission. Combined with the increasing adoption of RLUSD and Ripple’s U.S. bank charter application, institutional sentiment around XRP appears to be turning positive. Additionally, the current macro cycle in crypto, with Bitcoin recently breaking new highs and altcoins starting to rotate into the spotlight, suggests that XRP’s timing for a breakout could hardly be better.

However, caution is still warranted. There is a notable liquidity block around $2.00, representing a large sell wall. If the price rejects from resistance and breaks below support zones like $2.06 or $1.95, the bullish setup could be invalidated or delayed. Traders and investors should watch these levels closely.

XRP has stayed above its previous monthly high of $1.90 for over eight months. The analyst describes this as a bullish compression. With price holding steady and low volatility, the pressure is building. When assets move like this, major breakouts often follow. According to Elliott Wave theory, XRP is all set to enter a strong upward trend. This means that we could see the price rise through five distinct waves, pushing it beyond $30 by mid-2026.

Analyst Vincent Code also predicts that XRP could hit $30–$50. He cited several reasons for XRP’s rise. RippleNet could capture 20–30% of the $1 trillion cross-border payments market. More than 50 countries may adopt XRP for CBDC bridges. A big crypto bull run in 2026–2027 could spark strong market excitement. Demand for RLUSD is also growing. Further, Ripple’s 2024 agreement with Saudi Arabia’s central bank could pave the way for XRP to be used in oil-related settlements. He also expects that an XRP Spot ETF approval could bring $20–$50 billion in institutional investments.

Analyst MelarinX says that XRP is coiling like a spring and quietly building energy before a big breakout. Davinci Jeremie, a Bitcoin proponent has also made a U-turn and predicted that XRP could possibly hit $24 this year. He cited that many people in the US government are “pushing for XRP.”

XRP is currently trading at $2.23. Currently, it is stuck in a tight range, and key moving averages are closing in. This kind of setup often comes before a big, sudden move. Both upward and downward moves are possible. Nevertheless, XRP’s strong bullish setup and the growing institutional interest, like Ripple’s U.S. bank license bid and ETF talks, are keeping the long-term optimism alive.