XRP News Today: XRP Completes 32-Week Consolidation, Eyes $5 Rally

XRP, the cryptocurrency associated with Ripple, has recently completed a 32-week consolidation period, a pattern that mirrors its behavior before a significant breakout rally in 2017. This consolidation has drawn comparisons to the 2017 scenario, where XRP experienced a substantial rally after a similar period of consolidation. Analysts are now speculating that XRP could repeat this pattern and rally past $5 in the near future.

The current consolidation phase has been characterized by a tight range with low volatility, supported by increasing demand zones and constant volume absorption. This structure is reminiscent of the 32-week consolidation XRP underwent in 2017, which was followed by a major rally. The similarity in these patterns has led analysts to closely monitor Week 33 as a potential breakout point.

Another significant development supporting this bullish outlook is XRP's recent breakout from a multi-year symmetrical triangle pattern. This pattern, which has been forming since early 2021, compressed price action between descending and ascending trendlines. XRP's recent close above the triangle’s resistance line is seen as a confirmation of a structural breakout. This breakout has also occurred above a major monthly resistance zone, previously acting as a cap during bear market phases. Breaking above both the horizontal resistance and the descending trendline simultaneously is often interpreted as a bullish technical signal.

As of the time of writing, XRP was trading at around $2.30, attempting to break key Fibonacci retracement values. If the price remains above the breakout area, the next key resistance is between $2.90 and $3.50. A breach of this zone could open the way for a retest of historical highs above $3.80, with $5 as the next major psychological target. Analysts have noted that XRP has become bullish in all timeframes, a sign of underlying bullish momentum.

The momentum behind XRP's potential rally is further supported by increasing trading volume and improved market sentiments. Speculations that Ripple and the SEC were in the process of settling their legal battle have also contributed to a more positive outlook. While the specific result of the legal battle has not been confirmed, the sentiment surrounding a potential resolution has fueled the existing movement. Additionally, volume patterns between 2023 and 2025 indicate a slow climb in the accumulation regions, similar to the run-up in 2017. Should momentum be maintained and previous levels be met, the next target areas would be above $3.50, with the $5 mark as a long-term goal.

Further supporting a bullish outlook, recent analysis noted XRP's highest quarterly candle close in history above $2.25, signaling trend strength. Large wallet movements totaling over $500 million, alongside Ripple’s trust bank charter application, have fueled institutional speculation. Analysts suggested that XRP reaching its previous BTC or ETH pair highs could open the path toward $20–$30 valuations.