XRP News Today: XRP Eyes $4 As Bullish Falling Wedge Near Breakout With 33% Upside Potential

Seasoned cryptocurrency analyst CryptoBull has released a technical forecast suggesting that XRP is set to break out of a bullish falling wedge pattern within the next two days, potentially pushing the token toward $4 [1]. This prediction is based on a 4-hour chart on Bitstamp that shows XRP consolidating within a wedge structure formed since mid-July, with trend lines converging near early August. Such patterns are often associated with an upward breakout, and in this case, the analyst anticipates a sharp move should the pattern confirm [1].

At the time of the analysis, XRP was trading around $2.99, with price action compressing as it approached the wedge’s apex. Volume has also been declining, a common indicator of consolidation ahead of a potential breakout. If the forecast materializes, the token would experience a 33% increase from its current level [1]. Other analysts have also noted similar bullish formations on both weekly and intraday charts, supporting the idea that XRP may see a period of upward momentum in mid to late July [2].

Key price levels on the chart include a pivotal area near $3.00 and a structural support zone above $2.80. A small dip below $2.80 occurred on July 24 but was quickly reversed, keeping the price within the wedge. On the upside, XRP has struggled to break past a descending resistance line, forming a tight range. The 200-day moving average remains below the wedge, reinforcing the notion that consolidation is occurring above longer-term support [1].

XRP’s recent breakout above its 50-day moving average has also drawn attention from analysts, who view this as a positive development that could signal a move toward $3 [4]. Some suggest that a sustained breakout above $3.84 could lead to a more significant rally, particularly if Bitcoin maintains upward momentum [5]. A Dragonfly Doji pattern formed near $2.80 to $2.95 further adds to the bullish narrative, with some analysts anticipating a 20% price increase if the token holds above that level [6].

Community responses have varied, with some expressing cautious optimism and others offering more conservative outlooks. While most agree with the general direction of the forecast, there is a consensus that predicting exact timing remains challenging. The market remains focused on confirmation through price and volume action, with the falling wedge meeting established technical criteria for a bullish continuation [1].

CryptoBull’s forecast aligns with broader technical indicators pointing toward a potential near-term rally, though analysts caution that the actual outcome will depend on how XRP interacts with key resistance and support levels. While some have speculated on a 200%-300% surge should Bitcoin continue its upward trend, these remain forecasts and not confirmed market outcomes [7].

[1] https://timestabloid.com/analyst-xrp-will-break-this-bullish-falling-wedge-and-hit-4-within-next-2-days/

[2] https://www.ainvest.com/news/xrp-news-today-xrp-xlm-face-key-resistance-bullish-momentum-pauses-2508/

[3] https://www.ainvest.com/news/xrp-news-today-altcoin-season-heats-magacoin-finance-wspe-haedal-gaining-breakout-momentum-2508/

[4] https://thetradable.com/crypto/xrp-ripple-eyes-3-target-after-breaking-key-50-ema-resistance-2

[5] https://www.facebook.com/groups/1638348629647152/posts/3304307869717878/

[6] https://www.tiktok.com/en/trending/detail/xrp-pulls-back-to-280-support

[7] https://www.mitrade.com/insights/news/live-news/article-3-1001992-20250731