XRP News Today: XRP Nears End of 190-Day Consolidation Phase, Potential Breakout Imminent

Market expert Mr. Xoom has recently analyzed the cryptocurrency market and suggested that XRP is nearing the end of a prolonged consolidation phase. This phase, which has lasted approximately 190 days, is reminiscent of the 210-day consolidation period XRP experienced before its significant rise to nearly $3.40 in late 2017. Xoom's analysis indicates that this current accumulation phase could soon transition into a sharp upward move, with a potential breakout beginning as early as late June or early July.

Xoom's forecast is supported by a detailed chart provided by TradingView, which highlights two sideways periods in 2025. During these periods, the price reached only higher lows, a sign often associated with investors holding their assets for an extended period. These areas are marked as orange boxes on the chart, with the corresponding times noted.

If the historical pattern from 2017 repeats, XRP’s breakout could peak by the end of August or early September. This would likely mark the final leg of XRP’s current cycle, making it a critical moment for traders and investors. Xoom believes that by the end of August or the start of September, XRP should have made its final move up and ended its run. He advises market participants to proceed with caution and consider their exit strategies well, warning against holding onto positions too long without taking profits. Xoom urges followers not to rely solely on technical patterns or social sentiment.

XRP’s current structure is being closely monitored as technical signals point toward a potential breakout window. If the projected timeline holds, XRP could make its final major move of the cycle within the next 2 to 3 months. The analyst's observations point to a potential for substantial upward momentum if XRP can secure three consecutive daily closes above a key level. This development could signal a strong move, potentially propelling the cryptocurrency to new heights.

Another analyst has highlighted a significant consolidation phase for XRP, indicating that the cryptocurrency is approaching a critical decision point. This phase is characterized by a tight range, suggesting that a breakout is imminent as the market nears a pivotal turning point. The market trends indicate a likely shift from Bitcoin to altcoins in the next three months. This shift, often referred to as "altseason," could result in explosive growth for XRP and other altcoins. The analyst predicts that this decisive move will occur within the next 2-3 months, aligning with the current market dynamics and historical patterns.

However, the analyst also notes that until XRP breaks through the key resistance level of $3.3, the price will likely remain range-bound. This resistance level has been a significant barrier for XRP, and a breakout above this point could trigger a more substantial price movement. The analyst's forecast suggests that the current consolidation phase is a precursor to a major price expansion, which could occur once the resistance is overcome.

The technical indicators for XRP have turned bullish, with the price holding strongly above $2. This bullish trend is supported by various technical factors, including a distinct falling wedge pattern, which is often seen as a bullish reversal pattern. The analyst's observations suggest that XRP is poised for further gains, with the potential for a significant price increase in the coming months.

The analyst's predictions are based on historical patterns and current market trends, which indicate that XRP is on the cusp of a major price movement. The upcoming decision point, coupled with the potential for a shift to altcoins, suggests that XRP could experience substantial growth in the near future. However, it is important to note that these predictions are based on market analysis and historical data, and actual outcomes may vary.