XRP News Today: XRP Nears $3.10 Breakout as Bullish Patterns Signal Potential 60% Surge

Renowned cryptocurrency analyst XRP CAPTAIN has identified a classic falling wedge pattern on XRP's 4-hour chart, signaling a potential bullish breakout. The pattern, characterized by converging downward trendlines, suggests weakening bearish momentum and a tightening price range, often leading to a sharp upward move. Analysts project a breakout between $3.00 and $3.10, with the potential to push the price beyond $3.60 and even $4.00–$5.00 if market sentiment improves [1].

The falling wedge is considered one of the most reliable bullish reversal setups in technical analysis. On-chain data supports this view, showing strong accumulation during price pullbacks and reduced selling pressure [1]. EGRAG Crypto and XRPunkie have also flagged the same pattern, reinforcing the consensus that a breakout is imminent. Price has tested the wedge's upper boundary multiple times, indicating growing bullish intent [1].

As of the latest report, XRP is trading at $3.04, having reached a high of $3.13 and a low of $2.91. Despite minor intraday fluctuations, the asset remains above the key $3.00 psychological support, maintaining the bullish case. XRP is up more than 60% from its mid-July lows, reflecting sustained investor confidence amid broader crypto market uncertainty [1].

Looking ahead, a breakout above $3.10 with significant volume could accelerate the move toward $3.50, with extended targets at $4.00–$5.00. This outcome becomes more likely if institutional demand increases and discussions around an XRP ETF gain traction. On the downside, a drop below $2.80–$2.95 could invalidate the pattern, with $2.10 serving as a key defense level [1].

Additional analysts have noted a double bottom pattern and a bullish divergence on the four-hour chart, further supporting the potential for a reversal. A similar pattern in April 2025 led to a 65% price surge, reinforcing the likelihood of a comparable move if the current conditions hold [1]. Galaxy Digital also highlighted a broadening wedge pattern with support near $3, suggesting a sharp upward move may be in the cards [4].

With XRP nearing a critical technical juncture, the coming weeks will be pivotal in determining whether the patterns lead to a sustained rally or if support levels fail, triggering a pullback. The $3.10 level is now a focal point for traders and investors, as a confirmed breakout could signal the start of a new bullish phase for the asset.

Source:

[1] XRP’s $2.80–$2.95 Support Zone May Influence Potential Short-Term Rebound Signals https://en.coinotag.com/xrps-2-80-2-95-support-zone-may-influence-potential-short-term-rebound-signals/

[2] XRP Price Prediction: Double Bottom Pattern Opens Door ... https://cryptorank.io/news/feed/c0122-xrp-price-prediction-double-bottom-opens-door-for-bull-market

[3] XRP Price Prediction: 24-Hour Trading Volume Surges to ... https://www.coinspeaker.com/xrp-price-prediction-24-hour-trading-volume-surges-5-8-billion/

[4] XRP Surges 44% In One Month — But Is A Pullback On ... https://www.aol.com/finance/xrp-surges-44-one-month-192503618.html