XRP News Today: XRP Nears Breakout Point With 30% Potential Gain

XRP is currently trading at $2.16, with traders anticipating a significant move as the asset approaches a massive technical formation. Crypto analyst Gordon has identified a "monster of a wedge" on XRP’s daily chart, suggesting that a breakout could lead to a substantial price increase.

Gordon's observation has sparked optimism among XRP holders, who have been waiting for a strong breakout after months of sideways consolidation. The wedge pattern on XRP’s daily timeframe is a classic technical structure characterized by converging trendlines that reflect tightening price action and diminishing volatility. As the range narrows, pressure builds, often culminating in a violent breakout once one side of the wedge is breached.

Gordon described the pattern as a "monster," reflecting the scale and duration of the setup. This is not a short-term fluctuation but a long-form structure stretching over weeks, if not months. The longer the price stays within the wedge, the more energy builds for the eventual breakout. With XRP now nearing the apex of the wedge and fluctuating tightly around $2.16, the setup appears nearly complete.

Wedge breakouts are particularly impactful due to their tendency to release pent-up momentum. When the price escapes the boundaries of a well-defined wedge, especially one formed over a long period, traders often see sudden spikes in volume and acceleration in price. Gordon’s claim that XRP will fly speaks to this dynamic. If XRP breaks above the upper trendline with conviction, it could rapidly push toward key upside targets around $2.70, $3.00, or even $3.61.

Technically, the signs are aligning. Moving averages on the daily chart, including the 20-day and 50-day exponential moving averages, are beginning to converge, a classic signal that volatility is about to expand. Meanwhile, trading volume, though not yet spiking, has shown consistent underlying support—another ingredient for a potential breakout.

Beyond the chart, broader market sentiment and legal developments could amplify XRP’s next move. Ripple’s legal battle with the U.S. Securities and Exchange Commission is now at a crucial stage. The company has submitted a revised filing following a previous procedural rejection, and both Ripple and the SEC now await Judge Analisa Torres’ final decision on whether the injunction on XRP’s institutional sales will be lifted. This looming verdict is keeping traders on edge. A favorable ruling could unleash a surge of institutional confidence, providing the kind of fundamental catalyst that matches the technical breakout Gordon anticipates. Even without a ruling, the expectation alone may act as a tailwind.

Additionally, with the broader crypto market showing signs of renewed strength, XRP is positioned to benefit from sector-wide momentum. Should Bitcoin and other major altcoins continue to trend higher, XRP could ride that wave, further fueling a wedge-driven breakout.

XRP’s price compression near $2.16 suggests that the wedge is reaching its breaking point. Whether the breakout comes in a matter of days or weeks, the technical structure Gordon highlighted is impossible to ignore. As the chart tightens and external catalysts loom, traders are closely watching for the moment the wedge gives way. For now, the advice is clear—stay ready. If Gordon is right, XRP won’t just move. It will fly.