XRP News Today: XRP Poised for Breakout Between July and September

XRP, the cryptocurrency, has been in a tight range between $2.00 and $2.40 for an extended period. However, according to popular crypto chartist Egrag Crypto, this stagnation is about to change. Egrag Crypto, known for his technical analysis, predicts that XRP is on the verge of a significant breakout. This breakout is expected to occur between early July and mid-September, according to his chart analysis.

The analyst's reasoning is based on the formation of a large symmetrical triangle pattern, which has been in place for over 330 days. In this pattern, the highs are getting lower, and the lows are getting higher, creating a tightening "coil" of price action. Historically, such patterns tend to resolve sharply either upwards or downwards when 75% to 95% of the pattern's total length has passed. In this case, the 251-day mark points to July, and the 317-day mark takes us into September, indicating the window for the breakout.

If the breakout materializes, Egrag Crypto sets the upper bounds between $8 and $27. This prediction is based on the symmetrical triangle pattern visible in the monthly chart, which has been compressing for nearly a year. XRP has attempted to push above $2.40 multiple times since January’s high at $3.40 but has failed. However, it is now holding a higher base near $2.00, indicating that pressure is building. If bulls manage to crack through $2.40, especially with volume, the floodgates could open.

Other analysts share Egrag Crypto's optimism. Crypto YouTuber DustyBC believes that XRP under $2 is a steal, while Mikybull Crypto compares the current structure to XRP’s legendary 2017 breakout, which saw the coin go from pennies to dollars. Mikybull Crypto's forecast is $14 if history rhymes. This sentiment shift is also reflected in the price action, which is starting to confirm the bullish outlook.

XRP bulls are particularly focused on the $2.40 level, which is the 200-day Simple Moving Average (SMA) and a psychological ceiling. The 100-day SMA at $2.22 is the first hurdle, and the price has already tested it this week. A strong close above both levels would invalidate the current bearish setup that threatens a slide back to $1.18. Analyst CasiTrades suggests that clearing $2.25 and $2.69 would confirm this isn’t just a dead-cat bounce but a full-on trend reversal.

The success of this breakout depends on volume, momentum, and how markets digest macro noise. However, the setup is clean. A bullish resolution from this triangle pattern, backed by improving sentiment and whale accumulation, could spark XRP’s next parabolic move. Conversely, failure to break out by September could see traders give up and rotate to faster-moving names.