XRP News Today: XRP Poised for Bullish Breakout at $2.23, Analyst Predicts

Technical analyst Jaydee (@jaydee_757) has published a detailed chart analysis suggesting that XRP, currently trading around $2.23, may be on the brink of a significant bullish breakout. The analysis focuses on a three-day candlestick chart of XRP, highlighting a potential breakout from a falling wedge pattern that has been developing since late 2024. This pattern is defined by two descending trendlines that have kept XRP within a consolidating range for several months. The token is now at the top of the wedge, trading at $2.23, and is pressing against resistance after a period of sideways movement through May and June.

Jaydee's chart analysis indicates that XRP is poised for a breakout, with the breakout line aligning closely with the $2.23–$2.24 range. The current three-day candle has briefly moved above the upper resistance line, but a full close above this level is necessary for confirmation. The Relative Strength Index (RSI), currently at 50.66, is also testing a descending trendline that has limited momentum for months. Jaydee expects a breakout in both price and momentum, suggesting a potential trend reversal.

Jaydee's previous prediction of a 12x move in XRP, with a price target of $3.37, was reportedly achieved with precision. His current analysis implies that another set of take-profit (TP) levels is in place, although these levels are not specified in the chart. If XRP can secure a candle close above the wedge, these targets could be reactivated. Jaydee emphasizes a disciplined trading approach, stressing that his TP levels are set and that emotional reactions should be avoided. However, he acknowledges that confirmation is crucial, as a false breakout or trap is possible, especially given broader market conditions.

Patience is essential in this scenario, as the three-day candle must confirm the breakout with a solid close above the wedge. The price and RSI action suggest that XRP may be approaching a critical juncture, and it is only a matter of time before a clear direction emerges. Jaydee's analysis, combined with bullish expectations from other well-respected analysts for July, adds weight to the possibility of a significant shift in XRP's trajectory.