XRP News Today: XRP Poised for Bullish Breakout as Analyst Predicts 12x Rally

Technical analyst Jaydee, renowned for accurately predicting a 12x rally in XRP to $3.37, has released a new analysis indicating that the cryptocurrency may be on the verge of a significant bullish breakout. Currently trading around $2.23, XRP is positioned to break out of a falling wedge pattern that has been developing since late 2024. This pattern is characterized by two descending trendlines that have maintained XRP within a consolidating range for several months. The token is now at the upper boundary of the wedge, testing resistance after a period of sideways movement in May and June.

Jaydee's analysis is bolstered by a rising Relative Strength Index (RSI), which is currently at 50.66 and testing a descending trendline that has limited momentum for months. The analyst anticipates a breakout in both price and momentum, suggesting a potential trend reversal. Jaydee's previous accurate prediction of a 12x move in XRP, which reached the $3.37 target with precision, lends credibility to his current analysis. He has established new take-profit (TP) levels, although these are not specified in the chart. The confirmation of a breakout depends on a full 3-day candle close above the resistance line, which is currently around the $2.23–$2.24 range.

Jaydee emphasizes a disciplined trading approach, stating that his TP levels are set and that emotional reactions should be avoided. However, he acknowledges that without a clear close above resistance, this could be a false breakout or trap, especially considering broader market conditions. Patience is crucial 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 pivotal moment, and it is only a matter of time before the market determines its next move.

Jaydee is optimistic about XRP’s trajectory. The analyst stated, “If we can have a full 3-day candle close above for better confirmation… then I expect my next TP levels to hit,” he said. The breakout line on his chart aligns closely with the $2.23–$2.24 range, where the current three-day candle has wicked above the upper resistance line. However, the body of the candle has not yet clearly closed above it. The RSI, currently at 50.66, is also testing a descending trendline that has capped momentum for months. Jaydee also expects a breakout here, indicating that both price and momentum could be aligning for a significant shift. This combination of technical signals adds weight to the possibility of a trend reversal.

Jaydee previously called a 12x move in XRP, predicting a price target of $3.37, which, according to him, hit “with exact PRECISION.” His current post implies that another set of take-profit (TP) levels is in place, although they are not specified in the chart. If XRP can secure a candle close above this wedge, those targets are back in play. While Jaydee emphasizes that his TP levels are set and stresses a trading approach without emotional reaction, the chart also acknowledges that confirmation is key. Without a clear close above resistance, this could remain a false breakout or trap, especially in the context of broader market conditions. Patience is crucial in this situation, 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 nearing a pivotal moment, and it’s only a matter of time.