XRP News Today: XRP Poised for Major Move as Technical Indicators Signal Imminent Breakout

XRP is exhibiting clear signs of an impending significant move, as indicated by its chart patterns. After a period of consolidation, the price action is tightening, and technical indicators are signaling an upcoming directional shift. The cryptocurrency appears poised for a substantial move, whether it be a surge to the upside or a sharp reversal.

XRP's price remains confined within a long-standing triangle pattern, which is known for building pressure before sharp directional moves. The chart indicates that sellers are pushing for lower highs, compressing the price action towards a support level. Parshwa Turakhiya highlighted that the Exponential Moving Average (EMA) cluster between $2.17 and $2.23 is a critical breakout zone that is currently capping any upward momentum. A decisive break above this range could trigger a bullish reversal. Conversely, $2.09 serves as the last line of defense for the bulls. If this level fails, the structure could break down, potentially leading XRP to drop swiftly to $1.85.

Despite the building tension, the Relative Strength Index (RSI) remains neutral, described by Parshwa Turakhiya as “the calm before the volatility storm.” The chart structure suggests that a move is imminent. With early July approaching, Parshwa Turakhiya warns that a breakout or breakdown is on the horizon and it won’t be subtle. XRP is on the brink of a significant eruption.

Fabio Zuccara noted that Dr. Profit, known for his accurate calls on XRP at $0.15, $0.38, and $0.50, has projected a new mid-term target of $4.00. In a weekly chart shared via social media, XRP is forming a bullish structure, with a green arrow projecting a continuation move to the upside. Zuccara outlined a crucial level for maintaining the bullish trajectory, suggesting that momentum is building in favor of the bulls.

SquirtleCharts revealed that XRP’s 4-hour chart has mapped out a precise path toward a $3.00 target, with several resistance levels standing in the way. The first resistance level is $2.22, which is considered easy to clear. The next level at $2.33 is labeled as “a lot harder,” signaling a barrier that may require volume and conviction to break. The $2.48 level is described as “not too bad,” a moderate resistance area that might slow the rally but not be a roadblock. Finally, the $2.65 level is considered “pretty hard,” a zone where bulls may face challenges.

Sara emphasized that the chart structure looks flawless, with price action respecting critical zones and now coiling for an explosive breakout. Momentum is building, and bulls are defending the support zone. The next target is $3.50, and a breakout might happen swiftly.