XRP News Today: XRP Technicals Signal Potential Breakout Toward $3.10 With 60% Recovery Gains

XRP is drawing increased attention from technical analysts who have identified a falling wedge pattern across multiple timeframes, signaling the potential for an imminent price breakout. Renowned chart analyst XRP CAPTAIN has highlighted a classic falling wedge on the 4-hour chart, with a projected price target between $3.00 and $3.10, and further upside potential beyond $3.60 should the breakout hold [1]. This pattern, characterized by converging downward trendlines, is widely regarded as a reliable indicator of bullish momentum reversal, suggesting that sellers are losing strength and buyers are gaining control [1].

On-chain data supports this view, showing strong accumulation during recent price pullbacks and a noticeable decrease in selling pressure [1]. Other analysts, including EGRAG Crypto and XRPunkie, have also pointed to the same pattern, reinforcing the consensus that a breakout is on the horizon [1]. Price action has already tested the wedge’s upper boundary multiple times, indicating growing bullish intent from traders and investors [1].

As of the latest update, XRP is trading near $3.04, having held above the key psychological level of $3.00 despite recent intraday volatility [1]. The asset has seen a more than 60% recovery from its mid-July lows, demonstrating resilience amid broader market uncertainty. The price action suggests that the current consolidation phase is critical for maintaining bullish momentum [1].

Technical projections indicate that a confirmed breakout above the wedge resistance, particularly around $3.10, could lead to a swift rally toward $3.50 [1]. If institutional demand and market sentiment improve, the price could extend higher to levels between $4.00 and $5.00. The ongoing discussions around an XRP ETF and Ripple’s expanding global presence are seen as potential catalysts for further upward movement [1].

On the downside, a breakdown below the $2.30–$2.25 support zone could invalidate the bullish case, pushing the price toward $2.10 as a potential defense level [1]. However, the current technical environment remains favorable for a bullish resolution, with multiple indicators pointing toward an upward bias.

Historical patterns also lend credibility to the current setup. A similar candlestick configuration in April led to a 65% price increase, raising expectations for a similar move should the present conditions hold [1]. Meanwhile, a long-term falling wedge forming since March 2025 has also reached a pivotal moment, with XRP currently testing its upper boundary [2]. A successful breakout from this structure could serve as a broader catalyst for a sustained upward move [2].

Volume data further underscores the significance of the current price action. XRP recently saw 24-hour trading volume surge to $5.8 billion, indicating increased participation and interest from market players [3]. Analysts note that this kind of volume is often a precursor to a decisive price move [3].

Manuel, a well-known market observer, has also flagged a critical resistance level within a falling broadening wedge [4]. A sustained move above this level could trigger a new wave of bullish momentum, particularly if on-chain metrics continue to show accumulation and reduced selling pressure [4].

Galaxy Digital has highlighted a broadening wedge pattern on the XRP chart, with support continuing to hold around $3.00. This pattern, historically associated with sharp price movements, may indicate that XRP is entering a new phase of price discovery [5].

With multiple bullish technical signals converging, the coming weeks will be crucial in determining whether XRP follows through on its projected breakout. Key levels, particularly the $3.10 upper boundary and the $2.80–$2.95 support zone, will be closely watched by traders and investors for confirmation of the next leg up [6].

The market is currently positioned at a pivotal juncture, with the potential for a significant price move looming. If the breakout holds with strong volume, it could mark the beginning of a new bullish phase for XRP, potentially surpassing previous highs and setting the stage for further gains [6].

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Source:

[1] XRP Falling Wedge Pattern Identified. Analyst Says Big Price Breakout Is Coming https://coinmarketcap.com/community/articles/688d1dbd65ae436726eabfcc/

[2] Huge Moment for XRP: Price At Key Support. Here's What ... https://timestabloid.com/huge-moment-for-xrp-price-at-key-support-heres-what-is-next/

[3] XRP Price Prediction: 24-Hour Trading Volume Surges to ... https://www.coinspeaker.com/xrp-price-prediction-24-hour-trading-volume-surges-5-8-billion/

[4] Manuel - XRP price is testing one of the pivotal resistances ... https://m.facebook.com/manuel.guevarra.369210/photos/xrp-price-is-testing-one-of-the-pivotal-resistances-that-may-elevate-the-rally-a/733469899566221/

[5] XRP Surges 44% In One Month — But Is A Pullback On ... https://www.aol.com/finance/xrp-surges-44-one-month-192503618.html

[6] XRP Breakout Ahead? Technical Outlook Suggests $5 as ... https://coinpedia.org/price-analysis/xrp-breakout-ahead-technical-outlook-suggests-5-as-initial-bullish-target/