XRP is showing strong signs of a potential breakout as analysts point to bullish chart formations and steady support levels suggesting a move toward $5.
Key Takeaways
- 1XRP is trading at $2.90, consolidating within a long-standing ascending channel
- 2Analysts say holding above $2.50 support keeps the bullish trend intact
- 3Key resistance zones between $3.30 and $3.50 could trigger a breakout
- 4A breakout could push XRP toward the $5 level, based on technical projections
What Happened?
XRP has been quietly gaining momentum as traders and analysts highlight its strong ascending price channel, increasing trading volume, and key support levels. Market watchers believe a breakout past critical resistance could send the token toward the $5 mark.
XRP Chart Patterns Point to Major Breakout
XRP’s current trading price of $2.90, down 1% in the past 24 hours, places it just below a major resistance zone. Analysts believe the cryptocurrency is nearing a pivotal moment as it continues to trade within an ascending channel that has held since late 2024. This channel is characterized by higher highs and higher lows, a classic signal of bullish market behavior.
- XRP recently rebounded from a dip to $2.82, backed by trading volume surging over 155 million, nearly three times the daily average
- The $2.50 to $2.60 region is seen as a key support zone, repeatedly defended over the past year
- Resistance between $3.30 and $3.50 remains the key barrier to a larger move upward
Analysts Back $5 Price Target
Prominent analyst JackTheRippler stated on X that XRP is “preparing for the next pump,” projecting a breakout above the current resistance channel toward the $5 level. This forecast is not just based on sentiment, but on a measured move projection, a technique that uses the width of the trading channel to estimate potential upside after a breakout.
🚨#XRP IS PREPARING FOR THE NEXT PUMP!
— JackTheRippler ©️ (@RippleXrpie) August 20, 2025
💥$5+ IMMINENT💥 pic.twitter.com/wJrsI6XICS
- If XRP clears the $3.50 mark with volume support, the rally could extend up to $5
- The ascending channel structure has proven reliable, with support and resistance levels tested multiple times
- Failure to hold $2.50 would invalidate this bullish pattern
Momentum Indicators Add Confidence
Traders are also watching key technical indicators that align with the bullish outlook:
- The nine-stage cycle indicator recently flashed a signal that historically precedes strong rallies
- Whale activity has been noted near $2.96 to $3.00, suggesting large players are positioning around these levels
- Volume surges and strong support defenses are tilting short-term momentum in favor of buyers
A successful breach of the $3.65 resistance level could unlock a new phase of price discovery, with models suggesting possible targets as high as $6.40 to $27.50 under more optimistic conditions.
CoinLaw’s Takeaway
In my experience, when a chart looks this clean and a technical channel holds this long, it’s rarely a coincidence. XRP’s steady grind upward, despite market volatility, shows serious strength. I found JackTheRippler’s $5 call compelling, not because it sounds flashy, but because it’s rooted in math and pattern history, not hype. As long as XRP stays above $2.50 and takes out $3.50 with conviction, this rally has legs.
