XRP’s tightening consolidation signals the third-largest crypto could be on the verge of a major breakout.
Market analyst Lingrid opined that XRP broke out of a falling wedge but failed to sustain momentum, forming a double top that sparked a correction. Now consolidating in a descending channel, it’s retesting the key $2.80 liquidity zone after a false breakout.
She added, “Holding this area as support is critical for bulls to regain control. If maintained, the structure favors a rebound toward 3.40, aligning with the upper target trendline.”
Source: Lingrid
Similar sentiments were shared by market commentator Anasta that after surging 57% from $2.35 to the recent all-time high (ATH) of $3.65, XRP hit resistance and is now consolidating between the $2.80 support and $3.20 resistance zone.
Anasta acknowledged, “If bulls hold above $2.8, XRP could retest $3.2 and aim for a breakout toward $3.6–$3.8. Failure to defend $2.8 may drag the price back toward $2.66 or lower support.”
At the time of this writing, XRP was trading at $2.84, according to CoinMarketCap data.
For now, XRP remains in accumulation, with the $2.80 zone being key because the next breakout from this range could ignite a major bullish wave.
Meanwhile, XRP price targets from top analysts are turning increasingly bullish, with one projecting a run to $27, signaling renewed confidence in the third-largest cryptocurrency.
