XRP Breaks Out of a Minor Channel to Set the Stage for an Upsurge

XRP has broken out of a key descending channel, a bullish technical signal The move was fueled by the launch of the new EVM-compatible sidechain on the XRPL Analysts are now watching for a push toward a short-term price target of $2.40 Most XRP community members believe the cryptocurrency is pointing to a classic technical breakout that has been further fueled by a major fundamental development. The recent surge also pushed XRP above a key descending channel, a move that one analyst believes is the start of a push toward a short-term price target of $2.40. #XRP – The Break-Out: Th Green Descending Channel is Broken, Now we need the Pink Descending Channel to be broken. Target to close above $2.40 #XRPFamily STAY STEADY and STRONG , Together We Rise and We Shall Fly So High pic.twitter.com/ttVYbItLxK — EGRAG CRYPTO (@egragcrypto) June 30, 2025 The crypto user presented his XRP analysis on X using a section of the XRP/USD daily chart on TradingView. Related: 3 Big Reasons Why XRP Could Surge in July The screenshot he shared consists of two regions comprising a minor and major channel. XRP has broken above the minor channel, signaling a potential ups… The post XRP Breaks Out of a Minor Channel to Set the Stage for an Upsurge appeared first on Coin Edition .

Source: Coin Edition