Analyst Says XRP Is Preparing For Another Breakout. Here’s Bullish Indicator

JackTheRippler (@RippleXrpie), a well-known crypto analyst on X, has presented a new technical chart highlighting what he describes as a critical moment for XRP. In the chart, XRP appears to be approaching the apex of a symmetrical triangle pattern, typically associated with an impending breakout. The chart covers price action from late 2024 to April 2025 and shows XRP consolidating between converging trendlines. #XRP IS PREPARING FOR ANOTHER BREAKOUT! 🚀📈 pic.twitter.com/2nN1oFzOgm — JackTheRippler ©️ (@RippleXrpie) April 20, 2025 The pattern is formed by a series of lower highs and higher lows, creating pressure within narrowing support and resistance levels. JackTheRippler’s chart places the upper resistance line descending from the asset’s January 2025 highs at $3.39, while the ascending support line begins around $1.3, in the middle of the asset’s breakout in November 2024. XRP’s Journey So Far After years of consolidating around $0.55, XRP experienced a major breakout in November. The asset began climbing shortly after former SEC Chair Gary Gensler announced his resignation date . The asset closed above $1 for the first time since October 2021 and continued its climb in the following months. The asset broke above its 2021 peak of $1.96 in December and finally hit the multi-year high of $3.39 in January. It also closed the month above $3, after staying above this level for 16 consecutive days —the longest in the digital asset’s history. Following this remarkable run, XRP entered a corrective phase and has yet to fully recover. At the time of JackTheRippler’s analysis, the asset traded at $2.05, and it has struggled to breach the $3 level since it lost it in early February. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Despite the prolonged bearish phase, JackTheRippler’s analysis shows a reversal is coming. The consolidation within this symmetrical triangle also explains why the asset did not experience significant gains from huge developments like the SEC’s decision to withdraw its appeal against Ripple . The asset seems to be building toward a much larger breakout, and the chart shows it could hit the apex of this triangle in June. Volume and Market Behavior Align with Breakout Conditions Volume trends visible on the chart support the possibility of a breakout scenario. A consistent reduction in volume over the past few months aligns with standard expectations for a symmetrical triangle setup, where declining activity indicates a buildup before a strong move. The latest daily candle on the chart showed that the volume had dropped to approximately 1.81 million, well below the highs observed during the rally in late 2024. An increase in volume, combined with a sustained move above the descending resistance line, could lead to a retest of prior highs, and investors will be watching for the asset’s next moves. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Analyst Says XRP Is Preparing For Another Breakout. Here’s Bullish Indicator appeared first on Times Tabloid .

Source: TimesTabloid