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XRP To Rise Higher? Key Harmonic Pattern Signals Potential Upside Move

XRP To Rise Higher? Key Harmonic Pattern Signals Potential Upside Move

BitgetBitget2025/07/05 17:40
By:Bitget

Date: Fri, July 04, 2025 | 11:58 AM GMT

The cryptocurrency market has kicked off Q3 with strong upside momentum, carrying forward the bullish energy from Q2. Ethereum (ETH) has already posted a solid 4% weekly gain and is currently trading around the $2,550 level — reigniting positive sentiment across major altcoins .

Following this, XRP has also returned to the green zone with a 7% jump over the past week. But what’s even more intriguing is the appearance of a well-known harmonic structure on its chart, signaling a possible continuation to the upside.

XRP To Rise Higher? Key Harmonic Pattern Signals Potential Upside Move image 0 Source: Coinmarketcap

Harmonic Pattern Hints at Major Upside

A closer look at XRP’s daily chart reveals the development of a Bullish Butterfly harmonic pattern — a well-respected formation in technical analysis that identifies potential reversal or continuation zones when its CD leg nears completion.

XRP To Rise Higher? Key Harmonic Pattern Signals Potential Upside Move image 1 XRP Daily Chart/Coinsprobe (Source: Tradingview)

The pattern began from point X around $3.39 on January 16. XRP then moved sharply down to point A, followed by a bounce to point B, and another pullback to point C near $2.25 on June 22. Since then, the price has been steadily recovering and is now trading near $2.24. Importantly, it is approaching the 200-day moving average, currently sitting around $2.36 — a level that could act as a short-term resistance and key confirmation zone.

What’s Next for XRP?

If the Butterfly pattern continues to unfold and XRP manages to break above the 200-day MA with strong volume, it could pave the way for a much larger rally. The next key price targets lie within the Potential Reversal Zone (PRZ), which spans between $3.88 — the 1.272 Fibonacci extension — and $4.50, which corresponds to the 1.618 Fib extension. These are the traditional levels where a Butterfly pattern tends to complete, and a reversal or pullback may follow.

That said, traders should remain cautious until XRP confirms a breakout above the 200-day MA. Failure to do so could keep the token trapped in its current range and delay the bullish breakout.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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