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XRP News Today: Investors On Edge as XRP Nears Critical $3.3 Barrier in Historic W Pattern

XRP News Today: Investors On Edge as XRP Nears Critical $3.3 Barrier in Historic W Pattern

ainvest2025/08/29 11:18
By:Coin World

- XRP forms a long-term W pattern, with analysts predicting a potential $5 surge if it breaks above $3.30. - EGRAG highlights $3.30 as a critical resistance level, with conservative $15 and optimistic $40 price targets. - Mitrade notes XRP's 100-day EMA support at $2.76 and Bitcoin/Ethereum consolidation influencing its recovery trajectory. - Analysts caution volatility risks, advising partial profit-taking at $6-$7 and emphasizing market conditions over speculative targets.

XRP, the native token of the Ripple network, is drawing renewed attention as technical analysts identify a potential double-bottom pattern that could propel the asset toward $5 within the near term. According to EGRAG, a prominent crypto analyst, XRP has maintained above the trendline of a long-term W pattern since its breakout in January 2025, forming a classic technical indicator of a possible bullish reversal. This pattern developed as XRP fell from $3.31 in January 2018 to $0.114 in March 2020, recovered to $1.96 in April 2021, slumped again to $0.287 in June 2022, and then rebounded to $1.95 in November 2024. A decisive breakout occurred when XRP rose to $3.4 in January 2025, after which it entered a consolidation phase until July 2025 [1].

Currently, XRP is trading around $3.01, having retested key support levels in recent weeks. Analysts note that the token is now hovering near a critical resistance level of $3.3. If XRP manages to breach this resistance, it could confirm the continuation of the bullish trend implied by the W pattern. EGRAG emphasized that this level represents a key barrier between XRP and a significant upward move. The analyst’s earlier projections suggest a conservative target of $15 and an optimistic target of $40, though he cautions investors to consider partial profit-taking at lower milestones such as $6 to $7 before the next potential correction [1].

Meanwhile, other market analysts highlight broader crypto market conditions that could influence XRP’s near-term trajectory. Mitrade Insights reports that XRP is holding above $2.78 and appears to be in the early stages of a recovery phase. Technical indicators suggest that the token has found support around its 100-day EMA at $2.76, and the RSI is approaching its neutral level, indicating that bearish momentum may be weakening. A successful breakout to $3.40 could open the door for XRP to extend its upward movement [2]. However, if the token fails to gain traction and falls below key support at $2.72, further downward pressure could ensue.

EGRAG’s analysis also underscores the importance of patience and disciplined trading in a volatile market. While the pattern suggests a strong potential for upward movement, the analyst cautions that market conditions can shift quickly, especially given the broader uncertainty in the crypto space. He advises investors to take profits at earlier targets and avoid becoming overly optimistic about higher price projections without clear technical confirmation. This strategy, he notes, helps mitigate risk during a market that is prone to sharp corrections [1].

The broader market environment, as observed by Mitrade, also influences the outlook for XRP. Bitcoin and Ethereum remain in a state of consolidation, with key support levels for both assets currently holding. If Bitcoin stabilizes above its 100-day EMA and Ethereum continues to find support around $4,488, this could create a more favorable backdrop for altcoins like XRP. In contrast, a significant drop in Bitcoin’s price could drag the broader market lower, potentially dampening XRP’s upward momentum [2].

While the technical setup appears bullish for XRP, it is important to recognize that the market remains highly volatile. Analysts emphasize that the success of XRP’s potential run to $5 or beyond will depend on broader macroeconomic conditions, regulatory developments, and the overall risk appetite of investors. For now, the market is watching closely for confirmation of the breakout above $3.3 as the next critical step in XRP’s potential upward trend [1].

Source:

XRP News Today: Investors On Edge as XRP Nears Critical $3.3 Barrier in Historic W Pattern image 0
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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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