Crypto analyst STEPH IS CRYPTO shares insights on the potential breakout of XRP, highlighting a key chart pattern.
Symmetrical Triangle: A Pre-Breakout Pattern
Symmetrical triangles are classic continuation patterns in technical analysis. They form when price action tightens between converging trendlines, typically signaling a period of indecision before a breakout in the direction of the prevailing trend. For XRP, that trend has been bullish since late 2024.
STEPH IS CRYPTO highlights two such patterns on the XRP chart. The first, seen around Q3–Q4 2024, ended with a massive rally that took XRP from below $0.50 to over $2.00 within weeks. The current pattern, forming between March and June 2025, shows striking similarities in both structure and sentiment.
Market Conditions and Broader Momentum
Beyond technicals, XRP's potential breakout is supported by improving macro and crypto market conditions. Regulatory clarity is slowly emerging in the United States and globally, providing a more stable framework for institutions to enter the space. As this shift unfolds, confidence in digital assets is rising.
XRP, in particular, is regaining the attention of investors who see it as undervalued compared to other top-tier cryptocurrencies. Its recent price resilience and well-defined chart structure make it an attractive candidate for a breakout trade.
Technicals Match Sentiment
On the 4-day Binance chart, XRP is visibly coiled within a tightening triangle, signaling low volatility and increasing pressure. The price currently hovers between $1.60 and $2.20. If the breakout mimics the previous pattern, XRP could target $3 in the short term, with some analysts projecting $5 to $6 under optimal conditions.
Historically, XRP has shown a tendency to surge rapidly once it breaks out of compression zones. Volume and momentum are the final pieces needed to trigger such a move. Traders are watching closely as the pattern nears its apex.
STEPH IS CRYPTO's analysis points to a familiar and highly reliable pattern, supported by broader market improvements and growing investor interest, suggesting XRP may soon break free from its current range.
