XRP is exhibiting a classic breakout pattern reminiscent of its 2017 surge, with critical support levels signaling potential for a significant rally.
Market analysts emphasize the importance of the $2.25 support flip, which could ignite upward momentum toward key resistance targets near $2.80 and beyond.
According to COINOTAG sources, a decisive close above $2.42 would confirm bullish momentum, setting the stage for long-term price objectives as high as $37.5.
XRP’s repeating 2017 breakout pattern and key support at $2.25 could trigger a rally toward $2.80, with analysts eyeing a bullish close above $2.42.
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XRP’s price action in 2025 is mirroring the symmetrical triangle pattern observed in 2017, where six monthly candles formed a tightening range between $1.70 and $2.50. This consolidation phase is critical, as the narrowing trendlines indicate a buildup of buying pressure. The current support level at $2.25 is pivotal; maintaining this level could validate the pattern and signal a breakout above the $2.50 resistance zone. Such a move would align with historical precedents where XRP experienced substantial gains following similar formations.
Technical analysts, including CasiTrades, highlight the significance of the 0.382 Fibonacci retracement level, which coincides with the triangle’s apex and the $2.25 support. This convergence strengthens the case for a bullish breakout. Additionally, XRP’s weekly price stability above $2.20 and a modest weekly gain of 0.94% reflect growing market confidence. On-chain metrics reinforce this outlook, with XRP’s market capitalization at $131.13 billion and daily trading volumes around $1.63 billion, indicating sustained investor interest and liquidity.
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Source: https://en.coinotag.com/xrp-shows-potential-for-rally-if-2-25-support-holds-analysts-eye-breakout-above-2-50/