- XRP is in a falling wedge pattern with key resistance at $2.75 for a potential breakout
- A move above $2.75 could push XRP to $4.21 and possibly as high as $4.95
- The breakout could mark the start of a strong bullish rally for XRP in 2025
The XRP coin is consolidating in a significant phase wherein a textbook-looking falling wedge has come into play on the charts. Per the analysis by Rose (@VipRose_ on Twitter), XRP’s price action within this pattern hints at a bullish breakout. As of February 24, 2025, XRP is presently trading around $2.519, and the token’s price would witness huge movement once a breach into the defining resistance zone occurs. An upside surge beyond the $2.60-$2.75 range might increase XRP, with targets at $4.2130 and $4.9515.
Falling Wedge Pattern Suggests Impending Breakout
The chart shows XRP consolidating in a falling wedge, a pattern that typically precedes upward price action when the breakout occurs. As the price moves within this narrowing range, market sentiment seems to be building for a breakout. Falling wedges occur during a downtrend and often lead to bullish reversals. XRP has already tested support multiple times near the $2.50–$2.60 region, reinforcing the possibility of a strong push to the upside once the breakout happens.
The 0.618 Fibonacci retracement level is a significant area of support that contributes to the likelihood of an upward move. This level has previously served as a rebound area and is being monitored by traders for a potential breakout.
Key Breakout Zone Could Ignite XRP Surge
Rose emphasizes that the breakout zone lies between $2.60 and $2.75. A move above this range would clear the immediate resistance levels and could send XRP to higher targets. The first target of $4.2130 is aligned with previous resistance zones, while a more ambitious target of $4.9515 is expected should the breakout gain significant momentum. The chart’s structure, with lower highs and higher lows, suggests that the upward breakout is more likely than a continued downtrend.
Market Awaits Massive XRP Move Following Breakout
Market participants eagerly wait for a major move because XRP remains ensconced within wedge patterns tightly compressed. The breakout potential indicates about a 60%-to-100% price rise once XRP clears the breakout zone, thus keeping traders at the edge. According to Rose’s analysis, the breakout may take XRP to new highs into the stratosphere, in addition to registering the token back to previous highs. The next couple of days will also crucially determine the near-term direction of the most imminent heavy move for XRP as it comes closer to the $2.60–$2.75 key area price price level.
