XRP is once again in the spotlight following a bullish technical development highlighted by prominent crypto analyst XRP2020. According to a recent post on X, XRP has officially broken out of a falling wedge pattern, a well-known signal that often precedes explosive price movements. With XRP currently trading at $2.18, market watchers are turning their attention to this technical breakout and what it could mean for the token’s near-term trajectory. Falling Wedge Breakout Signals Reversal A falling wedge is a bullish chart pattern that forms when the price makes lower highs and lower lows within converging trendlines. The pattern reflects a period of consolidation and weakening selling pressure, which typically results in an upward breakout. XRP2020’s chart indicates that the asset has breached the upper boundary of the wedge, a technical confirmation that suggests the downtrend is over and a new bullish phase may be starting. $XRP IS ABOUT TO EXPLODE pic.twitter.com/IDXY5SLKGE — XRP2020 (@2020XRP) June 29, 2025 This development is especially significant considering the prolonged correction XRP experienced after its previous highs. The breakout, if sustained, positions XRP for a powerful rally, with analysts projecting strong upside potential. Analysts Align Behind Bullish Scenario XRP2020 is not alone in sounding the alarm on XRP’s bullish setup. Other well-followed analysts, including XRPunkie and EGRAG Crypto, have echoed similar sentiments . XRPunkie pointed to a hidden bullish divergence forming alongside the breakout, stating that XRP is “overall bullish soon.” EGRAG added that the wedge has reached its apex, warning that the window for a breakout is closing quickly, and XRP is now poised for a decisive move. Francis Hunt, popularly known as “The Market Sniper,” believes that the $2.00 level offers strong support and expects XRP to bounce higher. Meanwhile, analyst Quantum Ascent suggests a minor dip to $2.13 may occur to complete the corrective structure before XRP shoots upward. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Targets and Price Outlook Technical projections vary, but several analysts see XRP climbing significantly if momentum continues. A confirmed breakout could send XRP soaring by 70%, potentially reaching $3.50 to $4.00 in the coming weeks. The Currency Analytics places the next major resistance near $2.40. A breakout above that level could open the door to $3 by September, especially if Ripple’s regulatory clarity improves. Still, traders are urged to remain cautious. Failure to hold key support zones, particularly around $2.00 or the lower trendline near $1.47, could invalidate the bullish outlook and drag prices lower. Regulatory Narrative Adds Fuel XRP’s technical setup is not the only driver behind the bullish sentiment. Ripple’s ongoing legal interactions with the U.S. SEC have shown signs of nearing resolution. Recent developments, including Ripple’s decision to drop its counter-appeal and the expected withdrawal of the SEC’s appeal , have added clarity and stability to XRP’s regulatory landscape. Such progress could pave the way for greater institutional adoption and upward price momentum. XRP’s breakout from the falling wedge pattern, as spotted by analyst XRP2020, is being hailed as a powerful bullish signal. With several respected analysts aligning behind the same view and supportive regulatory tailwinds in play, XRP appears poised for a significant move. At $2.18, the token is trading just below the key breakout zone. If it clears resistance around $2.30–$2.40, a rally toward $3 and beyond may not just be possible, it may be imminent. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Analyst Says XRP Is About to Explode after Spotting This Bullish Signal appeared first on Times Tabloid .
