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Expert Says Don’t Sleep on XRP. Here’s Why

A respected market commentator has advised traders to keep a close watch on XRP as the year draws to a close, highlighting a potential breakout setup that could trigger significant gains.

XRP has recently shown renewed strength after a period of weakness. The token closed at $2.96 on September 7, marking its highest daily close in two weeks and renewing optimism among traders. Analysts argue that the move positions XRP near a critical level that could decide its trajectory for the remainder of the year.

One of the strongest voices in this discussion is Heisenberg, a well-followed analyst who believes XRP’s price structure mirrors past setups that preceded major advances. According to him, the current technical formation could set the stage for XRP to reach

Reviewing Past Breakouts

Historical data shows that XRP has followed a recurring pattern over the past year. For much of 2024, the asset remained below the $1 level in a prolonged consolidation phase. That changed in November following the U.S. elections, when XRP climbed sharply to reach $2.9 in early December.

Subsequent price action created a descending trendline that capped movement through late December and early January. A breakout above this resistance fueled another advance, sending XRP to $3.4 by mid-January 2025.

The pattern repeated in the first quarter of 2025. After another controlled decline, XRP broke higher again, culminating in its strongest rally of the cycle in late June. That run peaked above $3.6 in July before momentum cooled, as technical indicators signaled overbought conditions.

Current Setup

Since the July peak, XRP has trended lower within another descending channel. The September 7 close at $2.96 places the asset directly below the upper boundary of this structure. Importantly, the Relative Strength Index (RSI) has reset to 48.86, leaving space for renewed momentum.

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Analysts note that a move above $3.05 to $3.20 could confirm a breakout, with potential upside targets ranging between $3.8 and $4.2 in the near term. If buying pressure builds in a manner consistent with prior rallies, Heisenberg argues that XRP could extend toward $10 before the end of the year.

Broader Market Views

Other analysts share similar perspectives. Gordon, a veteran trader, observed that XRP has been consolidating in a tight range for months, which he believes is a prelude to a rapid move toward $6. Meanwhile, Hov has identified two possible paths: either XRP begins a strong third-wave advance in its broader trend, or it remains in a corrective phase, forming a running flat or triangle. He expects a resolution soon.

Additionally, CryptoInsightUK has drawn attention to XRP’s performance relative to gold. He pointed to the token’s resilience in holding previous range highs as support, alongside a bullish RSI cross on the daily chart, which he interprets as further evidence of underlying strength.

Taken together, the analyses suggest that XRP is approaching a decisive stage. While downside risks remain if support fails, the repeated pattern of breakouts following descending trendlines has encouraged market watchers to expect another significant rally before the year concludes.

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 BitcoinLinux’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. BitcoinLinux is not responsible for any financial losses.

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The post Expert Says Don’t Sleep on XRP. Here’s Why appeared first on BitcoinLinux.

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Author: NixCoin

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