Key Takeaways
- The XRP price continues to consolidate below the key resistance level of $2.6 as bullish momentum builds.
- XRP gains strong bullish fundamentals, but its price lags as crypto experts remain optimistic.
- Crypto analyst EGRAG hints at a breakout for XRP around July or September of 2025.
XRP, the third-largest cryptocurrency by market cap, has struggled in 2025 since its major price breakout to a historical high of $3.45, as the price has failed to maintain its bullish market trajectory towards $5.
The failure of XRP to protect its price above $3.45, its high, led to a huge market crash from its high towards a key low of $ 1.60. However, the price of XRP demonstrated strength in rebounding from this low towards a high of $ 2.60 after forming key support at $2.
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XRP Trades In Consolidation
Following its key support level of around $2, XRP has struggled to break its major resistance at $2.6, preventing the price from resuming its bullish rally as it has remained in a consolidation phase for months now.
Recent market uncertainties caused by the Israeli-Iranian conflict triggered a bit of panic in the financial market, as Bitcoin’s price collapsed towards $98,500, filling key entry positions for investors and thus leading to a price drop in XRP into its key support zone.
Despite XRP trading around its key support zone, the price has shown strength in projecting bullish price action above $2, giving investors a strong conviction of a potential price rally.
This price consolidation around the zone, with the price holding above $2, has heightened speculation among crypto experts about a potential breakout soon. If the price rallies to the upside of $3 and above, breaking key resistance, it has the potential to hit a double-digit figure.
XRP Price Prediction By EGRAG
Crypto expert and lover of XRP EGRAG has suggested the current price action for XRP is a consolidation for a major price move, with his theory of technical analysis suggesting the price of XRP has the potential to make a major move around July to September of 2025 following a tough price action in Q1 and the start of Q2.
According to EGRAG, historical patterns of XRP rallies are beginning to align once more with a strong breakout from triangle formations, such as symmetrical, ascending, or descending triangles, which typically experience a strong breakout rally following 75% to 95% of the total pattern duration.
He further suggested that using a 75% to 95% duration with the 334 pattern could lead to a clear pattern breakout or formation around the first week of July and mid-September, based on his technical analysis.
While this analysis may be true, the price of XRP must break out of its key resistance above $3 with strong bullish volume to the upside, as many believe a clear path in its pending Ripple and SEC case, along with the addition of its ETF, could see the price resume its bullish price action.