The cryptocurrency XRP, despite currently experiencing a corrective trading phase, is poised for a significant upward movement, according to recent technical analysis. Experts suggest the current pullback is a calculated market reset, aligning with broader patterns that could dictate XRP’s next major price trajectory. Notably, the deeper the correction, the more explosive the subsequent breakout is expected to be.
Echoes of Past Performance: The July 2025 Breakout
Crypto analyst JD, through a detailed technical review, highlights that XRP's price behavior has consistently followed a predetermined path, traceable back to early 2025. During the first half of that year, XRP navigated within a "falling wedge" pattern on the 3D candlestick chart—a formation typically preceding an upside breakout. This pattern materialized with precision in July 2025, as XRP successfully breached the wedge and hit its projected measured target. This completion subsequently ushered in the current corrective period, bringing the latest technical structures into sharp focus.
Navigating the Current Correction and Future Outlook
The current three-day chart reveals a "descending broadening wedge," which provides a clear outline for the conclusion of this corrective phase. There remains a possibility that XRP's price could dip as low as $1.5 before finding a rebound point at the wedge's lower trendline. Should this scenario unfold and selling pressure diminish as anticipated, a strong bullish reversal is predicted, mirroring XRP's reaction to the 2025 falling wedge completion. However, an immediate rebound before reaching $1.5 cannot be ruled out. A pivotal move for XRP would be a decisive close above the $2.3 mark, which would cement a breakout above the descending wedge and potentially propel the cryptocurrency towards new highs of up to $4, as projected by analyst JD. Concurrently, on-chain data from Glassnode indicates a cautious near-term outlook, showing XRP re-entering a cost-basis structure reminiscent of February 2022, suggesting potential for continued sell pressure.
