- XRP is showing conflicting technical signals, with some analysts predicting a breakout to $3.35 based on bullish patterns.
- However, historical trends suggest descending triangles often lead to breakdowns, potentially pushing XRP down to $1.
Crypto traders are divided over XRP’s future, with some forecasting a major rally and others warning of a steep decline. While bullish voices see familiar breakout patterns, technical analysts caution that these same setups often lead to losses in today’s volatile market.
Bullish Analysts Spot Promising Chart Patterns
Crypto traders Mikybull Crypto and Gordon have both identified what they believe could be bullish technical formations on XRP’s charts. Mikybull describes XRP’s as “coiling up for a bigger move,” citing a descending triangle pattern.
Gordon, on the other hand, sees a falling wedge — typically a bullish reversal signal — and insists XRP is “looking primed to SEND.”
If their analysis proves correct, XRP could soon break out above the triangle’s upper trendline, with potential to rally as high as $3.35 — an increase of nearly 50% from its current levels.
Historical Patterns Suggest Bearish Outcome
Despite the optimism, historical data paints a more cautious picture. Researcher Thomas Bulkowski notes that descending triangles, especially those that follow uptrends, result in bearish breakdowns around 54% of the time. In the crypto market, that number could be even higher due to amplified volatility, with some studies estimating the breakdown rate between 60%–70%.
A key issue lies in mistaking descending triangles for falling wedges. While both slope downward, descending triangles typically feature a flat support base — a sign that selling pressure is increasing.
This is evident in XRP’s chart, where the support zone around $1.80–$2.00 has been tested repeatedly with minimal rebound.
XRP Faces a Make-or-Break Moment
If XRP fails to hold above this critical support level, a drop toward $1 becomes a real possibility. That target aligns with XRP’s realized price — the average purchase price across all holders — adding weight to the bearish case.
While analysts don’t rule out a strong XRP’s rally in 2025, the road ahead remains uncertain. Traders should watch for a confirmed breakout or breakdown before placing bets, as the current formation could go either way.
ALSO READ:XRP Still Bullish Despite Sharp Rejection at $2.30
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