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Trading King

07/11 05:45

Analyst Says July-August Will be Explosive for XRP

Analyst Says July-August Will be Explosive for XRP, Shares New Targets to Watch Out For

  • Analyst forecasts major XRP surge between July and August 2025.
  • Key resistance targets identified at $2.73 and $2.90 levels.
  • Breakout above triangle pattern signals potential move toward double digits.
XRP is showing renewed signs of strength as price action breaks above key trendlines, positioning the asset for a potentially significant move. A prominent analyst, XRPunkie  has stated that July and August could bring explosive growth for XRP, with new price targets now coming into focus.

According to the shared analysis, XRP has reclaimed the $2.40 level and is gaining traction after breaking out of a symmetrical triangle formation. Aided by a forceful advance over the 21-day exponential moving average (EMA) and the 33-day simple moving average (SMA), this advancement represents a considerable indication of a trend change.

Market players have closely tracked the $2.70 to $2.90 zone, which has been indicated as the main resistance zone.

Positioned within the highlighted resistance region, the Fibonacci retracement levels appear at 0.702 ($2.73066) and 0.786 ($2.90714) on the chart. This is a reversal pattern, and a clean break above this level would open the floodgates to more aggressive bullish levels.

Also Read: Ripple 1752155465620.png


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