XRP Holds Crucial Support as Analysts Eye Breakout in July

Finance

XRP Holds Crucial Support as Analysts Eye Breakout in July

As XRP continues to trade in a tight range, market analysts are zeroing in on technical signals that suggest a decisive move could be near.

One of the most closely watched is a descending wedge pattern, which has kept the asset locked between falling resistance and a well-tested support zone.

According to crypto strategist EGRAG CRYPTO, XRP has consistently bounced between $1.9 and $2.1 — a range thats become a critical buffer against deeper corrections. But while this zone has acted as a floor, he warns that a breakdown below $1.43 could trigger a sharp sell-off.

The bullish scenario, however, begins to unfold if XRP breaks above $2.22, a resistance level that has capped upside momentum in previous attempts. EGRAG views this as the first true sign of reversal within the wedge structure. A further move to $2.35 would serve as stronger confirmation, indicating that momentum is shifting toward buyers with sustained conviction.

Beyond these near-term levels, the macro target sits at $2.65 — a line EGRAG has repeatedly called the “long-term strength zone.” Reclaiming this area could signal the start of a broader trend reversal and set XRP on course for higher-cycle targets.

Currently trading near $2.18, XRP remains tightly compressed in a narrowing technical range. EGRAGs projection points to late July 2025 as a likely inflection point, with a specific peak forecasted around July 21 — a date he believes could mark the high of this market cycle.

The setup remains fragile yet full of potential. If XRP breaks free from the wedge with volume and conviction, technical momentum may finally return to a market thats spent months locked in consolidation.