XRP Price Squeeze Nears Breaking Point as Analysts Predict Explosive Move

XRP’s price action has entered a critical phase, with analysts closely watching a tightening pattern that has left little room for sideways movement. According to crypto analyst Dark Defender, XRP is now at the edge of a decisive breakout as it continues to trade within a compressed range.

The monthly chart shared by the analyst shows XRP caught between two converging trendlines. Resistance Trendline, outlined in orange, has ensured that the prices have a hard time gaining a foothold ever since January.

Meanwhile, the good blue support line has always buffered the asset since the end of 2024 lows. Both the lines are now converging rapidly, and what the analyst termed an Explosive Trigger has been created.

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At the moment, XRP is trading around 2.17 dollars but above the support line and under a heavy level of resistance. The gap here is rapidly narrowing, and the price action of XRP can move in a narrow range, and a breakout or a breakdown can be possible in the forthcoming weeks.

Another market guru showed agreement with the comment, alluding that the asset is already done with consolidation. This feeling is in line with the readings of a technical indicator that shows the loss of volatility and squeezed trading activity, two factors that usually anticipate significant price changes.

Chart Patterns Signal Imminent Directional Shift

The formation highlighted on the chart has developed over several months, with XRP’s price action steadily tightening inside the wedge. Traders are watching closely for a move beyond the orange resistance, which could open the door to fresh highs. Should the price fall below the support, downside targets include the 161.8% Fibonacci extension around $1.88.

Nevertheless, the bullish scenario is still in analysts’ minds, and it means that the structure of XRP, which has been formed for several months, is going to breakout to the upside. Some forecasts indicate a mid-to-late July time frame for the move, and one of those forecasts that has gained much attention is July 21 as a possible cycle top.

According to market observers, the upcoming few candles would be worth watching because the current positioning does not allow much scope for compression. Along with converging trendlines, the direction of XRP seems to be on its way to a final solution.

With the squeeze nearing its final stage, XRP is positioned for a significant price shift. Analysts agree the asset is out of space within its current pattern, making an explosive move increasingly likely in the short term.

Also Read: XRP Set for Explosive Breakout as Analysts Predict Massive 2025 Surge

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