XRP continues to hold its ground above the key $2.20 support level, drawing attention from traders and analysts who believe the asset could be on the verge of a major breakout.
Recent price action and technical analysis suggest that XRP may be entering a critical phase, setting the stage for a potentially parabolic rally in the coming weeks.
XRP Price Holds Above Key Support Zone
As of July 6, 2025, XRP is trading at approximately $2.25, holding firm above the $2.20 support level that has become pivotal in recent weeks. This price level aligns with the upper boundary of a long-term descending channel, dating back to XRP’s quarterly high of $3.40. Several analysts now believe XRP is nearing a decisive moment as it tests resistance at the top of this channel.
XRP may be gearing up for a Wave 3 breakout, though the corrective move hints Wave 2 could still be forming an ABC pattern. Source: UnbieX on TradingView
According to data from TradingView, the price action is being squeezed into a narrowing range. The Donchian Channel and On-Balance-Volume (OBV), currently around 7.73 billion, reflect strong coiling and accumulation behavior. This tightening structure suggests a breakout could soon follow.
Analyst Forecasts: “Next Leg Up Will Be Parabolic”
One of the more bullish perspectives comes from a well-followed market analyst, Crypto Michael, who previously predicted XRP’s 600% rally in 2024. In his latest analysis, he points to a long-term symmetrical triangle formation on the XRP price chart, stretching from the 2018 peak through to 2025. According to Michael, this multi-year consolidation appears to have concluded, with XRP transitioning into a buildup phase.
XRP’s consolidation appears complete, with a parabolic breakout potentially just around the corner. Source: Crypto Michael via X
“The compression phase has likely ended,” the analyst stated in a recent post. “We’re now entering the stage where XRP is preparing for a violent breakout.”
While Michael did not specify an exact target, his chart implies a bullish trajectory in the months ahead—especially if XRP can maintain momentum above its current support levels. His view adds weight to the growing sentiment that XRP crypto price prediction models could be underestimating its potential upside.
Technical Indicators Hint at Breakout Potential
Multiple indicators support the bullish thesis. The weekly chart shows XRP pressing against the 0.382 Fibonacci retracement level near $2.28. A successful breach of this zone would open the door to higher resistance levels, with short-term targets at $2.71 and $3.00.
XRPUSD has hit a key bearish trendline, with Alligator and AO indicators signaling the start of a potential upward move. Source: PriceActionMatrix on TradingView
Meanwhile, the daily chart highlights a tightening triangle pattern, with support near $2.10 and resistance around $2.30. This coiling setup, paired with strengthening volume and positive momentum indicators, aligns with the possibility of an imminent breakout.
If XRP breaks out of both the triangle and the descending channel, analysts believe it could trigger a rapid upward move, potentially marking the beginning of a new bullish phase for the token.
Long-Term Projections: ATH Levels and Beyond?
Another notable analyst, known as CW, has presented a more ambitious XRP price prediction 2025. Based on multi-cycle analysis, CW suggests XRP is currently mimicking past accumulation phases that led to major bull runs. His chart highlights potential targets at $3.80 (previous ATH), followed by $21.5, and—under extremely bullish conditions—above $80 in what he labels as “Phase 5.”
XRP was trading at around $2.25, up 1.44% in the last 24 hours at press time. Source:XRP Liquid Index (XRPLX) viaBrave New Coin
While such predictions are speculative, they reflect growing confidence in Ripple fundamentals, especially with the XRP lawsuit update and SEC vs Ripple case being finalized. Regulatory clarity has been widely considered a potential tailwind for XRP’s overall adoption and price action.
XRP Prediction: Will XRP Go Up in 2025?
Investor sentiment regarding Ripple XRP has also shifted markedly in recent months. The Ripple SEC lawsuit outcome, increased institutional interest, and possible news of an XRP ETF are all driving bullish expectations. These factors, combined with favorable technical structures, have underpinned the XRP coin price forecast in the short term and long term.
However, caution is still necessary. Unable to hold above the $2.20–$2.10 support zone, we can see XRP testing lower levels in the big triangle pattern. But for as long as buyers continue to defend these zones, the XRP prediction 2025 is strongly biased to the upside.
