XRP Coiling for Violent Breakout with $5.30 Upside: Expert
Crypto researcher Ripple Van Winkle identifies a classic symmetrical triangle forming on XRP’s price chart, signaling a rapid and sharp breakout once the consolidation ends. Currently trading around $2.12, XRP has been compressing into higher lows and lower highs. Analysts point to a near-term resistance zone at $2.35–$2.40, with potential extensions to $2.60 and $3.00 on a confirmed surge. Van Winkle’s macro projections see a full-pattern target near $5.30.
On-chain data shows increasing accumulation by large holders, reflecting strong conviction ahead of a breakout. Speculation around future XRP ETF inclusion has further boosted market optimism. Traders should watch for a volume spike and decisive break above resistance as confirmation.
Van Winkle emphasizes timing and market psychology: early positioning is crucial, as headlines and late entries often miss the optimal move. Given the technical setup, whale accumulation, and ETF tailwinds, the probability tilts bullish. If XRP “springs” upward, the move could be swift and unforgiving for latecomers.
Bullish
The technical formation of a symmetrical triangle on XRP’s chart, combined with tightening price action (higher lows and lower highs), points to an imminent breakout. Historical precedents show that such patterns, when occurring alongside increasing volume and large-holder accumulation, often result in strong upward moves. Whale behavior signals high conviction, while ETF inclusion speculation adds a fundamental catalyst. In the short term, traders should watch for a volume surge and break above the $2.35–$2.40 zone. Long-term prospects hinge on macro momentum—if XRP exceeds pattern height, it could target $5.30, reinforcing bullish sentiment. Similar setups in other altcoins have delivered rapid rallies once key levels were breached.