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- XRP forms symmetrical triangle, signaling potential short-term breakout.
- Analysts see $20 long-term cycle target despite recent pullback.
- Key resistance at $3.66–$4 could lead to 34% gains if breached.
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XRP, the popular altcoin, saw its price dip 22% from a multi-year high of $3.66 on July 18 to $2.72, before recovering to around $3. Despite this pullback, analysts remain optimistic about XRP’s long-term trajectory, suggesting the recent consolidation could pave the way for a major bullish move.
Macro Outlook Remains Bullish
According to analyst XForceGlobal, XRP’s price action is forming a symmetrical triangle on the daily chart, signaling preparation for a bullish impulse. The pseudonymous analyst highlighted that $20 remains the primary cycle target for XRP. Even with resistance near the psychological $4 level, the overall macro outlook remains strongly bullish.
$XRP
— XForceGlobal (@XForceGlobal) August 28, 2025
This is one of the more important macro updates for $XRP.
Macro is still immensely bullish.
In this in-depth 10-minute video, I break everything down as clearly as possible from an objective perspective, blending market psychology + Elliott Wave Theory. pic.twitter.com/E1et2cccIP
Two potential scenarios are on the table: a classic pullback and distribution phase before a breakout, or an extended distribution completing Wave 1 and Wave 2, leading to a massive Wave 3 upward. In both cases, the likelihood of a significant downside move appears low, with targets ranging from $19 to $30 in the longer term.
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Symmetrical Triangle Signals Short-Term Breakout
Daily chart data from Cointelegraph Markets Pro and TradingView shows XRP trading within a symmetrical triangle. A confirmed daily close above $3 could trigger a bull breakout, with the next major hurdle being the previous eight-year high of $3.66. If bulls succeed, the measured triangle target is around $4—a 34% gain from current levels.
Also Read: From $3 to $1,000: Can XRP Really Reach Four Figures?
Veteran trader Matthew Dixon also supports this interpretation, noting that the triangle reflects a distribution phase before a larger Wave 5 surge toward $4. Other technical analyses suggest even higher short-term targets between $4.40 and $6, hinting at significant upside potential for XRP holders.
That Triangle interpretation does make sense when you look at the BIG picture for #XRP
— Matthew Dixon – Veteran Financial Trader (@mdtrade) August 26, 2025
That proposed Triangle nis in wave 4 position (not overlapping wave 1)
Meaning choppy price action before the impulse higher pic.twitter.com/RusrNggV97
While XRP’s recent pullback may have sparked concern among investors, technical patterns and analyst insights point to a continuation of the bullish trend. The cryptocurrency appears poised for a breakout, potentially offering substantial gains for traders watching the $3–$4 range.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
