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- XRP forms a monthly rounding bottom, signaling a potential long-term bullish breakout.
- Price targets range from $7 to $8, implying 149–184% growth from current levels.
- Breakout confirmation above $2.8 and 200-day moving average strengthens the bullish case.
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Crypto analyst CryptoBull (@CryptoBull2020) recently highlighted a potential upside for XRP, pointing to a technical formation that traders often view as a precursor to significant price gains. The chart shows a rounding bottom pattern forming on XRP’s monthly timeframe, indicating the digital asset may be poised for a major rally.
Understanding the Rounding Bottom Formation
The rounding bottom pattern develops when an asset gradually declines, consolidates at a low, and then rises to retest prior resistance levels. For XRP, this pattern emerged after a steep rally of over 500% between November 2024 and January 2025, followed by a decline below the $3 support level.
After bottoming in April, XRP slowly regained momentum, hitting an all-time high of $3.65 in July. While August saw another dip, the price remained above a key resistance point, keeping the rounding bottom pattern intact and hinting at further upside potential.
XRP Price Targets and Potential Gains
CryptoBull’s analysis sets XRP’s next target range between $7 and $8, signaling potential gains of 149% to 184% from the current trading price of around $2.77. The breakout point is near $2.8, the neckline of the rounding bottom. A sustained move above this level would confirm the bullish pattern and could trigger a long-term upward trend.
Technical reasoning relies on the measured move concept, projecting that the breakout’s upside potential aligns with the depth of the rounded curve. Adding to the bullish outlook, XRP remains above its 200-day moving average, which has begun to slope upward, reflecting the asset’s underlying strength.
What Traders Should Watch
Traders looking at XRP should monitor price action around the $2.8 neckline. A confirmed breakout could lead to a surge toward CryptoBull’s projected targets. Additionally, long-term investors may find confidence in the alignment of technical indicators, including the rounding bottom pattern and upward-moving average, signaling broader market support.
Also Read: XRP Price Crash or Setup? Analyst Predicts $27 Rally After Brutal 6-Day Losing Streak
XRP’s monthly chart shows early signs of a long-term bullish breakout. With technical formations pointing to potential gains exceeding 180%, both traders and investors are closely watching whether the digital asset can sustain momentum above key resistance levels.
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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 a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
