XRP Stuck in Range with possible Breakout or Breakdown Looms Ahead

XRP is trapped in a narrow range, with rising volume and rare bullish signals hinting at a potential breakout, setting the stage for a decisive move soon.

Zagham Abbas
May 30, 2025
4:45 am

Zagham Abbas

Zagham is a renowned crypto journalist known for his insightful analysis and in-depth reporting on the cryptocurrency industry.

XRP remains stuck in a tight range between $1.85 and $3.40, with a possible breakout or breakdown looming soon.
Trading volume surged 26% despite a slight price decline; XRP futures open interest dropped over 2%, signaling cautious investor sentiment.
Analyst EGRAG CRYPTO highlights a rare bullish yearly pattern pointing to a potential 800% rally, targeting up to $17 if resistance at $3.40 is broken.

XRP has remained stuck in a narrow trading range, sparking growing unease among investors. Over the past few weeks, Ripple’s native token has hovered near the $2.30 mark, reflecting a prolonged phase of stagnation that threatens to derail the current bullish narrative.

As of today, the token recorded a slight daily decline of 0.5%, changing hands at $2.28, with intraday lows dipping to $2.23. While the coin’s price struggles to gain momentum, trading volume surged by 26% to $2.6 billion, indicating increased interest, albeit not enough to trigger a breakout. On the weekly scale, XRP is down over 5%, with its monthly chart showing a nearly flat performance. Meanwhile, XRP Futures Open Interest has slipped over 2%, signaling a fading appetite for leveraged bullish positions.

Amid this market lull, widely followed crypto analyst EGRAG CRYPTO has stepped in to offer a long-term perspective that could reshape sentiment. In a recent post on X (formerly Twitter), the analyst revealed what he calls a “rare and powerful bullish signal” visible on XRP’s yearly chart.

XRP Bullish Pattern Points to 800% Rally

EGRAG CRYPTO drew attention to a sequence of yearly candlesticks, highlighting “Candle 12” as the “strongest Bullish Engulfing pattern” observed to date. According to him, this pattern began forming as early as “Candle 5” and continued through “Candle 11,” illustrating a clear long-term uptrend in higher timeframes.

“These bullish formations show a consistent close above previous candle bodies, something only a few understand in its full significance,” the analyst noted, stressing the rarity of such patterns on a yearly chart.

Most notably, he spotlighted the potential implications of “Candle 13,” likening its setup to the 800% surge XRP experienced during the 2021 bull run. Applying that same percentage gain to current levels could see XRP rally to as high as $17 this cycle.

EGRAG identified a critical trading range between $1.85 and $3.40 as “noise,” a consolidation zone that doesn’t offer decisive signals. The real test, according to him, lies in whether XRP can hold its ground above $1.85 and break decisively past $3.40.

“If XRP breaks below $1.85, we may be looking at the end of this bull run,” EGRAG warned. “But if it pushes through $3.40, we could be on the verge of seeing double-digit prices, potentially between $13 and $22 in this cycle.”

The analyst urged caution, however, stressing that investors should not underestimate the market’s volatility. While the long-term setup looks favorable, near-term price action remains fragile.

XRP Holds Steady as Institutions Bet on Breakout

Interestingly, the token’s sluggish price comes amid a backdrop of encouraging institutional developments. The U.S. Securities and Exchange Commission (SEC) has initiated a formal review of WisdomTree’s XRP ETF application, a move that many see as a strong vote of confidence in the asset’s regulatory path forward.

Adding to the bullish backdrop, Nasdaq-listed VivoPower announced plans to raise $121 million to develop an XRP-based reserve strategy, yet another indicator of growing institutional interest.

Despite these developments, XRP has failed to break out of its range-bound movement. It has led traders and analysts to zoom in on the technicals, particularly the $1.85 support level, which could determine the asset’s fate in the coming weeks.

While the price remains stuck in neutral, technical signals and long-term charts suggest that a breakout may still be brewing beneath the surface. Analyst EGRAG CRYPTO’s projections offer a bullish roadmap, but only if the asset holds above critical support and clears resistance with conviction.

Until then, investors are urged to remain vigilant. With high-profile institutional news building momentum and technical patterns hinting at a major move, XRP may yet surprise, provided it survives the coming test.