TLDR
- XRP is currently trading at $2.95 and remains within a strong ascending channel.
- The price structure shows consistent higher highs and higher lows since late 2024.
- Analyst JackTheRippler predicts XRP is preparing for a move toward the $5 level.
- XRP faces key resistance between $3.30 and $3.50, which has held firm in past attempts.
- A breakout above this resistance could lead to a rally that matches the channel’s width.
XRP’s technical chart suggests an imminent breakout, as it maintains a strong ascending structure. Analysts project that a surge to $5 is increasingly likely. Market watchers are focused on XRP’s price action, especially after analyst JackTheRippler projected a rise above $5.
XRP Holds Firm Within Ascending Channel
XRP continues to move inside a consistent ascending channel that has been in place since late 2024. The structure shows higher highs and higher lows, suggesting strong bullish momentum. Each dip within the channel has attracted buyers at increasing levels.
The price recently corrected from $3.30 and now trades at $2.95, sitting at the channel’s midpoint. Historical patterns show this zone often precedes sharp upward moves. Traders believe this consolidation reflects strength, not weakness.
JackTheRippler noted that XRP is “preparing for the next pump,” citing the long-standing technical trend. The ascending channel’s support zone remains steady near $2.50 to $2.60. Repeated defenses of this zone support the bullish bias and increase confidence among traders.
🚨#XRP IS PREPARING FOR THE NEXT PUMP!
💥$5+ IMMINENT💥 pic.twitter.com/wJrsI6XICS
— JackTheRippler ©️ (@RippleXrpie) August 20, 2025
Resistance Near $3.50 Could Trigger Breakout
XRP has repeatedly faced resistance near the upper channel boundary of $3.30 to $3.50. Each attempt to breach this range has met selling pressure but failed to reverse the overall trend. If buyers gain momentum, a move above $3.50 would likely confirm a breakout.
Technical analysts suggest that breakouts from ascending channels often mirror the width of the channel itself. For XRP, this pattern places the breakout target near $5, aligning with JackTheRippler’s projection. The setup, according to charts, remains intact and valid.
The weekly chart on BITSTAMP reinforces this expectation with clear trendlines and volume support. As long as XRP holds above $2.50, the bullish outlook remains valid. A close above $3.50 could serve as a strong signal for further gains.
$5 Target Rooted in Measured Move Projection
JackTheRippler’s $5 projection is based on the channel’s measured move potential. This method reflects typical price behavior after a channel breakout. For XRP, this projection falls precisely within the range implied by the trend’s geometry.
The formation’s reliability comes from repeated validations of support and resistance. Throughout 2025, XRP has honored these technical boundaries, which adds credibility to the breakout scenario.
If XRP breaches $3.50 with volume support, the rally could extend toward $5. A drop below $2.50 would invalidate this structure, but current trends show no signs of that. Until then, XRP remains technically poised for further gains.
