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XRP Price Breaks Descending Channel With A $2.40 Target — Here’s The Roadmap | Bitcoinist.com

3 July 2025
in Crypto Updates
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Trusted Editorial content material, reviewed by main business consultants and seasoned editors. Advert Disclosure

Crypto analyst Egrag Crypto has predicted that the XRP value may rally to as excessive as $2.40 quickly. He made this prediction based mostly on the altcoin’s breakout above a descending channel and revealed what must occur subsequent for it to succeed in this $2.40 goal. 

XRP Value Eyes $2.40 With Breakout Above Descending Channel

In an X publish, Egrag Crypto said that the XRP value has damaged above the descending channel at $2.2. He additional remarked that the altcoin now wants to interrupt one other descending channel at $2.2962. As soon as that occurs, the analyst declared that the goal can be for the token to shut above $2.40. 

His accompanying chart confirmed {that a} profitable shut above $2.40 would put increased targets, resembling $2.55, $2.71, and $2.88, close by for the altcoin. This might pave the way in which for the altcoin to reclaim the psychological $3 degree and goal for a brand new all-time excessive (ATH). The analyst additionally just lately highlighted a ‘W’ sample, which confirmed {that a} new ATH was in sight. 

XRP
Supply: Egrag Crypto on X

Egrag Crypto said that the worth targets with this bullish sample are $15, $22, and $40, which signify the conservative, common, and optimistic targets, respectively. Nonetheless, he urged market members to take their preliminary capital at decrease targets, beginning round $6 to $7. He added that they need to additionally safe income alongside the way in which. 

XRP Wants To Maintain Its Present Degree To Keep Bullish

In an X publish, crypto analyst CasiTrades declared that the XRP value wants to carry above $2.16 to remain bullish. She famous that after reaching the $2.30 resistance, the worth wasn’t capable of maintain the $2.25 help degree. As an alternative, the altcoin is now pulling again to retest the highest of the consolidation between $2.18 and $2.16.

 CasiTrades affirmed that this isn’t a breakdown, not less than not but, however that this check issues. The analyst defined that that is a important zone and that holding above it retains momentum intact. It additionally confirms that the XRP value continues to be in a breakout transfer, not simply backfilling a construction. She added that this value motion is quite common, with a breakout, rejection, fast retest, after which launch. Nonetheless, for that to occur once more, she once more said that $2.16 wants to carry. 

If the XRP value fails to carry above $2.16, the crypto analyst warned that it dangers a deeper draw back and a broader pattern reset. This then opens the door for token to drop to the $1.90 help. Then again, she claimed that XRP merely must flip $2.25 to help, after which the altcoin is ready for “$2.69, $3.04, and past.”

On the time of writing, the XRP value is buying and selling at round $2.19, down within the final 24 hours, in response to information from CoinMarketCap.

XRP
XRP buying and selling at $2.18 on the 1D chart | Supply: XRPUSDT on Tradingview.com

Featured picture from Getty Pictures, chart from Tradingview.com

Editorial Course of for bitcoinist is centered on delivering completely researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent overview by our workforce of high expertise consultants and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.



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Tags: Bitcoinist.comBreaksChannelDescendingHeresPriceRoadmapTargetXRP
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