The XRP price broke out of an almost seven-year downtrend in 2024 and is now trading above $3, sparking renewed optimism across the market. With its steadily growing price, crypto analyst JackTheRippler claims that XRP is unlikely to face any major pullback like in the past, believing that the altcoin has entered a new bullish phase—and the “train has left the station.” XRP Unlikely To Revisit Previous Lows In a bold assertion that challenges typical post-rally pullback expectations, JackTheRippler has doubled down on his earlier outlook for XRP, claiming that a dramatic price retracement is no longer on the table. According to a price chart shared via X social media alongside his analysis, XRP has successfully broken out of a multi-month descending triangle pattern and surged beyond key resistance levels, skyrocketing above $3.6 before consolidating around $3.19. Related Reading: Crypto Analyst Warns XRP Investors Amid Market Retrace The chart reveals that XRP maintained strong horizontal support near the $1.77 region for several months, forming the base of the triangle. Despite multiple attempts to breach this level during its consolidation phase, the token held firm. The recent breakout in late July above $3.6 marked a significant shift in XRP’s structure, invalidating the downward trendline that had capped price action since December 2024. In his post, JackTheRippler emphasized that, unlike in previous cycles, XRP is unlikely to return to earlier lows. The analyst declared that “the train has left the station,” implying that the window to buy at significantly lower levels has decisively closed due to a price floor increase. With XRP now trading above $3.3, the main question is whether this level will establish itself as firm support and potentially propel it to new levels. Based on the cryptocurrency’s current technical setup and JackTheRipple’s confident projection, the path forward for XRP suggests continued upward momentum rather than a reversal. Analyst Unveils XRP Next Bullish Targets A recent chart analysis shared by crypto analyst Dark Defender suggests that XRP’s long-standing cooling period may be finally coming to an end. According to the pattern highlighted on the chart, the cryptocurrency appears to be mirroring its 2017 setup—a formation that led to an explosive breakout. Related Reading: XRP Price Forms Double Top, This Structure Says A Crash Is Coming With XRP now consolidating above $3.3, Dark Defender argues that this phase resembles a stabilization period that preceded the previous bull run, marked by a breakout from a descending wedge and rapid vertical gains. Based on the Elliott Wave Theory, the analyst has set XRP’s next bullish targets for $13.13, $18.22, and $36.76. According to Dark Defender, the cryptocurrency’s price surge observed in June and July confirms its breakout structure, positioning August as a potentially explosive month for the asset. Chart comparisons between the 2017 and 2025 cycles highlight striking similarities, each featuring a sharp rally, a descending consolidation, and a breakout that historically led to parabolic gains. Featured image from Getty Images, chart from Tradingview.com
