XRP has recovered from its recent dip, moving back above the $3 level after falling to $2.70 at the start of September. The asset currently trades near $3.03 , reflecting a modest rebound of more than 12% from its earlier low. Despite this recovery, analysts note that the market remains at a critical juncture, with the next move dependent on key technical levels. Technical Setup According to market strategist Matthew Dixon, XRP’s price action since July has been forming a contracting Elliott Wave triangle. This pattern has defined the coin’s movements following the yearly high of $3.66 in mid-July. From there, XRP declined to $2.72 in early August, establishing wave (A). A rebound followed later that month, topping at $3.38 for wave (B), but the rally was capped by resistance along the descending trendline. Wave (C) formed at the $2.70 low earlier this month, and the market has since advanced again to test resistance near $3.05, completing wave (D). With this structure in place, Dixon suggests that XRP is approaching an important decision point at the triangle’s upper boundary. Keep in mind – THIS IS A VALID OPTION for #XRP Either way we should push to new ATH soon but we MAY still have the E wave of a potential Triangle formation to complete before the real impulse higher for $XRP pic.twitter.com/IUHR4G1AHL — Matthew Dixon – Veteran Financial Trader (@mdtrade) September 11, 2025 Dixon outlined two potential near-term outcomes. In the first, XRP could break through the upper resistance without further declines, creating room for an advance to around $3.90 . This scenario would translate into nearly 30% upside from current levels. Alternatively, XRP could be rejected at resistance and pulled back to establish wave (E) near the $2.655 support region. If this occurs, Dixon expects the correction to act as a base for a stronger rally, potentially pushing the asset from $2.65 to $3.90, a move representing about 47% growth. Regardless of which scenario unfolds, Dixon’s analysis anticipates an eventual breakout from the triangle that could carry XRP toward a new all-time high . Key Resistance and Support Levels Supporting data shows that XRP’s relative strength index (RSI) currently stands near 57, placing it in neutral territory with space to move in either direction. Analysts identify the $3.05 to $3.15 range as the immediate resistance to overcome, while $2.655 remains the crucial support level to maintain. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Additional Market Perspectives Other analysts share similar outlooks. EGRAG Crypto recently noted that XRP’s structure also resembles a symmetrical triangle, with equal chances of a bullish or bearish resolution. He emphasized that a close above $3.077 to $3.13 on the three-day chart, together with reclaiming the 21-period simple moving average, would reinforce the bullish scenario. In contrast, he warned that losing $2.77 would give sellers an advantage, and a breakdown below $2.55 would indicate deeper weakness. Looking at shorter timeframes, EGRAG highlighted an ascending triangle pattern on the four-hour chart, requiring XRP to stay above $2.973 to maintain the formation. His targets include $3.12, with interim support at $2.957, $2.912, and a key floor at $2.85. Meanwhile, analyst Casi Trades argued that XRP has already exited its recent consolidation. She identified $3.00 as a key level now serving as support, with immediate resistance at $3.08 and $3.27. In her view, a move above $3.25 could open the door to a push toward $4.50, with $3.66 likely to be retested during the process. XRP’s recovery above $3 has positioned it at an important stage, with analysts closely monitoring resistance around $3.10 and support near $2.65. While short-term outcomes remain uncertain, both primary scenarios outlined by Dixon point to an eventual breakout toward $3.90 and potentially new record highs, provided these key levels hold. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post XRP To Hit New All-Time High Soon, But There’s A Catch appeared first on Times Tabloid .
