XRP coin consolidates near $3, signaling momentum for another rally. Analysts eye a bullish XRP breakout toward higher levels.
XRP has been gaining attention in recent sessions as the coin continues to consolidate above key technical levels. XRP has maintained steady support near $2.83 while analysts watch closely for an upside breakout that could fuel the next rally.
Veteran financial trader Matthew Dixon highlighted on X that XRP is looking like a coiled spring preparing to thrust sharply higher. He referred to the coin’s bull-flag triangle formation and called it a setup with favorable risk and reward for traders.
Another analyst, Amonyx, claimed that XRP briefly spiked to $21,312.25 during a live television broadcast. Amonyx suggested that a decentralized media platform will launch on the XRP Ledger on September 12 and connected this event to the potential of strong price movement.
‼️XRP JUST SPIKED TO $21,312.25 ON LIVE TV AMERICAN SUNRISE! ‼️
DECENTRALIZED MEDIA IS SET TO LAUNCH ON THE #XRP LEDGER SEPTEMBER 12 — THAT “GLITCH” ABOVE $20,000 IS TURNING INTO REALITY.
BXE TOKEN WHICH IS ON THE #XRPL IS SITTING AT $0.025!! A TOKEN WITH A TOTAL SUPPLY OF 500… pic.twitter.com/gu6co7naJz
— Amonyx (@amonbuy) August 29, 2025
Breakout Structure and Technical Signals in XRP
XRP has been trading around $2.87 while holding above its recent bullish flag breakout. XRP formed this pattern after breaking out of a larger triangle that developed over nearly three years of consolidation. Technical traders note that the price remains supported by key moving averages during this stage.
The shorter 9-period average has stayed above the 21-period line, which reflects near-term bullish structure. If the price sustains above these levels, then the trend can stay intact. However, a clear drop below both averages could challenge the ongoing pattern.
Resistance continues near $3.10, where price rejections have been seen in recent sessions. On the other side, $2.83 has become a crucial support level that traders are monitoring. Analysts explain that a strong move above resistance may allow XRP breakout targets near $5–$6.
XRP Breakout Levels and Trader Commentary
Daily turnover for XRP Ripple has remained above $6 billion, showing continued interest in the coin. Analyst Daisy commented that XRP coin is holding above $3 support and building a strong base. She added that a clean move above $3.12 could trigger further upside momentum.
Another analyst, Ali Martinez, remarked that XRP continues to retrace toward $2.83 as anticipated. These comments align with the repeated rejection at $3.10, which has created a near-term supply zone for the token. Until the market resolves this range, traders remain cautious.
$XRP continues to retrace toward $2.83 as anticipated! https://t.co/kzn0z7oh4X pic.twitter.com/WCChD1ildN
— Ali (@ali_charts) August 29, 2025
The Accumulation and Distribution line has flattened after years of decline, signaling reduced selling activity. Market observers suggest that more XRP tokens are being held instead of sold, which fits with the breakout and consolidation structure. This may indicate that some accumulation is taking place in the current range.
Long-Term Outlook for XRP Coin
XRP coin remains one of the most watched assets in the digital asset market. Some analysts continue to present long-range targets, with projections extending far beyond current trading levels. For example, regression-based models have suggested the potential for prices to rise toward three-digit values over time.
However, the present focus is on whether the XRP breakout structure can hold in the near term. Analysts emphasize the importance of consolidation above support before any strong continuation move. If the price sustains the current setup, then the next rally could aim for $5–$6 in the coming months.
Currently, the $2.83 level remains immediate downside support while $3.10 stands as near-term resistance. How the price reacts at these zones will determine whether the bullish flag breakout can continue to shape the direction of XRP Ripple.
