XRP Price Is About to Have Its Biggest Breakout Ever
XRP started the week with a massive price surge while the rest of the cryptocurrency market seems to be turning red. This price action has once again sparked discussions about the biggest price surge in XRP’s history.
XRP Breaking News: Big Price Increase in 2025?
In January 2018, the price of XRP reached a high of $3.84, but the cryptocurrency has been in a multi-year downtrend since then. As a result, a massive bullish triangle pattern has formed on the charts over the past six years.
This pattern occurs when the price shows lower highs and higher lows, and two converging trendlines meet at a crossover point. This indicates indecision in the market, with volatility falling as the price approaches the crossover point.
Usually, this pattern suggests that the price will soon break out higher, as a drop in volatility is often followed by a strong move in the direction of the dominant trend, which in this case is pointing upwards. Looking at the chart, this pattern could be fully completed by early 2025.
More and more traders are speculating on where this massive breakout could push the price of XRP. Some analysts speculate that this will be a breakthrough that will surprise many. According to a well-known YouTuber named “Bitboy,” the price of XRP could even rise to $52.