XRP Price Prediction: XRP Eyes $2.75 Breakout as Oversold Conditions Hold Key Support

The cryptocurrency’s current stability has sparked renewed interest among traders and investors. Technical analysts highlight key support levels and chart patterns that could set the stage for a breakout toward $2.75. Historical XRP cycles suggest that extended consolidation phases following oversold conditions often precede moves upward, though outcomes remain probabilistic. Market sentiment is cautiously optimistic as holders continue to accumulate, anticipating a possible surge in the coming weeks.

Technical Backdrop: Accumulation Above Key Levels

On social platform X, analyst EGRAG Crypto shared a 13-month accumulation phase for XRP coin above the $2.00 region. According to the chart, the so-called “Bifrost Bridge” diagonal support line connects historical lows, offering a structural foundation for the current consolidation.

XRP is in a 13-month accumulation above $2.00, with the “Bifrost Bridge” support line hinting at a potential breakout toward $2.60. Source: @egragcrypto via X

“We are still accumulating,” EGRAG noted, encouraging patience during this sideways movement. Community responses largely supported this approach, with some investors committing to positions up to $2.60.

Historically, similar accumulation phases in XRP’s past cycles (e.g., late 2023 and early 2024) have preceded moderate rallies, though timing and magnitude varied. Such patterns suggest that patient accumulation may increase the likelihood of a breakout but do not guarantee outcomes.

Oversold Conditions and Market Sentiment

Crypto trader Gordon Gekko, founder of Crypto Crib, highlighted that XRP is at its most oversold point in the current market cycle while maintaining critical support levels. Using the Relative Strength Index (RSI) on the weekly timeframe, Gekko observed values near -2.67, indicating extreme oversold conditions.

XRP is at its most oversold level of the cycle, holding key support while traders wait for a 20% confirmation pump. Source: @GordonGekko via X

Charts show a descending trendline connecting recent highs, with price bouncing from horizontal support around $1.80. Momentum indicators suggest low buying pressure currently, which historically can signal a potential rebound, but timing remains uncertain.

Oversold readings like these often precede short-term bounces in XRP; however, such signals are probabilistic. Traders should recognize that indicators like RSI or MACD highlight relative conditions rather than guaranteed price reversals.

Wedge Pattern and Breakout Potential

TradingView analyst geordiecrew77 observed that XRP is compressing within a descending wedge. This technical pattern historically signals potential breakouts, though breakouts are not assured. According to the analyst, a successful move above the wedge could see XRP testing $2.75, a nearly 50% increase from current levels.

XRP is compressing in a wedge pattern, eyeing a potential upside breakout toward $2.75, signaling a possible 50% price increase. Source: geordiecrew77 on TradingView

Wedge patterns reflect price compression and decreasing volatility. Breakouts are conditional on volume confirmation and broader market support. Conversely, a breakdown from the wedge could trigger further declines, emphasizing the importance of monitoring support levels around $1.80.

Final Thoughts

XRP is navigating a pivotal phase, balancing consolidation with strong technical support. A prolonged accumulation period, oversold conditions, and wedge compression together suggest a scenario in which the token could approach $2.60–$2.75.

XRP was trading at around 1.87, up 1.33% in the last 24 hours at press time. Source: XRP price via Brave New Coin

However, these price targets are conditional, not guaranteed. Traders are advised to remain vigilant, consider invalidation points, and align positions with broader market developments. XRP’s current stability provides a foundation for potential bullish strategies, but careful monitoring and risk management remain essential in uncertain market conditions.