“BULLISH: XRP is breaking out of this descending 0 on the next move — this could be the start of something big.” With this brief message on X, market analyst John Squire drew traders’ attention to a classic chart pattern that now dominates XRP’s price 1 Snapshot XRP has climbed steadily over the past three days, moving from the upper $2.90 range into the low-$3.10s on major 2 of report time, the token trades at $3.17, a modest but significant rise that coincides with the breakout Squire 3 platforms also report a marked surge in intraday volume during the initial push higher—a key ingredient when validating any breakout. BULLISH: $XRP is breaking out of this descending 4 on the next move — this could be the start of something big. #XRP #Crypto 5 — John Squire (@TheCryptoSquire) September 12, 2025 Technical View: Why the Pattern Matters A descending triangle often signals bearish continuation, yet when price pierces the downward-sloping resistance line instead of breaking lower, it can ignite a powerful bullish 6 following the same setup estimate initial upside targets around $3.60 , with extended projections reaching into the mid-$3 range if momentum 7 figures come from a standard “measured move” calculation, which adds the triangle’s height to the breakout 8 Optimism with Caution Despite the excitement, not every technician is convinced the rally is 9 chartists stress the need for sustained closes above the $3.00–$3.10 zone before declaring the breakout confirmed.
On-chain metrics add another note of caution: recent reports of rising exchange reserves hint at possible selling pressure, which could cap gains if large holders decide to take 10 are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 What Investors Should Watch Volume remains the deciding factor . A breakout supported by above-average trading activity typically signals genuine demand, whereas a thin-volume move risks a swift 11 supports lie near $2.90–$3.00; a decisive drop below that range would weaken the bullish thesis and invite renewed 12 who choose to act on Squire’s observation are wise to pair any entries with clear stop levels and to size positions 13 John Squire’s alert has spotlighted a potential turning point for 14 next 24 to 72 hours will reveal whether this pattern is indeed the “start of something big” or merely a brief technical 15 buyers maintain control and volume stays elevated, the breakout could mark the beginning of a new upward leg for one of crypto’s most closely watched 16 not, the move will stand as another reminder that even the most convincing chart formations demand 17 : This content is meant to inform and should not be considered financial 18 views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s 19 are urged to do in-depth research before making any investment 20 action taken by the reader is strictly at their own 21 Tabloid is not responsible for any financial 22 us on Twitter , Facebook , Telegram , and Google News
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