Xoom (@Mr_Xoom), a popular market analyst on X, recently shared a chart of XRP that has generated considerable debate about the token’s immediate 0 first glance, the chart presents a bearish setup, reinforced by the prominent red arrow pointing downward. However, a closer examination reveals that the chart is 1 may initially seem like a bearish call is, in fact, a bullish 2 chart depicts a symmetrical triangle , and the analyst anticipates that XRP is nearing a breakout from this formation. I guess that's it for 3 — xoom (@Mr_Xoom) August 28, 2025 XRP’s Performance Within the Triangle XRP entered July with a powerful rally, reaching an all-time high of $3.65 .
However, the asset’s momentum stalled toward the end of the month, and the converging trendlines show that it had traded within a tightening 4 price has oscillated between support and resistance, dipping below $3 multiple times and attempting multiple failed 5 consistent pattern of repeated rejections at the upper boundary while maintaining higher lows along the bottom trendline has defined the symmetrical triangle that now dominates the short-term 6 the time of Xoom’s analysis, the digital asset traded around $2.96, close to the upper boundary of the 7 structure shows that the token has found a firm base above $2.9. This consolidation reflects both the caution and strength in the market as traders position for the next decisive 8 the Breakout Matters The symmetrical triangle is typically a continuation pattern, but it can also signal reversals depending on market 9 this case, the analyst interprets the setup as 10 the visual prediction of a bearish breakdown, the chart’s inversion shows the expectation of an upward move once XRP breaks through the upper resistance 11 a breakout would represent more than a short-term 12 would confirm that XRP has absorbed the recent selling pressure within the triangle and is now ready to extend 13 multiple tests of the upper boundary strengthen this outlook, suggesting that resistance may soon give 14 are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Potential Targets After Confirmation If XRP manages to break convincingly above the triangle, price targets could extend significantly higher than current levels.
A measured move from the triangle suggests a rise toward $3.9, which would mark a new all-time high for the digital 15 now, XRP remains confined within the symmetrical triangle. Still, its consistent performance inside the pattern indicates that a breakout decision point is approaching, with a high chance of a price rally once the breakout is 16 : This content is meant to inform and should not be considered financial 17 views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s 18 are advised to conduct thorough research before making any investment 19 action taken by the reader is strictly at their own 20 Tabloid is not responsible for any financial 21 us on X , Facebook , Telegram , and Google News
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