XRP above $1.42 as traders watch 2025 breakout pattern that led to 66% rally
XRP is consolidating above $1.42, with traders tracking a technical pattern from 2025 that previously triggered a significant 66% price rally.Summary
XRP has reclaimed the $1.42 level, drawing attention from traders who identified a technical bull flag pattern reminiscent of a 2025 setup that resulted in a 66% price surge. Analysts suggest that the current consolidation and moving average crossovers mirror this past breakout structure, signaling potential upward momentum if the price holds above $1.40.
Despite thinning liquidity conditions on major exchanges like Binance, which historically facilitates volatile moves, XRP continues to establish higher lows. Market participants are focused on the $1.42 resistance level; a decisive move above this threshold could target the $1.47-$1.50 range, while failure to sustain support at $1.40 might lead to a retest of the $1.34-$1.37 support zone.
(Source：CoinDesk)