Top Analyst to XRP Holders: Get Ready, the Bullish Breakout Is Near. Here’s why

XRP has started July with renewed momentum after defending a key technical level that one analyst has tracked for weeks. The latest move keeps a closely watched wedge pattern intact and supports an outlook that a breakout could arrive this month if buyers maintain control.

Crypto analyst Crypto Michael (@MichaelXBT) shared an updated XRP chart on X, writing, “XRP held the wedge support line.” He added that his yellow trendlines are being respected before saying, “The bullish breakout is near.”

Wedge Pattern Remains Intact

Crypto Michael’s latest chart shows XRP continuing to trade inside a falling wedge that has guided price action since mid-April. The upper yellow trendline connects a series of lower highs, while the lower trendline has acted as support through several tests.

The recent rebound came after XRP touched the lower boundary near $1 before climbing back above $1.10. That reaction suggests buyers remain active around wedge support. The latest daily candle also shows strong bullish momentum as the price pushes toward the middle of the pattern.

The chart indicates that XRP now sits between the two trendlines, with the upper resistance line becoming the next technical level to watch.

July Outlook Builds on Previous Analysis

The latest update builds on Crypto Michael’s June analysis, which suggested XRP could break out of the wedge during July. Price has continued to respect the same technical structure since then, keeping that scenario in play as the new month begins.

His latest post reinforces that view. The consistency of the trendlines across both analyses may strengthen confidence among traders who have followed the pattern over the past few weeks.

All Eyes Are On the Resistance

The chart suggests XRP’s next challenge sits at the descending resistance line of the falling wedge, which still lies above the recent rebound. A move through that level would complete the wedge breakout that Crypto Michael has anticipated.

Until then, the support line remains the foundation of the current structure. Each successful defense has kept the pattern valid while allowing buyers another opportunity to test overhead resistance.

Many Analysts Watch July for XRP

Crypto Michael is not alone in watching July closely. Several market analysts have recently highlighted the month as a potential turning point for XRP after an extended period of consolidation.

His chart adds another technical case for that view. With wedge support holding once again, attention now shifts to whether XRP can carry its momentum into a breakout above the descending resistance line.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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