XRP Outlook: Analyst Predicts Breakout After Rockets and Hammers

The focus keyword XRP drives renewed attention as market analyst EGRAG Crypto outlines a possible end to XRP’s current consolidation phase, following a pattern of “hammers” and “rockets” on the daily chart. His latest chart analysis builds on price behavior within a descending channel and offers key insights into when the next major upward move might begin.

Since XRP hit a peak around $3.4 in January 2025, it has entered a prolonged consolidation phase. Following the sharp decline, XRP quickly lost the $3 threshold and has hovered near the $2 mark for the last five months. This flatlining trajectory is part of a wider market pattern, even as Bitcoin logs fresh all-time highs. Despite the quiet spell, XRP appears poised for a shift, as suggested by EGRAG’s pattern recognition over recent months.

EGRAG’s visual analysis, shared via social media, spotlights the descending channel XRP has been following since November 2024. In this trend structure, he observed distinct formations he calls “three hammers” and “three rockets.” The “hammers” represent bearish resistance when the asset tests the upper boundary of the channel, often resulting in a short-term correction. The “rockets,” by contrast, signal bullish bounces when XRP hits the lower trendline, initiating attempts to break higher again.

To illustrate these patterns, the “rocket” surges notably occurred around:

• $1.95 on December 20, 2024
• $1.76 on February 3, 2025
• $1.61 on April 7, 2025

Meanwhile, the “hammer” resistance events were identified at:

• $3.4 on January 16, 2025
• $3.02 on March 2, 2025
• $2.65 on May 12, 2025

This symmetrical behavior of dips and recoveries has suggested to EGRAG that XRP may be building energy for a major upward move. After three of each of these formations, the market could now be reaching a turning point.

The analyst asked his followers for insights into whether XRP will finally break out or dip lower. In EGRAG’s forecast, XRP is expected to breach this descending structure potentially as early as mid-June. Once the breakout occurs, he anticipates the uptrend to extend well into August or September of this year. However, he also noted that the recent outbreak of war between Israel and Iran might impact this schedule by adding short-term volatility to the crypto markets.

As for the specifics of a breakout, XRP needs to clear a crucial resistance level at $2.6. From its current valuation of $2.16, this would require a 20.3% gain just to secure the breakout. Successfully exceeding $2.6 would position XRP to challenge subsequent resistance levels and resurface at the psychological $3 mark—territory it hasn’t consistently held since March 2025.

Beyond reclaiming $3, XRP’s next milestone would be to test the yearly high of $3.4. Surpassing this threshold may unlock further gains and broader confidence in a bullish continuation. Although EGRAG did not share a final price target in this analysis, he has consistently argued that XRP holds long-term potential for dramatic upside during this cycle. In past commentaries, he suggested XRP could soar to ambitious levels, including $24 or possibly even $27 before the cycle ends.

Related: Expert Advice: Sell XRP If You’re Confused

While these targets remain speculative for now, the real takeaway is the significance of current technical formations. For XRP holders, traders, and crypto market watchers, the alignment of hammers and rockets provides an intriguing framework to monitor. As XRP continues to compress within this structure, breaking free from the descending trend could re-energize broader market interest in Ripple’s native asset.