XRP Analyst Predicts Major Breakout From Falling Wedge By October

An analysis by Dark Defender highlights a potential breakout for XRP, as it forms a Falling Wedge pattern, indicating possible strong market movement by October.

Key Insights

XRP is respecting key support levels at $2.85 despite being rejected at $3.13.
The Relative Strength Index (RSI) approaches oversold territory, suggesting potential price reversals.
XRP has been consolidating within a Falling Wedge pattern from July to September.
October might see XRP break free, with forecasted price targets of $4.17, $4.92, and $5.85 corresponding to upper Fibonacci Extension zones.
Current supports are at $2.80 and $2.64, providing a base for the anticipated breakout.

XRP

Market Performance

XRP has gained 384% Year-to-Date in 2025.
Rumors of a potential XRP ETF and renewed confidence post Ripple-SEC lawsuit settlement have fueled demand.
XRP's high earlier in the year was $3.65, nearing its all-time high of $3.84.
The recent pullback below $3 is viewed as consolidation, not weakness.

XRP

Dark Defender suggests that reclaiming the $3.33 level could lead to double-digit prices, marking the end of the corrective consolidation phase and a potential lift-off for XRP.