XRP Price Consolidates Below $3 in Anticipation of Upcoming Breakout

XRP's price has been consolidating below the $3 level after breaking down on August 28, currently trading around $2.8. Recent technical analysis indicates this sideways movement is not indicative of weakness and may precede a rebound.

XRP Trading In Consolidation Phase

XRP retested the $3 level between August 26 and August 28, limiting upward momentum.
The asset has returned to a consolidation zone since early 2025.
Recent peak at $3.65 in July was an attempt to break out but resulted in retracement.
Analyst Egrag Crypto suggests XRP is poised for a bounce before the next significant move.
XRP remains above the lower trendline of a key white zone, giving bullish traders potential for upward movement as long as it stays above $2.8.

Targets Point To Double-Digit Breakouts

Egrag Crypto's analysis projects potential price targets of $7, $11, $18, and up to $27 if XRP closes above the consolidation zone.
These targets are supported by upward-sloping trendlines dating back to 2016.
The goal is to clear the upper boundary of the white zone and close decisively above $3.5.
Projected breakout could occur around September 29, 2025.

XRP is currently priced at $2.83, reflecting a 0.5% increase over the past 24 hours.