Technical analysis by ScramblerG about Symbol XRP: Buy recommendation (8/3/2025)

XRP has finally broken out of the long-standing downward parallel channel on the 4H chart — a strong bullish signal supported by volume and structure shift. Falling Channel Structure: XRP had been consolidating within a well-defined descending channel since late 2024. This structure capped price advances and formed a strong resistance ceiling. Breakout Confirmation: Recent price action cleanly broke above the upper trendline with volume expansion, followed by a classic retest of the breakout zone near 2.53, confirming the breakout is valid and not a fakeout. Volume Analysis: Breakout was supported by a noticeable increase in buying volume. The retest phase is happening on reduced volume, which is typical for a healthy bullish structure. Support Zones: 2.53 – Key breakout level and current support 1.87 – Mid-channel level, strong previous base 0.638 – Long-term demand zone (unlikely to revisit unless severe macro breakdown) Resistance Levels / Targets: 3.64 – Local resistance, recent swing high 4.29 – Major horizontal resistance Further upside open if macro trend remains bullish Setup Summary: Structure: Falling Channel → Breakout → Retest Entry Zone: Between 2.53 and CMP (~2.83) using DCA Stop Loss: Below 2.38 to protect against fakeouts Targets: TP1: 3.64 TP2: 4.29 Long-Term Open Why This Matters: XRP breaking out of a 9-month downtrend indicates a major sentiment shift. Similar breakouts in the past have led to 600%+ moves, and current structure resembles that setup. Macro trend shows buyers stepping in with conviction. DYOR | Not Financial Advice