Analyst Says XRP is Set for a Breakout After Long Consolidation

XRP Price Consolidates as Analysts Predict New All-Time High Soon

XRP's price from August 22 to August 28, 2025, reveals notable price fluctuations with the cryptocurrency trading between $2.75 and $3.15. While the 24-hour change shows minimal movement, the 7-day increase of 3.7% highlights a modest bullish trend. 

The impressive 420.7% growth over the past year reflects significant long-term potential, positioning it as one of the standout performers in the crypto space.

XRP’s Consolidation and Fibonacci Insights

Amid this performance, the altcoin has been consolidating within a descending channel in its price movement from May to August of 2025, according to a JackTheRippler chart. The price of the altcoin has been bouncing between the support of $2.2962 and the resistance of $3.6582, which shows indecisiveness. The consolidation that is in progress usually comes before a breakout. Thus, analysts are looking for any potential upward move that could be made.

Source: X

Applying Fibonacci retracement gives us more insight into XRP’s price action. The retracement level of $0.618, at $3.5873, coincides with an important resistance level. Supporting this is the 0.0 level, which refers to the previous high of $3.6582. A movement above these retracement levels could indicate momentum to higher price targets. For XRP, some targets have been marked, and analysts set three key ones: $3.6234, $3.8608, and $4.1066.

XRP's Market Activity and Open Interest Trends

Adding to the bullish momentum, per recent data from CoinGlass, derivatives has experienced notable fluctuations in volume and open interest. Over the past 24 hours, XRP’s trading volume dropped by 8.68%, bringing it to $8.18 billion. Open interest also saw a slight decline of 1.14%, reaching $8.10 billion. Despite this dip in volume and open interest, options market saw a positive surge, with options volume increasing by 24.69%, totaling $4.23 million. Options open interest also grew by 18.53%, reaching $1.19 million, signaling rising interest in options contracts.

Source: X

The long/short ratio for XRP has remained relatively balanced, with a 24-hour ratio of 0.9531. This suggests a neutral sentiment, with neither long nor short positions overwhelmingly dominating. On platforms like Binance and OKX, XRP’s long/short ratios show that long positions are slightly more favored, with Binance’s ratio sitting at 2.9968 and OKX’s at 2.5. The trend indicates a slightly bullish outlook among traders, though the market sentiment remains cautious, awaiting clearer price direction.

Furthermore, liquidation data from CoinGlass highlights that the market is also experiencing significant pressure, with various positions facing liquidation in the last 24 hours. The 1-hour rekt data shows $15.75K in liquidations, with long positions contributing $8.68K, while short positions saw $7.07K in liquidations. The 12-hour rekt data is more substantial, with $915.83K in total liquidations, split between long and short positions. This data reflects the ongoing volatility and indecision within the market, underscoring the pressure faced by traders on both sides of the market.