XRP Price Jumps 10% as Veteran Trader Predicts Rare Pattern Pointing to 60% More Gains

The XRP price has jumped 10% in the last 24 hours, to trade at $2.9039, on an 65.93% pump in the trading volume, to $12.26 billion.

XRP price surge comes as veteran trader Peter Brandt identifies a rare “continuation compound fulcrum” pattern on the weekly chart, often signaling a potential 60% rally fueled by quiet accumulation from big investors.
When this happens, it can lead to a strong price jump in the direction of the current trend. For XRP, the trend is upward, especially after breaking through key resistance levels. Brandt believes this setup could push XRP up to $4.47, a 60% gain from where it is now. 

However, he warns that if XRP falls below $1.80, this bullish outlook could be off the table. The current pattern is complicated, involving base-building, failed moves, and lots of confusion in the market, which often causes smaller investors to sell while whales accumulate.

“A highly rare continuation compound fulcrum is forming on the XRP chart. If this resolves, XRP could see a 60% rally to $4.47,” said Peter Brandt

XRP’s market value has jumped above $163 billion, making it the third-largest crypto asset in the world.

XRP Price Bullish Momentum, Faces Key Resistance at $3.40

XRP is currently trading at $2.87, up 26% in the past week and 34% over the last month. The token hit a recent high of $3.40 in January 2025 and has held up well even when the broader market saw profit-taking.

XRP formed a rounding bottom pattern from April to June, with two noticeable higher lows (marked by red curves), signaling accumulation.

XRPUSDT Analysis Source: Tradingview

The daily chart reveals a clear breakout from a long-standing consolidation phase, with Strong support levels at $2.27 and $2.57, which have repeatedly stopped the price from dropping further, while immediate resistance is at $3.10. If XRP breaks above this, it could aim for $3.40.

The Relative Strength Index is at 73.22, signalling that XRP is in overbought territory and could be due for a possible correction or consolidation phase before further upside. Moreover, with a value of 34.23, the Average Directional Index (ADX) suggests a strong trend is in place.

XRP is just below the $3 mark. Chart patterns like the bullish pennant suggest there could be more upside. If XRP can break and stay above $3, it might start a new rally, possibly reaching $6 or even $10 by the end of the year if the overall market conditions remain favourable.