As the cryptocurrency market gears up for 2025, XRP’s price action has sparked widespread interest, with analysts predicting a significant breakout on the horizon. Currently trading around $2.17, XRP is exhibiting a symmetrical triangle pattern on the 12-hour chart—a technical formation that often precedes sharp movements. The stage is set for XRP to either soar to new all-time highs or test lower support levels.

Crypto analyst Gordon identifies the symmetrical triangle as a pivotal indicator. He suggests a successful breakout could propel XRP past its November peak of $2.9097. The digital asset has been consolidating between $2 and $2.9, with this range described as "noise" by another analyst, Egrag Crypto. Egrag stresses that a decisive move above or below this range is critical for determining XRP’s next major trend.

Key price thresholds are under intense scrutiny. A drop below $2 could lead to targets of $1.64 or even $1.37. On the flip side, a rally beyond $2.65 could ignite bullish momentum, with projections reaching as high as $5. Market sentiment remains optimistic, as maintaining the $2 support level is considered vital for a bullish continuation.

With XRP nearing a potential breakout, traders and investors are closely monitoring the asset’s price action. The next move could solidify XRP’s position as a top-performing cryptocurrency in the upcoming year.