XRP may be nearing a turning point as a key chart pattern tightens and broader market signals turn positive, according to XRPL developer Bird (@Bird_XRPL). In a series of posts, Bird highlighted XRP’s hourly chart setup, suggesting a decisive move is likely “before the end of the week.” A technical breakout could quickly drive the price toward a nearby target.
“Take a look at XRP on the hourly. A move is about to happen before the end of the week,” Bird wrote, pointing to a contracting triangle pattern. “A measured move upward could push us straight to that $2.69 mark, which would finally put us into ‘bull run’ mode.”
Beyond the chart, Bird linked his outlook to the Russell 2000 index, noting its historical correlation with XRP and altcoins. “The Russell 2000 is about to close its highest weekly close in history. That matters a lot for XRP,” he said. He views the Russell as a true gauge of risk appetite for mid-cap assets, arguing that XRP behaves more like a mid-cap risk asset than a mega-cap store of value.
Bird sees current conditions as favorable, with capital rotating back into riskier investments. He described XRP’s prolonged consolidation as out of step with strong macro conditions across risk assets, stating, “We’re at a genuinely critical moment for XRP.”
He also referenced late 2024, when a green turn in the Russell preceded a parabolic move in XRP about ten days later. Now, with the Russell reaching new highs, Bird believes the stage is set for a similar response, pending a shift in capital rotation.
On the fundamental side, Bird noted Ripple’s recent acquisitions, expanding partnerships, lifting of NDAs, and improving regulatory clarity. He believes the market is approaching a point where “a single narrative, catalyst, or push can ignite XRP fast.”
The immediate test is whether the tightening pattern breaks upward and whether broader risk appetite continues to support altcoins. If both align, Bird’s analysis suggests a momentum break could propel XRP toward $2.69 and potentially toward new cycle highs.
At the time of writing, XRP is trading at $2.06.
Frequently Asked Questions
Of course Here is a list of FAQs about the headline Expert Suggests XRP Could See a Breakout Before the Weekend designed to be helpful for both beginners and more experienced followers
Beginner General Questions
1 What does a breakout mean in crypto
A breakout is when the price of an asset moves sharply above a specific price level where it has faced resistance or below a level of support It often signals the start of a new stronger trend
2 Who is the expert mentioned and why should I care
The expert could be a wellknown crypto analyst trader or market commentator Their opinion is based on technical analysis You shouldnt blindly follow it but it highlights a potential marketmoving scenario that other traders might be watching
3 Is this guaranteed to happen
No Absolutely not Crypto markets are highly volatile and unpredictable An experts suggestion is a prediction based on current data not a certainty Always do your own research and never invest more than you can afford to lose
4 What usually causes a breakout
Breakouts can be triggered by major news a surge in overall market sentiment a large volume of buy orders or simply the culmination of a technical pattern
5 Should I buy XRP right now because of this
This is not financial advice Making an investment decision based solely on one headline is risky If youre interested research XRPs fundamentals the current market trend and consider your own investment strategy and risk tolerance
Advanced Technical Questions
6 What specific chart pattern or indicator is the expert likely referring to
Common triggers for such predictions include
Key Resistance Break XRP pushing above a major price level it has tested and failed at multiple times
Volume Spike A sharp increase in trading volume accompanying a price rise confirming buyer interest
Pattern Completion The end of a consolidation pattern like a triangle or a wedge which often precedes a volatile move