Date: Thu, Aug 28, 2025 | 10:58 AM GMT
The cryptocurrency market is making a notable comeback from recent volatility. Ethereum (ETH) briefly dipped to $4,320 before rebounding to around $4,600, lifting sentiment across major altcoins — including XRP.
XRP is trading in the green today, but beyond the short-term move, its latest price structure is painting a key harmonic pattern that may signal further upside potential in the near term.
Harmonic Pattern Hints at Potential Upside
On the daily chart, XRP appears to be forming a Bearish Gartley harmonic pattern. Despite its name, the CD leg of this structure often results in a bullish continuation before completing at the Potential Reversal Zone (PRZ).
The sequence began at point X ($3.6642), retraced down to A, rebounded to B, and then corrected to C near $2.7816. From there, XRP has shown resilience, currently trading around $2.98–$3.00, though it still awaits confirmation of a stronger rebound.
Another critical observation is that XRP is trading just under its 50-day moving average ($3.08). A decisive reclaim of this level could flip it into solid support, potentially fueling the next leg higher.
What’s Next for XRP?
If bulls successfully defend the C-point support at $2.7816 and manage to push XRP above its moving averages, the token could extend into the PRZ range between $3.4638 and $3.6642. This zone represents a 0.786–1.0 Fibonacci extension, marking a possible 22% upside from current levels.
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