XRP is once again drawing attention from traders as its price structure points to a potential breakout. Market analyst JackTheRippler recently argued on X that XRP is “preparing for the next pump,” projecting a move beyond $5. A closer look at the charts suggests that his forecast is grounded in the asset’s current technical formation. A Strong Ascending Channel The weekly BITSTAMP chart shows XRP moving within a clearly defined ascending channel that has been intact since late 2024. This structure is characterized by higher highs and higher lows, reflecting a market that continues to build strength over time. As of report time, XRP trades at $2.95, positioned near the middle of this channel after retreating from resistance just above $3.30 earlier in the summer. The preservation of this upward channel underscores a strong underlying trend, as each pullback has been met with renewed demand at higher levels. #XRP IS PREPARING FOR THE NEXT PUMP! $5+ IMMINENT pic.twitter.com/wJrsI6XICS — JackTheRippler © (@RippleXrpie) August 20, 2025 Testing Support and Eyeing Resistance The channel has established consistent zones where traders respond. Each time XRP has approached the lower boundary in the $2.50 to $2.60 region, buyers have defended the level, reaffirming it as a reliable base of support. On the other hand, resistance has been repeatedly felt near the channel’s upper edge, which currently lies in the $3.30 to $3.50 range . Price now sits at a pivotal mid-channel position, where momentum typically begins to build before the next decisive move. If buyers regain control and drive the price above the upper boundary, the chart implies an extension that naturally projects toward the $5 level. Why the $5 Target Holds Weight JackTheRippler’s $5 call aligns with the measured move potential that often follows channel breakouts. When an asset consistently trends within parallel rails, a breakout to the upside typically produces gains equal to the width of the channel. In XRP’s case, the projected path from the current formation places the next significant resistance zone near $5. This target is not arbitrary—it follows directly from the geometry of the trend and the strength of recurring support that has underpinned XRP’s rise throughout 2025. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 The Integrity of the Pattern The credibility of this setup lies in its consistency. Both the support and resistance levels of the channel have been tested multiple times, confirming the validity of the structure. As long as XRP continues to respect these levels, the broader bias remains bullish. A decisive breakout above resistance would confirm market conviction and pave the way toward $5 , while a sustained drop below $2.50 would be required to invalidate the pattern. Final Outlook XRP’s technical outlook provides a clear explanation for JackTheRippler’s $5 projection. The cryptocurrency is locked within a disciplined ascending channel, consolidating near its midpoint and preparing for its next directional move. With the trend firmly intact and resistance levels within reach, a breakout could propel XRP into the $5 region in the near term. The case is not built on speculation but on the strength of the chart itself, which continues to show resilience and upward momentum. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Expert Says XRP Is Preparing for the Next Pump to $5. Here’s Why appeared first on Times Tabloid .