Will XRP soon repeat the price rise from January?

As the crypto market fluctuates between economic instability and renewed optimism, XRP once again becomes the center of attention. On the chart, a familiar pattern reappears, similar to the pattern that previously caused a spectacular surge of 70% last January. Is this merely a technical coincidence or a sign of an impending bullish wave? Signals are emerging, analysts are questioning, and the risks are very high: will XRP soon replicate its explosive scenario? A Technical Signal is Forming: Heading Towards a New Bullish Breakout? The daily chart of XRP shows a descending wedge structure, while the selling pressure on the crypto market has increased. Currently, the price of XRP is moving within this chart pattern, which has been widely recognized by analysts. This pattern has predicted a bullish increase of 70% from December 2024 to January 2025. Such technical patterns, combined with the recovery on the 50-day exponential moving average (EMA), recall the context before that bullish phase, pushing the token price from $2 to $3.39. At the beginning of August, a similar structure seems to be forming. XRP is consolidating in a new descending wedge pattern after a strong bullish momentum, while finding technical support on the 50-day moving average (EMA 50). On-chain data is currently being observed to reinforce the bullish scenario's argument: The RSI index ( Relative Strength Index ) has returned from the overbought level to stabilize around 50, similar to the case before the bullish trend in January; The price is testing the upper limit of a descending wedge; a breakout could trigger a target of $3.75, corresponding to a potential increase of +20%; If it fails, XRP could drop to the EMA 50 level, or even down to $2.34, at the 200-day moving average. The similarity between the two models suggests that the crypto market may be on the verge of a new bullish move. However, caution is still needed as long as the technical breakout has not been confirmed. In addition to technical considerations, the fundamental operation of XRP Ledger (XRPL) further reinforces the bullish outlook. According to Dune Analytics, over 70 million transactions have been processed on the network in July, while more than one million new accounts have been created since the beginning of the year. In the context of practical application often being scrutinized as a long-term valuation criterion, these figures show a stark contrast to the clear volatility of the crypto market. The growth of stablecoins (stablecoin) on XRPL is a key component of the momentum of this network. The special report refers to the example of Brazil, where Banco Brasa issued over 4.2 million dollars of the stablecoin BBRL on the XRPL network in July, making this token the second largest stablecoin by BRL, only after BRZ from Transfero Group. In the United States, the stablecoin RLUSD issued by Ripple has seen its daily trading volume more than double in just one month, from 5,000 to over 12,000 transactions per day. These factors reflect the increasing adoption of tokenization solutions through XRPL, surpassing mere speculative frameworks. The increase in the use of this real network could reinforce the positive sentiment around XRP by providing economic legitimacy to the chart signals currently being observed. Moreover, a more favorable macroeconomic environment, notably the possibility of the U.S. Federal Reserve (Fed) cutting interest rates in September, could continue to drive interest in risk assets such as crypto. If the bullish scenario is confirmed, the symbolic threshold of $4 could be tested in the coming weeks.