Crypto analyst Galaxy recently shared a TradingView chart on X, noting that “consolidations are healthy” and emphasizing that the most likely scenario for XRP is a bullish continuation following its recent breakout. The post highlights a rectangular consolidation pattern forming after XRP’s sharp rally earlier this year, suggesting that the market is pausing before resuming its upward momentum. The Rectangular Consolidation The chart presented by Galaxy shows XRP moving within a well-defined sideways channel, commonly referred to as a rectangular consolidation. In technical analysis, this structure often represents a temporary equilibrium between buyers and sellers, where price oscillates between horizontal support and resistance. $XRP Consolidations are healthy. Especially after such a strong breakout. A bullish continuation from here is the most likely scenario. pic.twitter.com/L94UxHlvzU — Galaxy (@galaxyBTC) August 21, 2025 Historically, when such a formation occurs after a strong rally, it typically resolves in the direction of the initial trend. This makes the consolidation period less a sign of weakness and more a constructive base for future gains. Current Price Action and Key Levels At the time of Galaxy’s post, XRP was trading near $2.90, slightly below the $3 psychological level. The consolidation zone is significant because it sits above previous resistance levels, which now act as support. Holding this range signals that investors are not rushing to take profits but instead allowing the market to stabilize. Analysts have pointed out that a strong close above $3.30 would be a key trigger for a breakout confirmation , paving the way for the next leg higher. Analyst Consensus on XRP’s Trend Other market commentators echo Galaxy’s outlook. Several reports have described XRP’s recent activity as a multi-month consolidation lasting close to 200 days, which has repeatedly tested both the upper and lower boundaries of the range. Such extended consolidations are often seen as accumulation phases where strong hands prepare for the next move. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 If XRP can maintain support and eventually break out with convincing volume, the probabilities favor continuation toward higher price targets in the months ahead. Bullish Continuation vs. Risk of Breakdown The broader outlook remains bullish , but risks cannot be ignored. Rectangles can sometimes produce false breakouts or extended sideways movement that tests investor patience. For XRP, the decisive factor will be breakout confirmation supported by volume and weekly or monthly closes above resistance. Short-term traders may look to position themselves around these critical levels, while long-term holders are more likely to view the consolidation as a healthy pause before further gains. Final Thoughts Galaxy’s analysis aligns with a widely accepted principle in technical analysis: consolidations after strong breakouts tend to lead to continuation. XRP’s current sideways structure reflects stability rather than weakness, and with price holding above critical supports, the most probable outcome remains bullish. Traders and investors alike will be watching closely for a confirmed breakout above the consolidation range, which could mark the beginning of XRP’s next major rally. 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 States Most Likely Scenario for XRP Price Rally Continuation appeared first on Times Tabloid .
